ONLINE NEWS

• Coca-Cola India partners with Adani Digital Labs for product sampling, consumer insights
  2 Dec 2022, retail.economictimes.indiatimes.com​​
  Beverage major Coca-Cola India on Thursday said it is partnering with Adani Group subsidiary — Adani Digital Labs — to optimise the reach of its brands to consumers across the country…
• Tata Soulfull banks on millets to stand out in breakfast cereal segment
  2 Dec 2022, financialexpress.com​​
  Tata Soulfull, a 100% subsidiary of Tata Consumer Products that operates in the health and wellness-focused food segment, is looking to increase its distribution share keeping high millet content in its products as a key differentiator. The company is aiming to become a top-two or three player by 2027 in the three categories it operates in: children’s snacking, breakfast cereals and masala oats…
• Peak rural demand will come in Q4 and Q1 of next year: Adani Wilmar MD
  2 Dec 2022, retail.economictimes.indiatimes.com​​
  “Normally in any FMCG product, as the commodity prices come down, the brand starts giving better margins and that holds true for us also. So when the prices go up, we are under pressure to manage the market share. Sometimes we cannot raise prices as much as required but when it comes down, we are comfortable and are in a better position.”…
• Britannia aims five-fold growth in cheese business in next 5 years
  2 Dec 2022, retail.economictimes.indiatimes.com​​
  BEL Group CEO Cecile Beliot said: “They (Britannia) have an emblematic brand in India and a powerful distribution system. By combining their expertise with our know-how and knowledge of cheese products, this joint venture is well positioned… and become a leader in the fast-growing Indian cheese market”. Britannia which has the ambition to be a food company is “looking at many new adjacent formats. You will see lots of excitement coming on,” said Berry…
• WayCool Foods Expands Ready-to-cook Product Portfolio
  1 Dec 2022, indianretailer.com​​
  Food and agriculture supply chain company WayCool Foods and Products has enhanced its product portfolio in the ready-to-cook segment with the launch of the new Freshey’s bread range, the company said…
• Sober and Co Launches in Bengaluru
  1 Dec 2022, indianretailer.com​​
  Sober and Co a lifestyle beverage brand, introduced its homegrown, ready-to-drink portfolio of products in Bengaluru…
• Zouk Partners with PeTA India, Unveils Vegan Creators Day and Awards
  1 Dec 2022, indianretailer.com​​
  Cruelty-free lifestyle brand Zouk held its first-ever Vegan Creators Day and Awards. The event honored the valuable contribution of vegan creators in influencing Indian consumers in making cruelty-free choices. ..
• Ethos to become luxury watch brand Trilobe’s exclusive retail partner in India
  1 Dec 2022, cnbctv18.com​​
  Luxury watch retailer Ethos Ltd. has entered into an exclusive retail partnership with Trilobe to launch a fine watchmaking brand in India. With this pact, Ethos Watch Boutiques will exclusively retail Trilobe across India and the selection will be available from early 2023…
• Phoenix Mills announces grand opening of Phoenix Citadel in Indore
  1 Dec 2022, business-standard.com​​
  Phoenix Mills announced the grand opening of Phoenix Citadel, the largest retail destination in Indore, Madhya Pradesh. Phoenix Citadel has been developed by PML under its first joint venture with Canada Pension Plan Investment Board (CPP Investments)…
• India’s Reliance Brands in talks to acquire stake in Prabal Gurung
  1 Dec 2022, fashionnetwork.com​​
  Reliance Industries Limited’s Reliance Brands is in talks to acquire a stake in designer Prabal Gurung’s eponymous brand. The retail giant could open brick-and-mortar stores for the label in India in its Jio World malls…
• Nexus Malls appoints Amitabh Bachchan as Brand Ambassador
  1 Dec 2022, economictimes.indiatimes.com​​
  Nexus Malls, the retail platform in India owned and managed by Blackstone Real Estate funds, has appointed Amitabh Bachchan as their ‘Happyness Ambassador’…
• Very robust Q3 & Q4, premiumisation on plate for most FMCG cos: Patanjali Foods CEO
  1 Dec 2022, retail.economictimes.indiatimes.com​​
  “In the edible oil category, you will soon see us working towards the premium end of the oil bracket. We are also working on the atta and besan and grocery items. Similarly, we are working on range of juices. A lot of effort goes on in making a consumer move towards the premium end of the product range, where they must see a very visible and clear differentiation between what they were buying earlier and what they are consuming now.”…
• P&G elevates India-born Bala Purushothaman as its global HR head
  1 Dec 2022, retail.economictimes.indiatimes.com​​
  With this, Bala becomes the fourth Indian after Shailesh Jejurikar (COO), Sundar Raman (CEO, Fabric & Home Care), and Kirti Singh (Chief Analytics & Insights Officer) to join the global leadership of the company in recent years. Purushothaman will take over the role from Tracey Grabowski, who is retiring from the company after a career spanning over three decades, including more than four years as the global CHRO…
• Aditya Birla Group’s TMRW acquires controlling stake in D2C brand Bewakoof for Rs 200 cr
  1 Dec 2022, retail.economictimes.indiatimes.com​​
  “With Bewakoof’s loyal consumer base and our value-add in design, technology, brand building & supply chain, we aim to scale this brand to Rs 500 crore plus in the next 2 years,” said Prashanth Aluru, CEO and co-founder, TMRW…
• Moonray launches its first limited evening wear range
  1 Dec 2022, retail.economictimes.indiatimes.com​​
  The first-ever evening wear collection from the mother-daughter duo for the Mumbai-based brand Moonray is now available both flagship store and online…
• Wipro Lighting enters into exclusive partnership with Aura Air
  1 Dec 2022, retail.economictimes.indiatimes.com​​
  Through this partnership with Aura Air, Wipro Lighting will be adding the indoor air quality management business to their portfolio…
• Indian smartwatch sales surge on festive push, health consciousness
  1 Dec 2022, retail.economictimes.indiatimes.com​​
  A report by market research firm Counterpoint on Tuesday night said ecommerce festive season sales made India the largest smartwatch market in the world by volume, surpassing the United States…
• Reliance Brands eyes stake in US fashion retailer Prabal Gurung’s label
  1 Dec 2022, retail.economictimes.indiatimes.com​​
  A Nepalese-American fashion designer, Gurung is known for dressing up celebs such as Michelle Obama, Sarah Jessica Parker and Anne Hathaway. He had launched his line in 2009 at the New York Fashion Week…
• Superdry Ropes in Kartik Aryan as Brand Ambassador
  30 Nov 2022, indianretailer.com​​
  Superdry has announced a partnership with Bollywood actor Kartik Aryan, who joins Superdry as its newest brand ambassador for the Indian market. The campaign titled ‘YOU GOT THIS’, takes inspiration from anime animation to channel the consumer’s inner super-self…
• Ethos Limited Drafts Exclusive Partnership With Speake-Marin for Indian Markets
  30 Nov 2022, indianretailer.com​​
  Ethos Limited has signed a partnership with Swiss Watch Manufacturer Speake-Marin to be their exclusive retailer in the Indian market. The timepieces by Speake-Marin will be exclusively available with Ethos Watch Boutiques and will include timepieces such as One and Two Dual Time and City Ripples…
• Myntra Brings Boohoo Group to India
  30 Nov 2022, indianretailer.com​​
  Trendsetting UK-based iconic fashion house, Boohoo Group, has marked its foray into the Indian market for the first time with Myntra. boohoo, Dorothy Perkins (DP), and Nasty Gal, will offer over 1500 on-trend and fresh styles across categories like dresses, tops, bottoms, and footwear, as a part of the much-anticipated launch…
• Cashify to open 250 stores by March 2023 in India
  30 Nov 2022, thehindu.com​​
  The company also said it continues to witness “exceptional demand” with a footfall of around 2 lakh people per month…
• Cantabil Retail India launches 5 showrooms across India
  30 Nov 2022, business-standard.com​​
  Cantabil Retail India announced that it has opened 5 new showrooms at different locations in India during the month of November 2022…
• Les Petits plans retail expansion in South and East India
  30 Nov 2022, in.fashionnetwork.com​​
  Les Petits plans to expand its brick-and-mortar presence in the South and East of India, where it is seeing strong sales. The multi-brand luxury children’s wear retailer is pursuing omni-channel expansion in the fast growing children’s wear market in India…
• Shopkhoj explores Artificial Jewellery Shops in Delhi ,Jaipur & other cities in India
  30 Nov 2022, einnews.com​​
  DELHI, INDIA, November 30, 2022 /EINPresswire.com/ — Walk into any of the big museums in the world – the Metropolitan Museum of Art in New York, the British Museum in London, or The Indian National Museum- and you will be captivated by the amazing jewelry highlighting the different cultures…
• The progressive future of the Indian snacking and food vending machine business
  30 Nov 2022, timesofindia.indiatimes.com​​
  Ever since the pandemic-induced digitization gained momentum, technology rules our lives. New-age technologies such as AI and ML have revolutionized various sectors ranging from healthcare and events, to finance, education, etc. just to mention a few. The food & beverage industry was largely untouched but over the course of time, digitization has entered this domain as well…
• D2C brand Juicy Chemistry ventures into colour cosmetics
  30 Nov 2022, thehindubusinessline.com​​
  Juicy Chemistry, the organic skincare and haircare D2C brand, is venturing into the colour cosmetics space as it aims to garner annual recurring revenue of ₹100 crore by the end of 2023. The start-up, which is backed by Belgium investment firm Verlinvest, has launched a new brand called Color Chemistry to offer a range of certified organic cosmetics products…
• WayCool Foods expands ready-to-cook product portfolio
  30 Nov 2022, retail.economictimes.indiatimes.com​​
  WayCool Foods co-founder and Managing Director Karthik Jayaraman said, “Freshey’s has witnessed massive traction in Chennai and other markets of Tamil Nadu.. with the launch of Freshey’s Bread range, we are happy to enhance our presence on the breakfast table.”…
• Barbeque Nation opens 2nd outlet in Kochi, 5th in Kerala
  30 Nov 2022, thehindubusinessline.com​​
  The spacious outlet is spread over 4,676 sq ft and can accommodate 144 people Continuing with its expansion in Kerala, Barbeque Nation, one of the leading casual dining chains in India and the pioneer of the concept of ‘live-on-the-table’ grill, has launched its second outlet in Kochi at Kakkanad….
• D2C brand Melorra clocks ARR of $100 million in six years
  30 Nov 2022, retail.economictimes.indiatimes.com​​
  Delivering in over 26,000 pin codes across India, UAE, USA, UK, and Europe, Melorra offers trendy, lightweight, BIS Hallmarked gold & diamond jewellery at affordable prices…
• India-Australia ECTA seen boosting gems & jewellery trade to $2 billion
  30 Nov 2022, retail.economictimes.indiatimes.com​​
  “By providing preferential access for Indian gems and jewellery exports, the deal also makes it cheaper for Australian retailers to procure world-class jewellery crafted with finesse from Indian manufacturers. We expect the agreement to boost bilateral gem and jewellery trade from USD 1.3 billion at present to USD 2 billion,” said Vipul Shah, chairman, GJEPC…
• Re-commerce marketplace Cashify to open 250 stores by March 2023
  30 Nov 2022, thehindubusinessline.com​​
  In addition, the company plans to expand to 30 more cities by the end of 2022, and by the end of this year, it will be present in over 100 cities…
• A Flipkart veteran is building unified shopper identity across stores
  30 Nov 2022, retail.economictimes.indiatimes.com​​
  The Indian startup created by engineer Ranjith Boyanapalli, a former executive at Walmart Inc.’s Flipkart, raised the funds from backers including Global Founders Capital Management and angel investors such as Binny Bansal and Sujeet Kumar…
• Real Bharat to drive next wave of retail; data a game changer: Industry leaders at ETRetail Business Leadership Summit 2022
  30 Nov 2022, retail.economictimes.indiatimes.com​​
  More than 40 industry leaders, CEOs of top retail and D2C brands across categories, CTOs, digital commerce heads, and supply chain experts came together under one roof for the third edition of the ETRetail Business Leadership Summit 2022, held in Mumbai…
• Myntra partners global fashion house Boohoo Group for India entry
  30 Nov 2022, retail.economictimes.indiatimes.com​​
  The partnership will see Boohoo and Nasty Gal cater to fashion-forward Indian consumers for the first time, while also marking DP’s re-entry into the country, following the brand’s acquisition by the Boohoo Group, it said in a statement…
• How the middle class has turned cities into India’s growth engine
  30 Nov 2022, freepressjournal.in​​
  India’s 63 biggest cities are now home to more than a quarter of its middle class. They also generate 29% of the country’s disposable income that drives demand for goods and services, fuelling an economic boom,…
• Baby Moo – The Only Indian Brand Offering More Than 3500 Baby Products At Your Fingertips
  30 Nov 2022, freepressjournal.in​​
  The pandemic changed our world. It changed the way we look at things. It changed the way we look at life. A lot of life was brought into this world during and after the pandemic. Late 2020, amid the Covid mayhem, Baby Moo was born. 3 business minds and entrepreneurs from different walks of life launched a retail brand of baby products – Baby Moo…
• Vishal Goyal: The game-changer of textile industry
  30 Nov 2022, forbesindia.com​​
  All of us have sometime or the other brought clothes, without a trial, either from a brick-and-mortar store or an e-commerce platform and unfortunately have regretted our decisions. Mr. Vishal Goyal, Founder of brands like Eternea and ItsEasy4All.com is working towards alleviating such pain points of customers and dealers so that the fashion industry can be more agile and robust while standing at the forefront in boosting India’s Economy…
• Amway repositions skin-care brand Artistry
  30 Nov 2022, retail.economictimes.indiatimes.com​​
  Ajay Khanna, CMO at Amway said in a statement, “health-conscious consumers are looking for products that are enhanced with nutrients.” He said the anti-aging market in India is estimated to grow at a CAGR of 8.84% in the next five years, indicating the immense potential for the segment, adding that a majority of Indian consumers prefer beauty products with a combination of chemical-free, vegan, and plant-based claims…
• Govt e-marketplace GeM achieves Rs 1 lakh crore GMV in FY23 alone
  30 Nov 2022, retail.economictimes.indiatimes.com​​
  Cumulatively, GeM has surpassed the Rs 3 lakh crore GMV since inception, and the total number of transactions on GeM also recently surpassed 1.2 crore, according to GeM CEO PK Singh. GeM (or e-Marketplace) has over 63,000 government buyer organisations as well as over 54 lakh sellers and service providers, offering a wide range of products and services…
• Alibaba to sell $193 mn stake in Zomato through block trade
  30 Nov 2022, livemint.com​​
  Alibaba aims to sell shares of Zomato Ltd worth at least $193 million through a block trade, according to deal terms seen by Mint…
• Big overseas brands sending out feelers for India debut
  30 Nov 2022, retail.economictimes.indiatimes.com​​
  These brands are in discussions for signing up local partners and to decide on the location to open stores, they said. They will most likely enter a metro city first before expanding operations…
• Liquor sales bubble over to 15% as demand increases for key segments
  30 Nov 2022, retail.economictimes.indiatimes.com​​
  ​​”Based on the last ten calendar months, the industry is expected to grow in double digits, largely driven by a secular trend in premiumisation across categories. We also see a full recovery in out-of-home consumption while off-trade continue its growth momentum since several quarters now,” said Bikram Basu, VP, strategy and marketing at Allied Blenders and Distillers (ABD), the largest Indian spirits firm…
• Britannia enters JV with Bel SA; to sell 49% stake in Britannia Diary
  30 Nov 2022, retail.economictimes.indiatimes.com​​
  Bel Group is a world leader in branded cheese and a significant player in the healthy snacking segment with brands like The Laughing Cow, Kiri, Babybel, Boursin and Nurishh…
• Tata CLiQ Luxury Expands Luxury Fashion Portfolio, Launches Le Mill
  29 Nov 2022, indianretailer.com​​
  At Tata CLiQ Luxury, India’s premier luxury lifestyle platform, the fashion category has been a strategic focus. In its continuous effort to offer exclusive assortments and an unparalleled shopping experience by embracing the principles of the Slow Commerce brand philosophy, Tata CLiQ Luxury has always focused on the mindful curation of brands that resonate with the synergies and values of the platform…
• Pepperfry to Improve Furniture Delivery Experience
  29 Nov 2022, indianretailer.com​​
  E-commerce is expected to grow 96 percent between 2021-2025 in India, reaching $120 billion in transaction value. With that growth comes delivery complexity, particularly for big and bulky deliveries such as furniture and other oversized home items. Pepperfry, the leading e-commerce home goods company, headquartered in Mumbai, India, is working with FarEye to simplify last-mile delivery, particularly for oversized deliveries requiring installation…
• Nykaa Unveils Olaplex on its Platform
  29 Nov 2022, indianretailer.com​​
  Nykaa, the country’s leading beauty and lifestyle destination, launches the much-awaited haircare Olaplex on its platform. A revolution in the haircare industry, Olaplex has quickly become a sensation the world over, paving the way for a completely new category of haircare called “bond-building”. With a promise of 100 percent authenticity, quick delivery, and a strong retail prowess, Nykaa is bringing Olaplex’s range of 8 products online and to 30 stores, just in time for the Holiday season…
• Tetra Pak Unveils Tetra Stelo Aseptic Package in India
  29 Nov 2022, indianretailer.com​​
  Tetra Stelo Aseptic, the latest member of Tetra Pak’s global packaging portfolio, is now the package of choice for Minute Maid, the leading nutrition brand under The Coca-Cola Company’s portfolio in India. This is the first ever Tetra Stelo Aseptic package for The Coca-Cola Company in the world, and the first time the package is being launched by Tetra Pak in the Asia Pacific region…
• Meet the three women entrepreneurs at the forefront of India’s retail revolution
  29 Nov 2022, yourstory.com​​
  AWS Women in Tech Series put the spotlight on three women entrepreneurs who didn’t just make the most of the retail evolution, but also scaled despite the challenges…
• L’Oréal to bring in more premium hair care products
  29 Nov 2022, livemint.com​​
  L’Oréal India’s professional products division plans to launch some brands in India, said Omar Hajeri, president, L’Oréal professional products division, which sells brands such as Kerastase, L’Oréal Professional, and Matrix in India. The move comes in the wake of strong demand for its premium and specialised products both at home and at salons…
• Filatex Fashions picks up 51% stake in Sri Lankan firm for $7.55 m
  29 Nov 2022, thehindubusinessline.com​​
  Filatex Fashions Limited (FFL), a BSE-listed socks manufacturer, is picking up 51 per cent stake in Sri Lankan apparel manufacturing company Isabella (Private) Ltd for about $7.55 million (approx Rs 60.40 crore)…
• Food-tech venture Pluckk records $5mn annualised revenue run rate in October
  29 Nov 2022, retail.economictimes.indiatimes.com​​
  Since its launch in January this year, Pluckk – the foot-tech venture owned by Fruveggie Tech Pv Ltd – has seen its customer base cross 1,00,000, it said in a statement…
• Innerwear brand VIP Clothing to expand its athletic and comfort wear portfolio
  29 Nov 2022, retail.economictimes.indiatimes.com​​
  In the womenswear segment, VIP is focusing on lingerie and comfort wear and is also expanding its kidswear portfolio. The company has already launched its kidswear brand and in the next 2 months, will be launching its new portfolio, said Pathare…
• Revenue of organised electrical, kitchen appliances industry to grow by 8-10 pc this fiscal: Report
  29 Nov 2022, retail.economictimes.indiatimes.com​​
  This 8-10 per cent revenue growth expected during this fiscal will also be supported by increasing usage of smart technologies and similar buying behaviour among rural and urban consumers towards such products, according to a report by Crisil Ratings…
• Falling input costs may cool prices of essentials, apparels
  29 Nov 2022, retail.economictimes.indiatimes.com​​
  Fast-moving consumer goods (FMCG) firms such as Hindustan Unilever, Britannia, ITC, Marico and Emami have indicated in their recent earnings calls that input cost pressure is set to ease in the next two quarters…
• Now, Amazon to shut its wholesale distribution business in India
  29 Nov 2022, retail.economictimes.indiatimes.com​​
  Called Amazon Distribution, the business operates in Bengaluru, Hubli and Mysore. This is the third business Amazon has shut in India in the past week…
• India registers 93.5 mn sq ft of total leasable area under listed Reits assets
  28 Nov 2022, entrepreneur.com​​
  India recorded 6.85% yearly growth in total leasable area of listed Real Estate Investment Trust (Reits) from 87.6 million sq ft as of 30 September 2021 to 93.6 million sq ft as of 30 September 2022, according to a report by Windmill Capital, a Sebi-registered research analyst…
• A 20 Years Old Tries To Disrupt The $500 Billion FMCG Market In India
  28 Nov 2022, entrepreneur.com​​
  In a country that still hasn’t gotten rid of the conservative mindset of having a government job, Soptle is the name of a revolutionary breakthrough made by a nineteen year-old boy, Pravas Chandragiri. Probably because the business in his blood cannot be avoided, at the age of 12, the boy learned his baby steps in business while managing his uncle’s kirana store at Balasore (Odisha)…
• Tynimo Eyes to Boost its Offline Presence Around Major Cities
  28 Nov 2022, indianretailer.com​​
  Direct-to-consumer lifestyle brand, Tynimo is expanding its offline sales by planning to grow around major cities in the country and stepping up the procurement of home-grown products, as fierce competition in the lifestyle segment drives brands to seek out newer channels of growth…
• Plotted projects gain traction post-pandemic: Brigade JMD Nirupa Shankar
  28 Nov 2022, deccanherald.com​​
  The Covid-19 pandemic changed many things for real estate buyers and developers. In a wide-ranging interview, Brigade Group Joint Managing Director Nirupa Shankar told DH’s Lavpreet Kaur all about the changes, especially the rise in demand for plotte…
• IKEA store owner eyes more price cuts as some input costs ease
  28 Nov 2022, theprint.com​​
  Ingka Group, the owner of most IKEA furniture stores, is planning additional price cuts as some input costs ease, its retail manager told Reuters on Monday, a reversal from price hikes introduced last year to counter soaring inflation…
• Retail Sales Jump As Shoppers Snap Up Black Friday Deals
  28 Nov 2022, bqprime.com​​
  Top executives that BQ Prime spoke with estimated Black Friday sales to be 20–50% higher than the pre-Covid period…
• Retail leasing gaining ground in India, to reach new heights by year-end
  28 Nov 2022, financialexpress.com​​
  Retail real estate players and mall developers are ecstatic about the windfall gains they are experiencing at the moment…
• German electronic manufacturing firm Hama enters India market
  28 Nov 2022, retail.economictimes.indiatimes.com​​
  Hama, manufacturer in various categories like gaming, computers, mobility, photo, video, audio, and multimedia, has signed pacts with Supertron Electronics Pvt Ltd., Creative Newtech Ltd and Limonics Distribution for pan-India distribution…
• Godrej’s furniture arm to add 100 stores annually
  28 Nov 2022, thehindubusinessline.com​​
  The furniture company is also developing 50 to 60 new products, and plans to launch them in five to six months, said Nagarkar…
• Black Friday gets Kolkata malls buzzing with bargain shoppers
  28 Nov 2022, retail.economictimes.indiatimes.com​​
  From New Town to Anwar Shah Road, Park Circus to Salt Lake City, Kolkatans have been making the most of the holiday weather, World Cup fever, wedding season and upcoming festivities for indulgent shopping. CT went mall-hopping over the weekend to get a slice of the action…
• Why slower growth could be good for India, according to some economists
  28 Nov 2022, livemint.com​​
  India’s annual economic growth is forecast to slow to about 6% for a few years, according to economists including from Goldman Sachs Group Inc. and Barclays Plc.. And they say that’s not such a bad thing…
• S&P cuts India’s FY23 GDP growth forecast by 30 bps to 7%
  28 Nov 2022, retail.economictimes.indiatimes.com​​
  ​​S&P Global Ratings on Monday revised India’s FY23 GDP growth forecast downwards by 30 bps to 7 per cent. For FY24, the forecast has been revised by 50 bps to 6 per cent…
• Contribution of new launches higher in Sept quarter in FMCG: Nielsen report
  28 Nov 2022, thehindubusinessline.com​​
  ​​Companies adopt different measures to rejig pricing strategies to win back consumers, including innovations in pack sizes, it said…
• Aditya Birla Group’s venture TMRW partners with 8 digital-first lifestyle brands
  28 Nov 2022, retail.economictimes.indiatimes.com​​
  ​​With these partnerships, TMRW aims to create a technology-led digital first ‘House of Brands’ business over the next several years. The company said it has already achieved a revenue run-rate of Rs 700 crore and is on a path to cross an annual revenue rate of Rs 1,500 crore in the next 12 months…
• Coming soon: Dabur India’s D2C portal
  28 Nov 2022, yourstory.com​​
  Dabur India is venturing into the D2C space by launching its own website, Dabur Shop. The FMCG major is eyeing Rs 100 crore revenue from the sale of digital-first brands by the end of FY23…
• Global apparel companies bounce back in India in style
  28 Nov 2022, retail.economictimes.indiatimes.com​​
  About half a dozen global apparel and lifestyle brands expanded anywhere between 30% and 70% to garner combined annual revenues of nearly $2 billion in FY22, reversing the performance from a year ago when Covid-induced curbs on mobility and business operations caused sales to shrink…
• Global apparel companies bounce back in India in style
  28 Nov 2022, economictimes.indiatimes.com​​
  About half a dozen global apparel and lifestyle brands expanded anywhere between 30% and 70% to garner combined annual revenues of nearly $2 billion in FY22, reversing the performance from a year ago when Covid-induced curbs on mobility and business operations caused sales to shrink…
• India may soon be the largest market for L’Oreal in Apac
  28 Nov 2022, retail.economictimes.indiatimes.com​​
  Across the Asia Pacific, Middle East and North Africa regions, the largest number of its consumers will come from India between now and 2030, a senior executive of cosmetics and beauty company L’Oreal said…
• Sales, footfall at Nexus malls exceed pre-Covid level
  28 Nov 2022, telegraphindia.com​​
  ‘I think people were a little tired of sitting at home. They were ordering food but now they are eating out at restaurants… Calcutta is a great market and we would want to be there’…
• Odisha: Govt eyes huge investments in textile sector
  28 Nov 2022, retail.economictimes.indiatimes.com​​
  The state government has made the textile and apparel industry a focus area for the Make in Odisha conclave with the aim to draw huge investments in the sector…
• FMCG makers encouraged by early trends from winter products, hopeful of rural growth in coming quarters
  28 Nov 2022, retail.economictimes.indiatimes.com​​
  Leading FMCG makers are witnessing encouraging trends from the initial pickup of their winter products portfolio, expect consumption to accelerate further as mercury dips, making them hopeful for growth from the rural areas. Makers such as Dabur, Emami and Marico are witnessing pickup in their winter-specific products portfolio ranging from skin care products to immunity products such as chyawanprash and honey…
• Acropolis Presents “Kolkata Fries” – the favourite fried food festival of Kolkata
  27 Nov 2022, thetimesofbengal.com​​
  Kolkata , the city of joy is known for its quintessential soft corner for chop and cutlets- the traditional fried food items- Bengali die for. To leverage this, Acropolis Mall, India’s one of the premium malls has brought “Kolkata Fries”- the mouth watering fried food festival. The festival will continue till November 27 coinciding with Black Friday Sales- phenomenal sales boosting activity originated in USA …
• Here’s how Zomato is increasing sale using regional languages
  27 Nov 2022, livemint.com​​
  Zomato, an online food delivery service, has announced that its app will now be available in Hindi and other regional languages such as Gujarati, Kannada, Bengali, Malayalam, Punjabi, Marathi, Tamil and Telugu…
• Handicrafts sector plays a significant & important role in the country’s economy: Centre
  27 Nov 2022, livemint.com​​
  The office of the development commissioner (handicrafts) has been implementing the scheme of national awards for master craftspersons since 1965 and Shilp Guru Awards was introduced in 2002…
• From wine to fishing tackle, retailers pray Advent calendars draw in shoppers
  27 Nov 2022, retail.economictimes.indiatimes.com​​
  The calendars traditionally mark every day in December of Advent, a time of reflection for Christian believers and of preparation for the Nativity and expected return of Jesus Christ…
• Fake online reviews: New guidelines and how will they benefit consumers
  27 Nov 2022, retail.economictimes.indiatimes.com​​
  On Monday (November 21), the government announced new standards after constituting a committee on checking fake and deceptive reviews on June 10 earlier this year. The new standard titled “IS 19000:2022” under the Bureau of Indian Standards (BIS) mandates platforms to have review administrators to moderate reviews to filter (using tools or manually) biased or fraudulent reviews…
• Brands jump on to Black Friday bandwagon, extend sale period
  26 Nov 2022, economictimes.indiatimes.com​​
  Electronic goods and smartphone makers, ecommerce platforms, grocery stores, fashion brands, restaurants and cafes, multiplexes, hotels and malls clambered aboard the Black Friday bandwagon…
• Turtle Ltd opens its first store in Hyderabad
  26 Nov 2022, newindianexpress.com​​
  Apparel retail store, Turtle Ltd, opened its first store in Hyderabad and its 150th store in India in Sarath City Capital Mall, Gachibowli on Friday…
• Nykaa records 75% GMV growth, 12 times jump in revenue on Day 1 of Pink Friday sale
  26 Nov 2022, retail.economictimes.indiatimes.com​​
  “Nykaa Pink Friday Sale has delivered a 75 per cent growth in GMV compared to the previous year. With over 400 orders recorded every minute on Day 1 this year, the total order volume reached 8 lakhs,” Nykaa spokesperson said…
• Brands jump on to Black Friday bandwagon, extend sale period
  26 Nov 2022, retail.economictimes.indiatimes.com​​
  Electronic goods and smartphone makers, ecommerce platforms, grocery stores, fashion brands, restaurants and cafes, multiplexes, hotels and malls clambered aboard the Black Friday bandwagon. Many are extending the sale period over the weekend to the start of next week or Cyber Monday, originally coined for ecommerce sales…
• Reliance Retail to open store chain for India’s artisans with ‘Swadesh’
  26 Nov 2022, retail.economictimes.indiatimes.com​​
  According to the sources, Reliance plans to partner with the state governments to promote artisanal products and also take ‘Swadesh’ global. It has already signed an agreement with the West Bengal government for this…
• Offline, online sales soar as shoppers clamour for best Black Friday deals
  25 Nov 2022, business-standard.com​​
  Retail brands and malls expect sales to grow by as much as 50% this time over the 2019 figures, when Black Friday as a concept began gaining momentum in India…
• How India’s growing Aviation is fuelling growth in Real Estate
  25 Nov 2022, timesofindia.indiatimes.com​​
  Historically, infrastructure and real estate feed into each other. Large-scale infrastructure projects such as ports and railway corridors were marked by townships in the vicinity and growth in commercial catchments…
• Kajal Aggarwal Invests in T.A.C. -The Ayurveda Company
  25 Nov 2022, indianretailer.com​​
  Bollywood and Tollywood actress Kajal Aggarwal has led the latest $15 million funding round of The Ayurveda Co. (T.A.C.) as the direct-to-consumer (D2C) Ayurveda brand has raised its Series A funding round, the company said in a press release…
• Grab a deal at Acropolis Mall’s Black Friday Sale from November 25 to 28
  25 Nov 2022, indianretailer.com​​
  Acropolis Mall is celebrating the spirit of the American holiday sale — Black Friday — right here in the city from November 25 to 28. Brands like Shoppers Stop, Croma, AND, Biba, Bata, VIP, Body Shop, Nykaa, Color Bar have offers that will make your shopping experience rewarding…
• Fabindia Expands Offline Presence, Opens Largest Experience Center in India
  25 Nov 2022, indianretailer.com​​
  Fabindia, one of India’s leading homegrown brands for handmade products made by artisans using traditional craft techniques for modern-day living, has just unveiled its largest Experience Center to date in India…
• Emerging Realty Hotbeds in Gurugram, for End-use and Investment
  25 Nov 2022, aninews.in​​
  Emerging Realty Hotbeds in Gurugram, for End-use and Investment…
• Delhi: 200 eateries given licences for open-air dining in a week
  25 Nov 2022, retail.economictimes.indiatimes.com​​
  The Municipal Corporation of Delhi (MCD) issued an order on November 3 allowing restaurants and eateries to apply for the licence…
• Tea demand drops 10.35% during Sale-47 this week, Darjeeling leaf scores gain
  25 Nov 2022, livemint.com​​
  The total demand for all categories of teas declined by 10.35 per cent during Sale-47, Calcutta Tea Traders Association data (CTTA) said on 25 November. The Sale-47 was held from November 22 to 24…
• OPINION- Luxury’s foray into digital commerce: future or fad?
  25 Nov 2022, retail.economictimes.indiatimes.com​​
  Luxury sales in India are expected to grow to $7.74 billion in FY23 thanks to a strong recovery from the pandemic and growing demand from consumers in tier 2 cities and gen Z. Most of this emerges from offline retail but the contribution of online sales grew from 3.5 % in 2017 to 6.5% in 2021…
• Indian retailers are set for global acquisition
  25 Nov 2022, thehindubusinessline.com​​
  Fears over FDI in retail are overblown. Metro AG’s success in understanding India’s complexities shows the way forward…
• India to grow at ‘moderately brisk rate’, inflation to ease: Finance ministry
  25 Nov 2022, retail.economictimes.indiatimes.com​​
  India is well placed to grow at a “moderately brisk rate” in the coming years on the back of macroeconomic stability, despite global monetary tightening, a finance ministry report said on Thursday…
• IKEA stores owner Ingka’s annual operating profit rises 9%
  25 Nov 2022, retail.economictimes.indiatimes.com​​
  The world’s biggest furniture retailer said operating profit in the 12 months through August was 2.04 billion euros ($2.12 billion), on sales growth of 6%. It had in March predicted price increases would average 12% in the year…
• Now showing. PVR Cinemas sets next pace for growth across tier-1, -2 cities
  25 Nov 2022, thehindubusinessline.com​​
  The company plans to unveil 100 screens every year, says Sanjeev Kumar Bijli, Joint Managing Director…
• Suniel Shetty Introduces Men’s Jewelry Brand, MetaMan
  25 Nov 2022, business-standard.com​​
  Bollywood actor Suniel Shetty officially launched India’s first exclusive men’s jewelry brand, MetaMan on International Men’s Day; along with its debut collection, which represents a true blend of natural ruggedness and new-age sophistication…
• PVR Cinemas opens first ever IMAX superplex at Lulu Mall in Kerala
  25 Nov 2022, business-standard.com​​
  Explaining expansions plans in south India, Joint MD of PVR Ltd, Sanjeev Kumar Bijli said by next year, total 31 screens will be opened in Bengaluru while 5 more screens will be launched in Chennai…
• Sustainability for 60% Indian businesses is driven by regulatory threat: Study
  25 Nov 2022, livemint.com​​
  The study has also revealed that although the significance of sustainability is well understood, much work remains to be done to ensure sustainability ambition translates into action…
• Exporters demand fiscal incentives, credit at affordable rates in Budget
  25 Nov 2022, retail.economictimes.indiatimes.com​​
  In a pre-budget virtual meeting with Finance Minister Nirmala Sitharaman, the Federation of Indian Export Organisations (FIEO) said the depreciation of the rupee against the US dollar is affecting exports’ competitiveness and the sector requires more support…
• Amazon-Samara-owned retail chain More Retail’s net loss jumps 4 times in FY22 at Rs 402 crore
  25 Nov 2022, retail.economictimes.indiatimes.com​​
  The Amazon and Samara Capital-owned retailer, which plans its initial public offering (IPO) over the next 12-18 months, reported earnings before interest, tax, depreciation and amortisation (Ebitda) loss of Rs 83 crore in 2021-22 against Ebitda of Rs 196 crore in FY21, as per its latest regulatory filings to the Registrar of Companies (RoC)…
• ‘Zomato will become more aggressive than Swiggy’
  25 Nov 2022, retail.economictimes.indiatimes.com​​
  Investment firm Jefferies has said in a research note that Zomato will become aggressive in the coming months in an attempt to drive growth. It noted that Zomato’s rival Swiggy might drop its aggressive stance in the food delivery market in order to reduce its losses…
• Birla Fashion may pay Rs 100 crore for majority stake in Bewakoof
  25 Nov 2022, retail.economictimes.indiatimes.com​​
  Firms sign non-disclosure deal; D2C firm’s team to join Aditya Birla’s new firm, say sources…
• Levi’s Expands Product Portfolio, Unveils Winter Collection
  24 Nov 2022, indianretailer.com​​
  As a California brand, Levi’s is deeply in touch with the West Coast lifestyle. But “West” doesn’t always mean beaches and sunshine. Mountains, forests, valleys, and lakes are a major part of the region as well. It’s a place where nature is right at your doorstep, and where an outdoor life means dressing for both comfort and style. For those who do, there’s a new Levi’s collection called Levi’s Gold Tab…
• Nike Opens Bigger, Better, and Bolder Sporting Hub in Delhi
  24 Nov 2022, indianretailer.com​​
  Nike and retail partner, Camp India Pvt Ltd., is set to unveil the capital city’s pinnacle expression of sport and wellness, Nike Delhi at Select CITYWALK on November 23. The store, which has served fitness enthusiasts who live, work, and play in South Delhi’s Saket District for the past 15 years, brings a renewed focus on women and member services to inspire Delhi-ites to make sport a daily habit…
• KDM Aims for Make in India, Make for the World
  24 Nov 2022, indianretailer.com​​
  Supporting the government’s Make in India initiative, Mumbai-based leading consumer lifestyle and premium mobile accessories brand KDM has chalked out ambitious plans including the idea of ‘Make in India, Make for World’, thereby promoting self-reliance in mobile accessories…
• XYXX Expands Offline Retail Presence, Opens First Mall Store in Mumbai
  24 Nov 2022, indianretailer.com​​
  XYXX, a leading men’s premium innerwear and lifestyle label crafting apparel for the discerning Indian man strengthen its offline retail presence with the launch of its first-ever exclusive Brand Outlet. ..
• Homegrown brands are expanding, despite new international names: Nexus Malls’ CEO Sehgal
  24 Nov 2022, deccanherald.com​​
  Investment firm Blackstone Inc-backed Nexus Malls filed draft papers for an initial public offering (IPO) with the market regulator Securities and Exchange Board of India (SEBI) last week, a first by an Indian retail real estate investment trust (REIT)…
• Pluckk to enter Delhi-NCR in branded fruits and vegetables
  24 Nov 2022, indianretailer.com​​
  The direct to consumer venture, launched in January this year, has now been clocking a revenue of about ₹3-3.5 crore per month…
• India Becoming a Retailing Hotspot for Global Fashion Brands
  24 Nov 2022, indianretailer.com​​
  The crowded markets and malls have prompted many international brands to tilt their spotlight to India since post-Covid markets recovery seems to be at an all-time high for retail brands…
• India headed for slower growth next year: Moody’s
  24 Nov 2022, retail.economictimes.indiatimes.com​​
  A recession is unlikely in the APAC region in the coming year, although the area will face headwinds from higher interest rates and slower global trade growth, Moody’s Analytics said on Thursday. In its analysis titled ‘APAC Outlook: A Coming Downshift’, Moody’s said India is headed for slower growth next year more in line with its long-term potential…
• How to turn Black Friday into big profits for your retail or e-commerce business?
  24 Nov 2022, retail.economictimes.indiatimes.com​​
  Black Friday, rightfully originating in the USA, is possibly one of the greatest tributes to consumerist culture. This 24-hour flash sale falls on the day after Thanksgiving. From big box stores to smaller mom-and-pop businesses, participating retailers offer heavily discounted merchandise that shoppers queue to grab…
• Meesho strengthens its tech leadership team, appoints Divyesh Shah as VP of engineering
  24 Nov 2022, retail.economictimes.indiatimes.com​​
  The latest appointment will strengthen Meesho’s tech leadership team as the company looks to onboard more users and increase its presence in India’s underserved markets, the release read. Earlier this year, the company announced the appointment of Debdoot Mukherjee as its chief data scientist…
• Udaan raises $35-40 million from Temasek & DBS backed EvolutionX
  24 Nov 2022, retail.economictimes.indiatimes.com​​
  With the latest investment, the total funds raised by Udaan in the last four quarters have reached USD 400 million…
• Tata Consumer Products, Ramesh Chauhan in discussions for sale of Bisleri: Report
  24 Nov 2022, retail.economictimes.indiatimes.com​​
  Tata Consumer Products Limited (TPCL) is all set to acquire Bisleri International, the Economic Times reported on Thursday, citing the packaged water maker’s chairman Ramesh Chauhan. The deal is estimated to be somewhere in the range of Rs 6,000 crore to Rs 7,000 crore, the report said…
• From Bath & Body Works to Samsung, the biggest Black Friday deals in India
  24 Nov 2022, cnbctv18.com​​
  As the fourth Friday of November approaches, so do big discounts and exciting deals for shoppers. Black Friday is the immediate Friday after Thanksgiving…
• Pre-Engineered Buildings: The need of the hour to fulfil the burgeoning space demand quickly
  24 Nov 2022, financialexpress.com​​
  According to KMPG, the industry faced a daily loss of Rs 30,000 crore during the covid-induced lockdowns. Besides, it also witnessed 13 to 30% reduction in investment…
• Pubs, eateries bank on FIFA World Cup to lift consumption
  24 Nov 2022, livemint.com​​
  Eateries and pubs as well as liquor companies are hoping the ongoing FIFA World Cup 2022 will boost sales as football fans step out and watch the sporting event in groups…
• Garnier aims to grow India to its top 5 markets; focus on skincare category: Adrien Koskas, global brand president
  24 Nov 2022, retail.economictimes.indiatimes.com​​
  “For us, the skincare market, which is very competitive in India, is the priority to grow,” Koskas commented…
• GKB Opticals expands retail presence in Mumbai
  23 Nov 2022, indianretailer.com​​
  India’s leading optical retail chain GKB Opticals has strengthened its retail presence with the addition of a new store in the city of Mumbai…
• Fabcurate Eyes Rs 20 cr Turnover for FY22-23
  23 Nov 2022, indianretailer.com​​
  India’s leading online fabric store Fabcurate has announced a growth of 40 percent in the total revenue of the company (Rs 16 crore) for the financial year 2021-22. The company was incorporated in the year 2020 and recorded a turnover of Rs 7 crore in the very first year of its inception. For the current FY 2022-23, the company is eyeing to clock Rs 20 crore revenue with expected growth of around 30 percent…
• JustMyRoots Offers Fresh Exotic Freshwater and Seawater Catch from Bhubaneswar
  23 Nov 2022, indianretailer.com​​
  JustMyRoots offers a wide spread of freshwater catches straight from Chilika Lake, Odisha to the consumer’s doorstep…
• Mane Invests €23 mn to Strengthen India Operations
  23 Nov 2022, indianretailer.com​​
  Mane Group, a global manufacturer of fragrance and flavors from France, has announced an investment of €23 million (more than Rs 190 crores) in the two new facilities that comprise its second and largest manufacturing unit for fragrance and flavors in Gujarat, and the advanced Innovation Centre exclusively for flavors in Hyderabad…
• Meesho to Democratize Internet Commerce with ONDC
  23 Nov 2022, indianretailer.com​​
  Meesho has announced its integration with the government’s Open Network for Digital Commerce (ONDC) to help connect buyers with hyperlocal sellers and support India’s vision of creating an inclusive e-commerce ecosystem…
• Baccarose Brings Diego dalla Palma to India
  23 Nov 2022, indianretailer.com​​
  Founded in Italy, Diego dalla Palma has announced its foray into the Indian market with its quirky, colorful, and premium make-up range. The Italian brand will be available online on Parcos’ official website and its retail outlets among other e-commerce platforms and retail outlets across the country…
• How are Beauty-Focused Platforms Changing The Retail Game in India
  23 Nov 2022, indianretailer.com​​
  Over the past decade, digitalization has changed almost every industry in the world. It is, therefore, natural to wonder how this has affected the beauty industry in so many ways, from developing more creative marketing strategies to promoting it on various platforms to fostering trusting relationships with clients…
• Statiq partners Nexus Malls to deploy EV chargers across India
  23 Nov 2022, financialexpress.com​​
  Over the last year, Statiq has launched numerous charging stations to reinforce its network…
• Statiq to Install EV Charging Stations in Multiple Malls in India
  23 Nov 2022, indianautosblog.com​​
  Statiq has teamed up with Nexus Malls to set up EV chargers in the parking lots of all their 17 malls across India. This collaboration will bolster EV charging facilities across the country at prime locations, thus helping multitudes of EV users. Nexus Malls has 17 malls across 13 cities such as Chandigarh, Amritsar, Mumbai, Pune, Mangalore and more in its ambit…
• Swiggy’s food delivery arm GMV grows to $1.3 bn in six months of ’22: Prosus
  23 Nov 2022, livemint.com​​
  Food tech major Swiggy has seen grwoth in its total sales and order volume in the first six months of current year, according to a report by Prosus, one of company’s biggest investor…
• Chinese smartphone brands press pause on next year’s plans
  23 Nov 2022, retail.economictimes.indiatimes.com​​
  Smartphone brands begin their planning and projections for the next year from October-November, said Navkendar Singh, associate vice president, IDC India. “Right now, there are a lot of uncertainties in the (Chinese) companies. Nobody is committing to what sort of investment in marketing and distribution will happen next year.”…
• Karnataka: Prices of milk, curd to be increased from tomorrow. Details here
  23 Nov 2022, livemint.com​​
  The rising inflation is leaving impacts on the Indian market as the Karnataka Milk Federation (KMF) on Wednesday decided to increase the price of Nandini brand of milk (per liter) and curd (per kg) by Rs. 2, which will be effective from Thursday…
• Kerala: Liquor price to go up as state govt raises sales tax by 4%
  23 Nov 2022, livemint.com​​
  As the Kerala government decided to raise the sales tax on liquor by 4%, the price of Indian Made Foreign Liquor (IMFL) is expected to increase in the coming days…
• Global economy slows, but seems set to avoid recession
  23 Nov 2022, livemint.com​​
  The global economy is slowing as a turbulent 2022 draws to a close, but economists don’t expect it to slide into recession, even if some of the world’s biggest countries do…
• Plurality of players is a win-win for businesses and customers: Arzooo CEO Khushnud Khan
  23 Nov 2022, thehindubusinessline.com​​
  The beginning of the end of deep discounting will help online and offline players compete on an even keel, says Khushnud Khan…
• Xiaomi revenue falls in third quarter as COVID-19 controls bite
  23 Nov 2022, retail.economictimes.indiatimes.com​​
  Sales in the third quarter reached 70.17 billion yuan ($9.81 billion), down from 78.063 billion yuan the same quarter a year ago, slightly missing analyst expectations of 70.52 billion yuan…
• Online retail will continue to flourish despite offline retail picking: Dhiraj Gupta of mFilterIt
  23 Nov 2022, bestmediainfo.com​​
  In the aftermath of the pandemic, offline retail channels have been gaining momentum for some time now as a sense of normalcy has kicked in, but consumers still prefer shopping online from e-commerce platforms, says Dhiraj Gupta, Co-founder and CTO, mFilterIt…
• The Bharat Playbook: Britannia, Nestle improve their rural game, more focus on direct reach
  23 Nov 2022, financialexpress.com​​
  Britannia has appointed 28,000 rural preferred dealers (RPD), leading to consistent market share gains, it said during its September quarter earnings…
• Economists see Q2 GDP growth at median 6.45%
  23 Nov 2022, retail.economictimes.indiatimes.com​​
  The median of the 10 economists’ forecasts for the quarter was 6.45%. Gross domestic product (GDP) grew 13.5% in the first quarter of FY23, boosted by the low base a year ago. The waning base effect – 8.4% growth in the second quarter of FY22 – would have pushed down the July-September number this year…
• Dunzo to Zepto, quick commerce deliveries may not be as fast in future
  23 Nov 2022, financialexpress.com​​
  As Naveen Malpani, partner, Grant Thornton Bharat, pointed out that with a limited basket size, multiple players competing in a limited catchment area and high costs of operations, profits are some time away…
• Sportswear from India’s Tirupur to Qatar World Cup 2022
  23 Nov 2022, retail.economictimes.indiatimes.com​​
  As per the Omanobserver, Tirupur in Tamil Nadu started out as a knitwear cluster but has since completely changed into the nation’s centre for worldwide textile manufacture…
• Men’s innerwear brand XYXX targets Rs 240 crore revenue this fiscal as it strengthens offline presence
  23 Nov 2022, retail.economictimes.indiatimes.com​​
  Recently, the innerwear brand launched its first brand outlet at Phoenix Marketcity Mall in Mumbai. Further, it has plans to expand in tier 1 and 2 markets including Indore and Surat…
• ‘We saw slight resurgence in entry-level products this Diwali, mass consumers coming back,’ says Vijay Sales director
  23 Nov 2022, retail.economictimes.indiatimes.com​​
  “Margins have always been under pressure in our industry. Off late, since online and other players have become very aggressive, margins are at a pressure point and I think it will continue to be under pressure for the next 2-3 years.”…
• Parle crosses $2 billion in sales during FY22
  23 Nov 2022, retail.economictimes.indiatimes.com​​
  The biscuit maker posted a 9% increase in net sales at Rs 16,202 crore while profit slipped 81% to Rs 256 crore during the year ended March. A year ago, it had sales of Rs 14,923 crore and profit of Rs 1,366 crore, according to the company’s filing to the Registrar of Companies…
• Adapting airport retail design: Haldiram’s Delhi store by groupDCA
  22 Nov 2022, hotelierindia.com​​
  With the theme to establish an airport like atmosphere in the interiors, groupDCA designed this 7211 sqft space like an arcade of retail seen in the airports, which are devoid of physical barriers, but having suspense and mystery to guess what’s next…
• Rupa & Company will open 16 EBOs
  22 Nov 2022, apparelresources.com​​
  Leading innerwear and casualwear brand Rupa & Company Ltd., will open 16 exclusive brand outlets (EBOs) in next four months…
• Hungama HiLife G1 Smartwatch Will Be Set for Grabs Offline Exclusively at TATA Croma Across Its Retail Stores in India
  22 Nov 2022, devdiscourse.com​​
  This Made in India product is making its debut offline exclusively in TATA Croma stores Mumbai, Maharashtra, India Business Wire India Hungama, Indias leading digital entertainment company, recently began their journey of exploring contemporary smartwatches through the G1 watch, available under their brand of lifestyle products, HiLife…
• FMCG demand likely to recover in second half of FY23: report
  22 Nov 2022, livemint.com​​
  Demand for fast moving consumer goods is expected to recover in the second half of the current financial year, said analysts…
• Welspun India expects revenue to cross Rs 15,000 crore in FY26
  22 Nov 2022, retail.economictimes.indiatimes.com​​
  Overall, Welspun India said, “FY26 expected to be upwards of Rs 15,000 crore at a CAGR (Compound Annual Growth Rate) of 24 per cent (over FY23 expected).”…
• IITF opens doors for small businesses, startups to reach new customers
  22 Nov 2022, retail.economictimes.indiatimes.com​​
  The 41st India International Trade Fair is being organised from November 14 to 27, 2022, at Pragati Maidan and all states are showcasing their progressive strides in various fields…
• Nykaa block deal: Lighthouse India Fund sells stake for 336 cr; BofA, Morgan Stanley buy
  22 Nov 2022, livemint.com​​
  As per the block deal data on BSE, Lighthouse India Fund III offloaded more than 1.84 crore equity shares in Nykaa at a price of ₹182 per share — amounting to approximately ₹335.72 crore…
• Bira 91 raises $70 million from Japanese beer company Kirin Holdings
  22 Nov 2022, retail.economictimes.indiatimes.com​​
  Premium beer company Bira 91 on Tuesday announced it has raised $70 million(approximately Rs 570 crore) in Series D funding, led by leading Japanese beer firm Kirin Holdings…
• Nykaa CFO Arvind Agarwal resigns
  22 Nov 2022, retail.economictimes.indiatimes.com​​
  ​​”This is to inform you Mr Arvind Agarwal, Chief Financial Officer of FSN E-Commerce Ventures Limited (“the Company”) will be leaving the Company, effective close of business hours on November 25, 2022, to pursue other opportunities in the digital economy & start-up space,” Nykaa said in a BSE filing…
• India’s uniqueness could make it the biggest market for us: Uniqlo’s Sei
  22 Nov 2022, outlookindia.com​​
  As Uniqlo’s India CEO Tomohiko Sei told FE in an interaction, India is big on the brand’s radar, with a potential to becoming its largest market as well as production centre…
• Kamal Haasan’s Fashion Line KH House Of Khaddar Steps Into The Retail Space
  22 Nov 2022, outlookindia.com​​
  Kamal Haasan’s massive success in the direct-to-consumer online market has prompted the team to expand into retail in India. KH House of Khaddar will now be available at ‘Collage’, a boutique store in Chennai…
• Zepto’s monthly sales currently double that of entire FY22, says CEO Palicha
  22 Nov 2022, financialexpress.com​​
  The startup has generated a total revenue of Rs 142.4 crore in FY22, while its revenue from operations stood at Rs 140.7 crore…
• L’Oreal appoints Aseem Kaushik as India Managing Director
  22 Nov 2022, retail.economictimes.indiatimes.com​​
  Kaushik has been with the company for 27 years and held several leadership positions within the group. Most recently, he led international teams in PPD (Professional Products Division)…
• How e-com giant Flipkart is powering India’s retail growth story
  21 Nov 2022, hindustantimes.com​​
  LuxuryIn an exclusive conservation with Hindustan Times, Rajneesh Kumar, Senior Vice President and Chief Corporate Affairs Officer, Flipkart, shared his perspective on India’s e-commerce ecosystem and how players such as Flipkart have acted as catalysts for change..
• What is pulling world’s ultra-luxury brands to India?
  21 Nov 2022, livemint.com​​
  Luxury brands are chasing growth in India, as well-heeled shoppers and local partners with deep pockets throw up opportunities in the market…
• Arvind and PurFi Global form joint venture to reduce textile waste
  21 Nov 2022, retail.economictimes.indiatimes.com​​
  PurFi’s technology creates a circular solution that rejuvenates textile waste into virgin quality fibres, a joint statement said. This will process textile wastes — white cotton, coloured cotton, denim and synthetics — into virgin-like fibres for reuse from two lines, where each line will have a 5,500-tonne capacity per year with plans to expand over the next five years…
• Rupa & Co to strengthen retail footprint by setting up EBOs
  21 Nov 2022, retail.economictimes.indiatimes.com​​
  Rupa & Co looks to strengthen its focus on modern trade channels even as it looks to grow its turnover…
• Shadowfax to facilitate same-day delivery service for D2C brands
  21 Nov 2022, retail.economictimes.indiatimes.com​​
  Praharsh Chandra, cofounder and CBO of the company said, “The service enables a unique, never seen before mix of hyperlocal hub along with spoke logistics aided with air movement which gives D2C brands a super-fast experience to the consumer at a great cost.”…
• Delhi: Desi craft to electronics, all in demand at this trade fair
  21 Nov 2022, retail.economictimes.indiatimes.com​​
  Slippers from Kerala made of coir, eco-friendly and light neck pieces from Kolkata, lamp shades with charma kalamkari art from Karnataka and a lint removing machine are among the attractions at the 41st India International Trade Fair at Pragati Maidan. The fair, which began on November 14 for business visitors, opened for the public from Saturday…
• Tata Cliq Luxury plans large-scale Black Friday sale starting Nov 23
  21 Nov 2022, business-standard.com​​
  Tata CLiQ Luxury, the premier luxury lifestyle platform, is hosting its annual Black Friday Sale from November 23 to November 28, 2022. The sale will have offers on global and Indian luxury and premium brands…
• India’s food service market to reach USD 79.65 bn by 2028: Report
  21 Nov 2022, retail.economictimes.indiatimes.com​​
  Despite over 20 lakh jobs lost during the peak of the COVID-19 pandemic, the industry is expected to reach employment figures of 1 crore by 2025, as per the Food Service and Restaurant Business Report 2022-23, by Francorp and restaurantindia.in…
• Tata Consumer strengthens its green tea portfolio under Tetley
  21 Nov 2022, retail.economictimes.indiatimes.com​​
  Puneet Das, President, packaged beverages, India & South Asia, TCPL said that the brand’s strategy is to differentiate and build relevance for the green tea category and grow the overall pie. “It’s not so much about market share. It is about expanding the pie of green tea.”…
• Tim Hortons plans to open 120 stores in next 3 years
  21 Nov 2022, retail.economictimes.indiatimes.com​​
  At present, Tim Hortons has six stores — five in Delhi-NCR and one in Chandigarh, and by December, three more stores will be opened, Gurnaney noted. “We’re currently focused on the north, which is Delhi and Punjab but by early summer, late spring, we will be in Mumbai, Pune, Surat and Ahmedabad. There will be some off-highway locations. We are actually considering a few different locations in Bangalore,” the CEO said…
• Yandex buys up remaining IKEA Russia inventory
  21 Nov 2022, retail.economictimes.indiatimes.com​​
  Yandex signed binding documents on Nov. 16 to buy more than 20 million IKEA products, from furniture to stuffed toys, left over from the final online sale this summer, it said, adding that it will start selling the items before the end of the year…
• How Burberry can take on LVMH
  21 Nov 2022, livemint.com​​
  New Burberry Group’s chief executive officer Jonathan Akeroyd and its highly regarded creative director Daniel Lee have an opportunity to create a British rival to France’s LVMH Moet Hennessy Louis Vuitton SE in the global market for luxury products…
• No prospect of recession in India, economy to grow 6-7 pc in next fiscal: Rajiv Kumar
  21 Nov 2022, retail.economictimes.indiatimes.com​​
  Kumar further said there is a synchronized downturn in the US, Europe, Japan and also in China and that could take the global economy into a recession in the coming months…
• Deloitte expects India to post 6.5-7.1 pc growth in current fiscal
  21 Nov 2022, retail.economictimes.indiatimes.com​​
  Despite the Reserve Bank of India (RBI) raising interest rates by 1.9 percentage points since April 2022, inflation has remained above its tolerance range for over 9 months now…
• Govt to publish frameworks to check fake reviews on e-commerce websites next week
  21 Nov 2022, retail.economictimes.indiatimes.com​​
  Since e-commerce involves a virtual shopping experience without any opportunity to physically view or examine the product, consumers heavily rely on reviews posted on platforms to see the opinion and experiences of users who have already purchased the goods or services…
• Mother Dairy hikes full-cream milk price by Re 1 per litre; token milk by Rs 2 per litre in Delhi-NCR
  21 Nov 2022, retail.economictimes.indiatimes.com​​
  This is the fourth round of hike in milk prices this year by Mother Dairy, one of the leading milk suppliers in Delhi-NCR with volumes of more than 30 lakh litres per day…
• Shop, eat, play and chill: Best shopping malls in Bengaluru’s Whitefield that make it a happening hub
  20 Nov 2022, timesnownews.com​​
  Whitefield in the eastern part of Bengaluru has some of the best shopping malls in the entire city. From Nexus to Phoenix and more, these malls offer unique shopping, dining as well as gaming experiences…
• Breather for Bombay Dyeing
  20 Nov 2022, thehindubusinessline.com​​
  Bombay Dyeing and Manufacturing Company earned a reprieve after the Securities Appellate Tribunal, Mumbai, said it was okay if the company did not consolidate the results of SCAL Services, a company in which it holds 19 per cent…
• Zepto incurs Rs 390-cr loss in first year of ops
  20 Nov 2022, financialexpress.com​​
  Zepto operates dark stores or micro fulfilment centres in about 10 cities delivers groceries to customers. The company had earlier said it was adding about 0.1 million users every day…
• Licious expects Rs 1,500 cr revenue in 12 months, IPO not before 2025-26: Co-founder Vivek Gupta
  20 Nov 2022, retail.economictimes.indiatimes.com​​
  The company, which serves 28 Indian cities, including Bangalore, Hyderabad, Delhi-NCR, Chandigarh, Mumbai, Pune, Chennai and Kolkata, through its online channel, is also looking to have presence through offline retail stores besides expanding its product offerings…
• India to be world’s 2nd largest economy by 2050, to add a trillion dollar to GDP every 12-18 months: Gautam Adani
  19 Nov 2022, retail.economictimes.indiatimes.com​​
  Speaking at the 21st World Congress of Accountants in Mumbai, Adani said as both, domestic companies and multinationals take advantage of India’s market size, we will need stronger mandates wherein corporates are compelled to rise to the challenge of enabling a social structure that recognizes the core of our culture and is aligned with our national needs…
• Gap beats quarterly estimates on steady demand for formal clothing
  19 Nov 2022, retail.economictimes.indiatimes.com​​
  People are preferring more formal clothing, dresses, woven tops and pants, shelving casual wear like t-shirts and shorts as they return to travel, work and social occasions after two years of pandemic-induced restrictions…
• What is pulling world’s ultra-luxury brands to India?
  19 Nov 2022, livemint.com​​
  Luxury brands are chasing growth in India, as well-heeled shoppers and local partners with deep pockets throw up opportunities in the market…
• Retail inflation for farm, rural eased marginally to 7.22%, 7.34% in October
  19 Nov 2022, retail.economictimes.indiatimes.com​​
  Food inflation stood at 7.05 per cent and 7 per cent in October 2022 compared to 7.47 per cent & 7.52 per cent respectively in September 2022 and 0.39 per cent & 0.59 per cent respectively during the corresponding month of the previous year…
• Blue Dart sets up 25 retail outlets in Tier-I, II towns
  19 Nov 2022, retail.economictimes.indiatimes.com​​
  These stores have opened in Uttarakhand, Haryana, Uttar Pradesh, Rajasthan, Punjab, West Bengal, Odisha, Telangana, Andhra Pradesh, Kerala, Karnataka, Maharashtra, Goa, and Gujarat, Blue Dart said in a statement…
• Zomato co-founder Mohit Gupta resigns, third high-profile exit in recent days
  19 Nov 2022, retail.economictimes.indiatimes.com​​
  Gupta said the journey to build a world class tech business out of India, for India (and then maybe the world) is still on…
• As shoppers return, retailers open more stores
  18 Nov 2022, livemint.com​​
  Large retailers, including Aditya Birla Fashion and Retail Ltd, and Devyani International, plan to continue to open stores at a brisk pace through the rest of the fiscal year after adding record stores in the September quarter as shoppers throng malls and stores, returning to normal patterns of behaviour…
• Blackstone-backed Nexus files for $500 million IPO in India’s 1st retail REIT public offer
  18 Nov 2022, retail.economictimes.indiatimes.com​​
  As per the sources, Nexus Select Trust has on Thursday filed the Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) and is looking to hit the capital market with India’s first retail REIT (Real Estate Investment Trust) public issue in the first half of the 2023 calendar year…
• Analysts raise concern over Nykaa’s ‘unethical’ bonus plan
  18 Nov 2022, thehindubusinessline.com​​
  Nykaa’s 5:1 bonus issue that averted a steep stock price fall is now being criticised as an ‘unfriendly’ move for the company’s existing investors who purchased shares last year during the IPO. Experts are of the view that due to the bonus issue, those holding the shares for the past one year are staring at a higher tax outgo…
• Homegrown brands dominate the truly wireless earbud segment as shipments double in India
  18 Nov 2022, businessinsider.in​​
  The True Wireless Stereo (TWS) earbuds industry in India has received a huge boost as the shipments in Q3 2022 have doubled year-on-year. An early festive season, new launches, and discounts, among other factors, have boosted the numbers…
• Economy resilient, but sensitive to global headwinds: RBI article
  18 Nov 2022, retail.economictimes.indiatimes.com​​
  The article published in the latest RBI bulletin also said the outlook for the global economy remains clouded with downside risks. Global financial conditions have been tightening and deteriorating market liquidity is amplifying financial price movements…
• R CITY is hosting larger-than-life ‘Wedding Fest’ till 27th Nov
  18 Nov 2022, mid-day.com​​
  This three-week-long wedding festival is a one-stop destination for couples looking forward to celebrating their big day in style…
• Footwear sales hint at a shift in taste
  18 Nov 2022, financialexpress.com
  ​​Relaxo Footwear, which is primarily into affordable category slippers, sandals and sports & casual shoes posted its worst performance in the last 10 quarters, dragged down by high raw material cost, price cuts, and general demand weakness, for the quarter ended September 30…
• Godrej Yummiez aims to become Rs 200 crore brand, record growth upwards of 30% in FY23
  18 Nov 2022, retail.economictimes.indiatimes.com
  ​​Commenting on brand growth, Abhay Parnerkar, CEO, Godrej Tyson Foods said, “We are seeing high growth on the back of innovation and investment in capacity building that we did in 2018. By the end of the year, we aim to achieve upwards of 30% growth and a brand value of Rs 200 crore plus.”…
• E-comm firms sale grew 25% to Rs 76,000 crore during festive season YoY basis:Redseer
  18 Nov 2022, retail.economictimes.indiatimes.com
  ​​ “We predicted about Rs 83,000 crore but at the end it reached to Rs 76,000 crore GMV (gross merchandise value) which is 8-9 per cent lower than our initial prediction. However, the number of Rs 76,000 crore itself is reasonably high. The growth perspective we have seen is 25 per cent year-on-year growth which is pretty healthy,” Chaudhry said…
• Dunzo lines up $200 million funding
  18 Nov 2022, financialexpress.com
  ​​ Sources added that Dunzo’s largest shareholders, Reliance Retail and Google, are unlikely to participate in the latest capital infusion…
• Blackstone-backed Nexus Select Trust files for $500 million IPO
  18 Nov 2022, realty.economictimes.indiatimes.com
  ​​ Nexus Select Trust has a portfolio of 17 operational shopping malls across 14 major cities, covering about 10 million square feet area valued around USD 3 billion…
• Get your shopping list ready and hit these historical markets selling you the best clothes, jewellery and more.
  17 Nov 2022, thehindubusinessline.com
  ​​ ​Indian markets are a different world on their own. It’s always been the locus of celebrations, everyday lives, trade, and much more. Even though malls have sprouted in every big or small city and online shopping has boomed–the bazaars and haats continue to reign. Luckily, even with malls’ popularity, many markets with a historical lineage are still flourishing. Here’s a list of some of the oldest markets in India where you can satisfy the shopaholic in you…
• ‘Swiggy has enabled consistent, reliable income opportunity for delivery partners’
  17 Nov 2022, thehindubusinessline.com
  ​​ ​With the indefinite strike by Swiggy workers in Kochi has entered the fourth day on Thursday, the company has come out with a statement saying that it has enabled a consistent and reliable income opportunity for hundreds of delivery partners in the city…
• We must not be beguiled by our deceptively low inflation prints
  17 Nov 2022, livemint.com
  ​​ ​Estimates of inflation released last week may have given the Reserve Bank of India (RBI) some breathing space in its fight to contain inflation. Retail inflation based on the consumer price index (CPI) moderated to 6.77% in October, compared to 7.41% in September. Even inflation based on the wholesale price index (WPI) declined to 8.4% in October, snapping a double-digit inflationary spell that lasted 18 months. These estimates suggest that India’s fight against inflation may be on track. But a close look at the disaggregated data suggests that such euphoria may be misplaced…
• Upscalio partners with Unicommerce to streamline post purchase experience for its consumer brands portfolio
  17 Nov 2022, realty.economictimes.indiatimes.com
  ​​ ​Currently, it processes over 2,000 orders per day across its portfolio of 13 brands covering segments like homeware & kitchen appliances, automotive accessories, footwear, and ergonomic furniture…
• SoftBank sells 4.5% stake in Paytm for $200 million: Sources
  17 Nov 2022, realty.economictimes.indiatimes.com
  ​​ SoftBank’s sale of 29.35 million shares at that price amounts to a total consideration of $200 million, according to Reuters calculations. Paytm shares fell more than 9% on news of the trade, which comes a day after the lock-in period for investors in Paytm’s November 2021 initial public offering (IPO closed…
• Organised jewellery retailers to outperform the industry on store expansions and market share gains, expect 20% YoY revenue growth in FY2023: ICRA
  17 Nov 2022, realty.economictimes.indiatimes.com
  ​​ According to Kaushik Das, vice president and co-group head at ICRA, “While the jewellery sector has recorded healthy sales in the Dussehra and Diwali season, factors like high domestic inflation, cautious consumer sentiments towards discretionary spending and weak rural economic recovery due to erratic monsoons are likely to continue to constrain demand growth in the near term. Nevertheless, the demand outlook for the sector in the medium to long term remains favourable.”…
• Aditya Birla Group partners with Galeries Lafayette to open luxury department stores in Mumbai, Delhi
  17 Nov 2022, realty.economictimes.indiatimes.com
  ​​ Aditya Birla Fashion and Retail Limited (ABFRL) on Thursday announced that it has entered into a strategic partnership with Galeries Lafayette to open luxury department stores in Mumbai and Delhi. They will also be opening a dedicated e-commerce platform in India…
• Taurus Investment Holdings & Sage Capital plan to raise Rs 500 crore to invest in Indian realty
  17 Nov 2022, realty.economictimes.indiatimes.com
  ​​ The firms plan to focus on Tier 1 and high-growth Tier 2 cities in South and West India. The companies plan to develop a portfolio of projects worth over $1 billion over the next five years…
• Meet the two players bringing the mall back in fashion
  17 Nov 2022, livemint.com
  ​​ ​​A week before Diwali, Meghna Rao walked into Phoenix Palladium, a popular mall in Mumbai —it was her first visit after two pandemic-struck years…
• Festive sales: A mixed bag for consumer durables
  17 Nov 2022, livemint.com
  ​​ ​​The recently-concluded festive season has been somewhat chaotic for consumer durables and appliances manufacturers. No two companies agree on the performance of the sector…
• As shoppers return, retailers open more stores
  17 Nov 2022, livemint.com
  ​​ ​​Large retailers, including Aditya Birla Fashion and Retail Ltd, and Devyani International, plan to continue to open stores at a brisk pace through the rest of the fiscal year after adding record stores in the September quarter as shoppers throng malls and stores, returning to normal patterns of behaviour…
• Indian Appliances & Consumer Electronic industry to double to Rs 1.48 lakh crore by 2025
  17 Nov 2022, realty.economictimes.indiatimes.com
  ​​ ​​India has become one of the fastest growing ACE markets in the world and is also emerging as an alternative manufacturing destination of China and other South East Asian countries, the president of the Consumer Electronics and Appliances Manufacturers Association (CEAMA), Eric Braganza, said…
• Did not enter fashion business to justify our valuation: Nykaa CEO Falguni Nayar
  17 Nov 2022, realty.economictimes.indiatimes.com
  ​​ ​​Omnichannel beauty retailer is working to turn in profits for Nykaa Fashion and its B2B distribution platform Superstore…
• M3M India buys 13-acre land parcel in Noida for Rs 827.41 crore
  17 Nov 2022, realty.economictimes.indiatimes.com
  ​​ ​​The land has been bought at Rs 827.41 crore through auction, he said, adding that the total acquisition would reach Rs 1,200 crore including lease rent and registration charges…
• Dharavi redevelopment authority receives bids from Adani Properties, DLF & Shree Naman Group
  17 Nov 2022, realty.economictimes.indiatimes.com
  ​​ ​​In 2018, Adani Infrastructure had bid for the project but lost out to Dubai-based SecLink Group. The tender was finally cancelled as the railway land (45 acres) was not part of the bid document…
• Miniklub Expands Offline Presence, Opens New Store in Patna
  16 Nov 2022, indianretailer.com
  ​​ Miniklub – a babywear brand that offers a thoughtfully crafted range of apparel and baby care products, open a new store in Patna. Located in Christian Colony, Lodipur, the newly launched stores offer a wide range of safe and comfy apparel and non-apparel range for newborns to 8-year-olds…
• Is investment in retail real estate a good option? Read this to know more
  16 Nov 2022, economictimes.indiatimes.com
  ​​ The retail real estate market has progressed through several stages to become one of the most dynamic and rapidly rising industries. The primary cause for the improvements is a drastic shift in consumer behaviour and increased real estate investment…
• Rebel Foods onboards 15 restaurant brands through rebel launcher
  16 Nov 2022, retail.economictimes.indiatimes.com
  ​​ This is in line with earmarking an investment of USD 150 million to acquire and scale new food brands and onboarding brands including SMOOR Chocolates, Biryani Blues, Mad Over Donuts, and Naturals Ice Cream in the past year…
• Bombay HC orders fresh testing of Johnson & Johnson baby powder; allows company to manufacture but not sell it
  16 Nov 2022, retail.economictimes.indiatimes.com
  ​​ “The petitioner is restrained from selling or distributing the baby powder product by the government. The company shall abide by this order. If the company chooses to manufacture the product then it would be at their own risk,” the bench said…
• Global luxury sales set to hit record this year, study says
  16 Nov 2022, retail.economictimes.indiatimes.com
  ​​ “Consumption is back at pre-crisis levels, but it is also a rebirth, since there is a new consumer base that is younger, and some pockets of consumers that have been unlocked during COVID are here to stay and growing, like subcultures and ethnic groups in the US,” said Bain partner Claudia D’Arpizio, a study co-author…
• After ACs, CEAMA pitches for PLI scheme for refrigerators, LED TVs
  16 Nov 2022, thehindubusinessline.com
  ​​ The industry body said that the PLI scheme for air-conditioners has supported growth in manufacturing in the sector…
• In UP and Karnataka, Bikaji seen as a challenger brand for next 3-4 years: MD
  16 Nov 2022, retail.economictimes.indiatimes.com
  ​​ ​​“The organised market will grow at close to 15% CAGR in the next four, five years. It is a big growth there and we being one of the leaders in this segment, have grown at 20-21% CAGR in the last three, four years. We have done major expansion in the last two years. We are hopeful that we will do reasonably good business going forward also.”…
• Namkeen, confectionery saw strong festive sales despite slower recovery in rural markets
  16 Nov 2022, retail.economictimes.indiatimes.com
  ​​ ​​While key industry players claimed strong sales, data has shown some slowdown in demand. As per the data shared by retail intelligence platform, Bizom, packaged foods sales value growth declined 8.3 per cent in October this year when compared to October 2021. For the same period, value growth for confectionary fell by 16.7 per cent…
• Tatas to open ‘beauty tech’ stores for cosmetic products, in talks with foreign brands
  16 Nov 2022, livemint.com
  ​​ ​​India’s Tata Group is planning to open at least 20 “beauty tech” stores where it will use virtual makeup kiosks and digital skin tests to get young, affluent shoppers to buy premium cosmetic products, according to a company document and a person familiar with its strategy…
• Blackstone launches data centre platform in Asia, starting from India
  16 Nov 2022, livemint.com
  ​​ ​​Global asset manager Blackstone Group has forayed into the data center business in Asia with a planned capacity of 600 MW across two large hyperscale data centers in India…
• Mars Petcare bullish on India; focusing on expanding portfolio across price points, categories
  16 Nov 2022, retail.economictimes.indiatimes.com
  ​​ ​​Sharing how the Indian market is performing for the global giant, Salil Murthy, MD, petcare at MARS International India said “We’re one of the fastest growing pet food markets anywhere in the world,” adding that the company is seeing strong growth driven by tailwinds over the last couple of years, rise in pet adoption in the country, and increased awareness around the needs and benefits of right pet nutrition…
• Jewellers, caterers and banquet halls on high demand this wedding season: Report
  16 Nov 2022, retail.economictimes.indiatimes.com
  ​​ ​​For wedding jewellers, Mumbai topped the demand across the country followed by Delhi and Hyderabad. Searches in tier-I cities rose by 29 per cent, while tier-II cities witnessed a jump of 44 per cent. Among tier-II cities, Jaipur led the demanding race followed by Surat, Rajkot, Chandigarh, and Coimbatore…
• Kerala jewellers likely to offer uniform gold rates
  16 Nov 2022, retail.economictimes.indiatimes.com
  ​​ ​​Gold rate varies from state to state depending on the rate fixed by the gold associations in the respective states. However, jewellers often charge different gold rates within the same states. “We are offering a uniform gold rate across all our showrooms in the country,” said Joy Alukkas, chairman, Joyalukkas Group…
• Amazon launches logistics solution for Indian exporters, slashes subscription fee for new sellers ahead of global holiday season
  16 Nov 2022, retail.economictimes.indiatimes.com
  ​​ ​​While speaking to ETRetail, Bhupen Wakankar, director, global trade, Amazon India shared that the company has launched a logistics solution named Send, to simplify international shipping for Indian exporters. Amazon has also slashed the subscription fee for new exporters joining its global selling program for the first three months to get more sellers on the platform ahead of the festive season, especially small businesses, he shared…
• Tata to open 20 ‘beauty tech’ outlets, in talks with foreign brands
  16 Nov 2022, retail.economictimes.indiatimes.com
  ​​ ​​The move pits Tata, whose interests range from cars to jewellery, against LVMH’s Sephora and domestic rival Nykaa for a share of the fast-growing $16 billion beauty and personal care market in the world’s second-most populous country…
• India’s Oct retail inflation eases, spurs smaller rate hike views
  15 Nov 2022, afkgaming.com
  ​​ ​​India’s annual retail inflation eased to a three-month low of 6.77% in October, helped by a slower rise in food prices and a higher base effect, strengthening bets of smaller rate hikes by the country’s central bank at its meeting next month…
• Loco’s Founder Talks About the Future of Gaming in India
  15 Nov 2022, afkgaming.com
  ​​ ​​Loco’s founder Anirudh Pandita revealed his vision for the future of gaming in India in an interview with fintech personality Sar Haribhakti. Loco as a homegrown streaming platform has grown rapidly since its launch and it has become the go-to platform to stream content for esports and gaming content creators. Pandita has spent eight years working in the gaming and entertainment industry and he shared excerpts of his experiences in the industry…
• Pacific to Build 1.5 M sq. ft. Mall in Jaipur India
  15 Nov 2022, rli.uk.com
  ​​ ​​Pacific Development Corp is planning to build a 1.5 million sq. ft. mall in Jaipur…
• Flipkart key driver of 13% spike in Walmart’s international revenue
  15 Nov 2022, business-standard.com
  ​​ ​​Walmart management says early timing of Big Billion Sale, from Q4 last year to Q3 this year, benefited the company…
• Khadim India Q2 net profit declines; revenue from operations up 15% at Rs 186.03 crore
  15 Nov 2022, retail.economictimes.indiatimes.com
  ​​ ​​However, its revenue from operations rose 15 per cent year-on-year(YoY) to Rs 186.03 crore in the July-September quarter this year as against Rs 161.65 crore in the corresponding quarter of previous fiscal…
• Unilever leads pack on price rises as consumer goods industry squeezed
  15 Nov 2022, retail.economictimes.indiatimes.com
  ​​ ​​Nestle and P&G both raised prices by less than 9.5% in the same period, having roughly matched one another since mid-2021. Unilever’s greater exposure to emerging markets and food, where cost and margin pressures have been most intense, partly explains the difference, analysts say…
• Landmark Group India appoints Reliance Retail’s Vikram Idnani as president – CIO
  15 Nov 2022, retail.economictimes.indiatimes.com
  ​​ ​​Prior to joining Landmark Group, Idnani was leading technology initiatives for all retail businesses at Reliance Retail as the senior VP – head, of information technology…
• Lux Cozi Boyz Introduces New Products, Expands its Range
  15 Nov 2022, indianretailer.com
  ​​ ​​Lux Industries Limited announced the expansion of its kids’ innerwear range, Lux Cozi Boyz with new products and styles. The Indian market for kids’ innerwear range is worth Rs 2,000 crore and is expected to expand at a CAGR of 9-10 percent…
• Ultrafresh Introduces its First ‘One-Stop-Shop’ Studio in Chennai
  15 Nov 2022, indianretailer.com
  ​​ ​​Ultrafresh Modular Solutions Limited launched its first studio in Chennai located at Keelkattalai. Spread across around 665 square feet, it is the company’s first franchise retail outlet in Chennai offering a unique range of modular kitchens, wardrobes, and display units to cater to the customer’s evolving needs and preferences…
• Marico’s Saffola Fittify Now Available on OneGreen
  15 Nov 2022, indianretailer.com
  ​​ ​​Marico’s flagship brand Saffola Fittify has entered into an exclusive collaboration with OneGreen. The collaboration would enable Saffola Fittify to enter the rapidly growing conscious consumer market. It will also help the latter build a mainstream ecosystem facilitating conscious living…
• Spectrum Metro Adds Spar Hypermarket, Bata, Aurelia to Mall
  15 Nov 2022, indianretailer.com
  ​​ ​​Noida’s Spectrum Metro announced its collaboration with grocery shopping major, Spar Hypermarket owned by Landmark group, India’s leading business house…
• Grasim Industries Q2 Results: Profit falls 1.5% YoY to Rs 964 crore but beats estimates
  15 Nov 2022, retail.economictimes.indiatimes.com
  ​​ ​​Revenue from operations rose nearly 37% YoY to Rs 6,745.24 crore. Earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter increased 19.4% YoY to Rs 956.61 crore, but margins contracted 206 basis points to 14.18%…
• Cooling food prices bring inflation relief
  15 Nov 2022, livemint.com
  ​​ Retail inflation slowed to a three-month low in October, easing below the 7% mark, led by softening food and commodity prices, official data showed. Wholesale inflation also eased to a 19-month low in October, touching single digits for the first time since March last year…
• Long-term growth outlook intact: Delhivery CEO Sahil Barua
  15 Nov 2022, retail.economictimes.indiatimes.com
  ​​ Delhivery CEO Sahil Barua, in an investor call, said that there was no structural shift in the long-term growth of ecommerce in India…
• How 5G can become a game changer for e-commerce
  15 Nov 2022, retail.economictimes.indiatimes.com
  ​​ The advent of 5G, with lower latency and exponential speeds, will revolutionise online shopping and help e-commerce realise its full potential…
• Alibaba keeps Singles Day sales tally under wraps for first time
  15 Nov 2022, retail.economictimes.indiatimes.com
  ​​ In a statement Saturday, Alibaba said results for this year’s event were “in line with last year’s… despite macro challenges and Covid-related impact,” without offering details…
• E-commerce player CoutLoot joins Government’s ONDC platform
  15 Nov 2022, retail.economictimes.indiatimes.com
  ​​ ONDC is a freely accessible and inclusive platform that aims to democratize e-commerce. It is not owned or controlled by any single entity. It is also expected to benefit small merchants with more advanced technologies and better business mechanisms…
• Exclusive: Swami Ramdev says Patanjali Foods to open 20 lakh retail shops
  
  14 Nov 2022, zeebiz.com
  ​​Swami Ramdev Exclusive: Patanjali Foods to open 20 lakh retail shops: The Haridwar-headquartered company was founded by Ramdev and Balkrishna in 2006. Its office is in Delhi, with manufacturing units and headquarters in the industrial area of Haridwar…
• Amritsar fast emerging as luxury retail destination of north India
  14 Nov 2022, constructionweekonline.com
  ​​Non-metro cities are driving the next wave of growth in North India. Amritsar, for example, is emerging as the growth frontier in north India’s luxury retail sector. The holy city, also one of Punjab’s most prominent trading and tourist hubs, has seen rapid growth in recent years due to improved retail infrastructure and changing lifestyle of consumers driven by the growing demand for branded products. Consequently, retail investments are driving this non-metro city to reach the retail potential of India’s major metropolitan cities…
• Wondering what to wear this wedding season? Take a look at the new collection showcased by DLF Mall of India
  14 Nov 2022, financialexpress.com
  ​​Weddings in India aren’t just an occasion; they are a riot of emotions…
• Marks & Spencer M&S opens 95th India store in Kolkata’s Forum Mall
  14 Nov 2022, in.fashionnetwork.com
  ​​Marks & Spencer has opened its 95th store in India in Kolkata in the city’s Forum Courtyard Mall. The department store’s new large-scale outlet retails its selection of clothing and lifestyle goods…
• Parsvnath Developers’ net loss widens to Rs 99.40 crore in Q2 FY23
  14 Nov 2022, realty.economictimes.indiatimes.com
  ​​The company’s net consolidated income stood at Rs 44.76 crore in Q2 FY23, a dip of 3.60 per cent from Rs 46.43 crore it recorded in the similar quarter last year…
• Brigade Enterprises posts Rs 51.75 crore profit in Q2 FY23
  14 Nov 2022, realty.economictimes.indiatimes.com
  ​​The company’s net consolidated income stood at Rs 912.19 crore in Q2 FY23, a growth of 17.54 per cent from Rs 776.08 crore it recorded in the similar quarter last year…
• Omaxe’s net loss widens to Rs 87.38 crore in Q2 FY23
  14 Nov 2022, realty.economictimes.indiatimes.com
  ​​The company’s net consolidated income stood at Rs 122.28 crore in Q2 FY23, a dip of 36.09 per cent from Rs 191.34 crore it recorded in the similar quarter last year…
• Mindspace REIT’s net profit dips by 32.72% in Q2 FY23
  14 Nov 2022, realty.economictimes.indiatimes.com
  ​​The company’s net consolidated income stood at Rs 686.20 crore in Q2 FY23, a growth of of 60.18 per cent from Rs 428.40 crore it recorded in the similar quarter last year…
• Spirit of progress. Diageo India initiates phased removal of mono cartons
  14 Nov 2022, thehindubusinessline.com
  ​​This is in line with the company’s ‘Society 2030: Spirit of Progress,’ a 10-year ESG action plan to help create a more inclusive and sustainable world…
• D2C footwear startup Yoho onboards Paytm’s Sanjeev Misra as an executive director
  14 Nov 2022, retail.economictimes.indiatimes.com
  ​​Speaking on the Indian footwear industry, Misra said it has the potential to grow 10 folds in the coming years. According to some recent reports, the revenue in the footwear market in India amounts to $23.73 billion in 2022 and is expected to grow annually by 6.77 per cent CAGR 2022-2027…
• Retail sales in October increased 19% over pre-pandemic levels: RAI
  14 Nov 2022, retail.economictimes.indiatimes.com
  ​​ “The removal of pandemic-related restrictions has resulted in all-round growth of retail businesses across regions and categories,” commented Kumar Rajagopalan, CEO, RAI adding that in order to understand the complete impact of the festival season on retail sales, the figures of October and November combined need to be assessed…
• WPI breaks 18-mth double-digit streak in October, eases to 8.39%
  14 Nov 2022, retail.economictimes.indiatimes.com
  ​​ India’s wholesale price index-based inflation in the month of October eased to 8.39% on an annual basis, from 10.70% recorded in September, provisional data from the Commerce Ministry showed on Monday. With this, the wholesale inflation in India has broken the streak of being in double digits for 18 consecutive months…
• Retail inflation eases sharply to 6.77 per cent in October
  14 Nov 2022, retail.economictimes.indiatimes.com
  ​​ The decline in headline inflation can be attributed to favourable base effect. However, the supply-chain disruptions due to ongoing geopolitical factors and hardening of commodity prices globally continue to thrust ahead the inflationary pressure. The Reserve Bank of India (RBI) governor Shaktikanta Das had expected the inflation to be lower than 7 per cent in October…
• Zomato’s head of new initiatives Rahul Ganjoo quits
  14 Nov 2022, retail.economictimes.indiatimes.com
  ​​ Ganjoo joined Zomato in 2017 as head of product development, and was made co-CEO of the company’s food-delivery business in October 2020. He became the head of new initiatives in August this year…
• Forest Essentials flagship store in London offers a sensorial retail experience
  14 Nov 2022, architecturaldigest.com
  ​​ The ‘Made in India’ luxury Ayurveda brand, Forest Essentials, is designed to evoke all five senses in a serene setting in London…
• RIL’s logistics foray rides on growing retail print, govt supply-chain push
  14 Nov 2022, business-standard.com
  ​​ MMLP near Chennai to be key distribution hub for company in south; firm may bid for more MMLPs across country, say sources…
• Select Citywalk to be in Nexus REIT
  14 Nov 2022, economictimes.indiatimes.com
  ​​ Nexus Malls, the Indian retail portfolio arm of investment company Blackstone Group, and the promoters of Delhi’s upscale mall, Select City Walk, have finalised the terms for the mall’s inclusion in an upcoming retail REIT planned by the Blackstone Group, according to two people with knowledge of the development…
• Small tea growers will have the biggest role to play in shaping the future of tea sector: Piyush Goyal
  14 Nov 2022, financialexpress.com
  ​​ Union Minister of Commerce and Industry Piyush Goyal said that small tea growers will have the biggest role to play in shaping the future of tea sector in India…
• Expansion in margins: Biscuits help Britannia beat inflation blues in Q2
  14 Nov 2022, financialexpress.com
  ​​ “Britannia has gained further market share in Q2, while Parle appears to be losing share,” said analysts at Jefferies…
• Flipkart’s Shopsy claims it doubled its business in Sept over July’22
  14 Nov 2022, retail.economictimes.indiatimes.com
  ​​ Decoding the numbers, Menon said that Shopsy is seeing half of its demand coming for the fashion category driven by women shoppers, 30-40 per cent from general merchandise, and the remaining from electronic products. Launched last year, the company crossed the mark of 100 million users in July 2022, a target it had earlier estimated to achieve by early 2023…
• Rethinking retail in the post covid era
  12 Nov 2022, retail.economictimes.indiatimes.com
  ​​ Customers these days are extremely aware of the market and as a result know what they want which consequently leads them to create a demand for the products that they want to see being offered. As a consequence, the future of marketing is going to revolve heavily around personalization…
• Modenik expanding Dixcy’s premium casual wear portfolio; sees high double-digit growth in women’s innerwear with Enamor
  12 Nov 2022, retail.economictimes.indiatimes.com
  ​​ In an interaction with ETRetail, Shekhar Tewari, chief category and operations officer, Modenik Lifestyle said, “Dixcy is three times the size of Enamor. Our endeavor now is to maintain leadership in existing markets and grow in markets of new opportunities.”…
• Flipkart reduces focus on instant delivery service Flipkart Quick
  12 Nov 2022, thehindubusinessline.com
  ​​ Launched in 2020, Flipkart Quick started as 90-minute grocery delivery service and over time the delivery time was reduced to 30-45 minutes…
• Patanjali Foods Q2 profit drops 31.6% YoY to Rs 112.28 cr, revenue jumps 42%
  12 Nov 2022, retail.economictimes.indiatimes.com
  ​​ The company, which was earlier known as Ruchi Soya, blamed the pressure on margins, which dipped to 2.3% from 5.5% in the year-ago period, to a sharp drop of $400-500 per ton in global prices of various edible oils in these 3 months…
• Shobhaa De | Two conundrums that make very little sense…
  12 Nov 2022, deccanchronicle.com
  ​​ Mr Narendra Modi’s pitch in Himachal Pradesh emphasised the “kamal ka phool” when he told voters: “Every vote for the kamal ka phool will come directly to Modi’s account as a blessing…”…
• South City mall has a new chill spot — Scrapyard Brewing Co.
  12 Nov 2022, telegraphindia.com
  ​​ Spread across a sprawling 4,000sq ft, Scrapyard is broadly divided into indoor and outdoor seating…
• Food import costs rise to record in 2022, threatening world’s poorest – FAO
  12 Nov 2022, retail.economictimes.indiatimes.com
  ​​ World food prices soared to record levels in March after Russia invaded Ukraine, a key grains and oilseeds producer, and while they have since retreated somewhat, they remain above last year’s lofty levels…
• Delhivery Q2 revenue jumps 19% to Rs 1,796 crore, losses narrow 60%
  12 Nov 2022, retail.economictimes.indiatimes.com
  ​​ The losses for the period narrowed 60% to Rs 254 crore from Rs 635 crore for the same quarter last year. The company’s expenses fell marginally from Rs 2,161 crore to Rs 2,157 crore, aided by a reduction in employee benefit costs and other expenses…
• Alibaba stays mum on Singles Day sales tally, says in line with 2021
  12 Nov 2022, retail.economictimes.indiatimes.com
  ​​ The e-commerce platform’s growth merchandising value (GMV) was widely predicted to post flat to low single-digit growth, underscoring weak Chinese consumer sentiment hit by stringent COVID-19 curbs and a sharply slowing economy…
• Estee Lauder nears $2.8 billion deal to buy Tom Ford – FT
  12 Nov 2022, retail.economictimes.indiatimes.com
  ​​ The luxury brand, founded by fashion designer Tom Ford, entered into exclusive negotiations with Estee Lauder this week and a deal could be announced as early as Monday, the FT reported…
• Columbia Sportswear launches new store in Mumbai
  11 Nov 2022, inc42.com
  ​​ With the opening of a new store in Mumbai, Columbia Sportswear has increased its retail footprint in the Indian market. The brand is known for its superior technology for outdoor adventure gear…
• Amazon Etailer Appario Retail Makes INR 15,000 Cr In Revenue, Profit Surges 53%
  11 Nov 2022, inc42.com
  ​​ Appario Retail, the Amazon etailer that is set to shut down in a year, posted an operating revenue of INR 15,915.62 Cr in FY22, along with a profit of INR 82.5 Cr for the fiscal…
• Shankara Ventures Into Retail In India Flagship Store at Delhi’s Select Citywalk Mall
  11 Nov 2022, firstindia.co.in
  ​​ Shankara is a global luxury skincare brand infusing the Ayurvedic wisdom of the East with the knowledge of actives and modern processes of the West with a presence in over 30 countries including the USA & Europe…
• Starting with Rs 80,000 Indian spice brand founder in Bonn achieves Rs 55 lakh turnover in first year
  11 Nov 2022, indianretailer.com
  ​​ Chandigarh-born Amar Singh, working in a logistics company in Bonn, Germany, always had this craving for tasty, authentic Indian food, which was not easily available in the country…
• A|X Armani Exchange Unveils Winter Collection YOU.ME.US
  11 Nov 2022, indianretailer.com
  ​​ Luxe brand Armani Exchange has seamlessly positioned itself as the most accessible Armani brand and is the full embodiment of urban spirit and street style chic…
• Cult.fit posts ₹681-crore loss in FY22; revenue grows 34%
  11 Nov 2022, thehindubusinessline.com
  ​​ Cult.fit, a health and wellness startup, reported 34 per cent y-o-y rise in revenue at ₹216 crore in FY22. However, the losses reported were marginally higher at ₹681 crore from ₹671 crore in the previous year, according to its annual financial statement filed with the Registrar of Companies…
• Dollar Industries Q2 net profit down 56%
  11 Nov 2022, thehindubusinessline.com
  ​​ Dollar Industries registered 56 per cent drop in standalone net profit at ₹18 crore for the quarter ended September 30, 2022, against ₹41 crore in the same period last year…
• Traders predict sales of Rs 2,500 crore during wedding season
  11 Nov 2022, retail.economictimes.indiatimes.com
  ​​ As per the traders’ buzz, the 40 days of weddings which began from November 4 to December 14 (from Dev Uthan Ekadashi) and then again from January 14 (Makar Sankranti), is estimated to witness around 15,000 weddings in the district…
• Sellers, traders and manufacturers of packaged indian foods oppose nutrition rating proposed by FSSAI
  11 Nov 2022, retail.economictimes.indiatimes.com
  ​​ The representative body has claimed that FOPNL will lead to ethnic Indian foods being classified as unhealthy, and thus cause severe loss of business to MSME packaged food manufacturers and sellers, an industry which is eying to become a 10 trillion dollar consumption economy by 2030, and open the floodgates for western packaged food manufacturers to capture the Indian markets…
• EmPage Industries profit marginally up to Rs 162 crore; revenue at Rs 1,255 crore in July-September
  11 Nov 2022, retail.economictimes.indiatimes.com
  ​​ PIL’s revenue from operations in the July-September quarter of FY22 stood at Rs 1,084.01 crore…
• Emami Q2 PAT declines 2.7% to Rs 180.13 crore; hopes to deliver double digit growth with higher EBITDA this fiscal
  11 Nov 2022, retail.economictimes.indiatimes.com
  ​​ The company witnessed a correction in the COVID contextual portfolio of pain management and healthcare products which grew significantly during the last two years. Its gross margins contracted by 230 bps in Q2 FY23 due to inflationary pressures combined with unfavourable portfolio mix due to extraordinary high sales of pain management products last year…
• Premium beauty brand Revlon India plans to foray into mass segment; eyes 40% YOY growth
  11 Nov 2022, retail.economictimes.indiatimes.com
  ​​ Sharing growth numbers, Modi said that the company is back to pre-COVID levels and is eyeing a 40 per cent year-on-year growth next year onwards on the back of its foray into mass markets…
• Retail inflation may drop to 6.7% for October on favourable base, RBI sees no respite
  11 Nov 2022, moneycontrol.com
  ​​ Data on October retail inflation, which is set to stay above the central bank’s target of 4 percent for the 37th month in a row, will be released on November 14…
• FMCG Industry Continues To See Slowdown; Sales Volume Falls In Rural Markets In September Quarter: Report
  11 Nov 2022, outlookindia.com
  ​​ Also, consumers continued to prefer purchasing smaller packets amid companies hiking prices in response to broader inflationary pressures, according to the report released by data analytics firm NielsenIQ on Thursday…
• Tea Board seeks Rs 1000 cr industry support for next five years
  11 Nov 2022, retail.economictimes.indiatimes.com
  ​​ Chairman of Tea Board Saurav Pahari said that in the budget submitted to the commerce ministry, the focus has been on handholding the small tea growers (STGs) which contribute to 52 per cent of the total production in the country…
• FMCG industry continues to see slowdown; sales volume falls in rural markets in Sept quarter: Report
  11 Nov 2022, retail.economictimes.indiatimes.com
  ​​ The FMCG industry witnessed an overall volume decline of 0.9 per cent in the September quarter in comparison to the preceding three months…
• Zomato moving towards profitability but can grow much faster: CEO Deepinder Goyal
  11 Nov 2022, retail.economictimes.indiatimes.com
  ​​ Zomato’s founder and CEO Deepinder Goyal said that even as the company’s food delivery business was growing and moving towards profitability, there was room for it to grow much faster…
• India’s Bengaluru Airport Ties Up 15-Year Retail Joint Venture With Dufry
  10 Nov 2022, forbes.com
  ​​ Global travel retailer Dufry will operate the duty-free shops at South India’s busiest airport under a newly agreed joint venture that is scheduled to start on April 1, next year. The deal was struck after the operator of Bengaluru Airport—the gateway to India’s technology hub—issued an open tender in November 2021 which Dufry won…
• LuLu Group to Open Biggest Mall in India
  10 Nov 2022, rli.uk.com
  ​​ The mall, which will be located in Ahmedabad will house over 300 national and international brands…
• DLF Mall of India holds wedding showcase, launches winter campaign
  10 Nov 2022, fashionnetwork.com
  ​​ DLF Mall of India held a wedding themed fashion show in Noida named ‘Wedding Tales’. The interactive event featured a mix of runway shows and activities to engage shoppers for the winter wedding season…
• Raising capital from traditional lenders is a big issue for cloud kitchens and QSR chains – GetVantage
  10 Nov 2022, retail.economictimes.indiatimes.com
  ​​ “The concept of QSR and cloud kitchens is quite novel, and as a result, SMEs often do not qualify for traditional bank financing. Banks impose strict credit and business history requirements, which often leave tens of thousands of entrepreneurs and small business owners without financing options,” Bhavik Vasa, founder of GetVantage, said…
• QSR startup Leon’s expects 40-48% revenue growth this fiscal; plans to reach 300 outlets by 2027
  10 Nov 2022, retail.economictimes.indiatimes.com
  ​​ Founded in 2015 by Chef Suresh Muppala, Madhusudhan Chandrasekar and Sudhakar V, it currently has 24 outlets in Bengaluru and Mysore. With plans to open 2 outlets this week in Hyderabad and a total of 5 outlets in the month, the burger chain expects 80 per cent sales growth in the current quarter. It also has plans to open outlets in Pune and Chennai in the upcoming months…
• Kalyan Jewellers India Q2 PAT up 54.02 pc at Rs 105.92 cr
  10 Nov 2022, retail.economictimes.indiatimes.com
  ​​ Revenue from operations of the company grew by 20.22 per cent during the quarter under review to Rs 3,472.91 crore, compared to Rs 2,888.69 crore in the same period a year-ago…
• Bata India Q2 profit rises 47% to Rs 55 crore; net sales up 35% at Rs 830 crore
  10 Nov 2022, retail.economictimes.indiatimes.com
  ​​ Its revenue from operations during the quarter under review was at Rs 829.75 crore, up over 35.11 per cent from Rs 614.12 crore of the corresponding quarter of FY22…
• Global supply chains set for overhaul next year, HSBC poll shows
  10 Nov 2022, retail.economictimes.indiatimes.com
  ​​ Just 11% of respondents in the HSBC Holdings Plc survey said transforming their supply chain wasn’t a priority next year, but 42% plan to do so and almost 47% see it as a priority at some stage in the future…
• Q2 roundup: Indian cos get festive boost; almost 62% post profit rise
  10 Nov 2022, retail.economictimes.indiatimes.com
  ​​ Apparel retailers, restaurants, banks, construction companies all saw a rise in sales and orders, as the country geared up for the first pandemic-free festive season in two years…
• Emami Agrotech appoints Debabrata Mukherjee as its chief marketing and strategy officer
  10 Nov 2022, retail.economictimes.indiatimes.com
  ​​ The appointment is a part of the company’s growth strategy where Emami Agrotech has been focusing on expanding its food and oil segment. The brand recently forayed into spices and soya nugget markets and rebranded its edible oil brand, Emami Healthy & Tasty to establish itself as a modern brand…
• Mohit Burman on running Dabur, game plan for Eveready; what to do with Religare & more
  10 Nov 2022, retail.economictimes.indiatimes.com
  ​​ “My tenure won’t change the way business is run at Dabur; focus will be on newer categories. The business has not really grown in the last 10 years but we are going to be at least doing double digit growth from next year onwards. Dabur will continue innovating, launching new products and focussing on growing our distribution but not owning it.”…
• Lenskart FY22 revenue jumps 66% to Rs 1,502 crore, but slips into losses
  10 Nov 2022, retail.economictimes.indiatimes.com
  ​​ Lenskart’s consolidated operating revenue grew 66% to Rs 1,502 crore in the previous fiscal year (FY22). The SoftBank-backed company, however, reported losses of Rs 102 crore after clocking a profit of Rs 28 crore in the previous financial year.​​..
• Trent net profit drops marginally to Rs 78.94 crore in Q2 FY23
  10 Nov 2022, retail.economictimes.indiatimes.com
  ​​Noel N Tata, chairman of the company said, “Our fashion concepts have once again displayed encouraging growth momentum in Q2FY23. We have been a company that makes strategic bets/ business model choices that in many cases involve standing away from the predominant & proximate market practices of the time. Completely own branded offerings, entirely direct-to-consumer reach, not discounting in season and not advertising are all cases in point.”.​​..
• Zomato Q2 net loss narrows to Rs 251 crore; revenue jumps 62% YoY
  10 Nov 2022, retail.economictimes.indiatimes.com
  ​​This is the first quarter where Zomato crossed the billion-dollar annualized revenue mark, the online food delivery aggregator said.​​..
• Flipkart burns over $3.7 billion cash in about a year till Sep 2022
  10 Nov 2022, retail.economictimes.indiatimes.com
  The company, in July 2021, raised USD 3.6 billion (about Rs 29,000 crore), which has been completely exhausted, according to regulatory filings of Flipkart and Walmart…
• High inventory, low demand hit electrical, durables firms
  10 Nov 2022, livemint.com
  Electrical consumer products and consumer durables companies, which had seen strong investor confidence ahead of the festivals, have posted weak numbers for the second quarter, denting expectations…
• Marks & Spencer India to speed up expansion amid global headwinds
  10 Nov 2022, realty.economictimes.indiatimes.com
  Marks & Spencer in India is a 51:49 JV between UK’s M&S and Reliance since 2008. The company denied reports of foraying into the food business in India, terming them as speculative and said, it will focus on the home category, launched recently…
• Bajaj Consumer Care Q2 net profit dips 32% to Rs 32 crore
  10 Nov 2022, realty.economictimes.indiatimes.com
  FMCG firm Bajaj Consumer Care Ltd on Wednesday reported a decline of 31.93 per cent in its consolidated net profit at Rs 31.65 crore for the second quarter ended September. The company had reported a net profit of Rs 46…
• AB InBev expects India to be among top 3 markets for Budweiser; enters into whiskey segment
  10 Nov 2022, realty.economictimes.indiatimes.com
  The company said beer will continue to remain a core offering for AB InBev India, but it will continue to introduce India-specific innovations across beverage categories in the alcoholic and non-alcoholic segments…
• Prestige Estates’ net profit up 54.63% in Q2 FY23
  10 Nov 2022, realty.economictimes.indiatimes.com
  The company’s net consolidated income from operations stood at Rs 1,474.70 crore in Q2 FY23, a growth of 9.63 per cent from Rs 1,345.20 crore it recorded in the similar quarter last year…
• Petcare startup Supertails raises $10 million in Series A funding round
  9 Nov 2022, retail.economictimes.indiatimes.com
  Other investors also participated in the round including Kunal Shah, founder at Cred; Sanjay Kapoor founder and president at Genesis Luxury Fashion; Varun Alagh, cofounder and CEO of MamaEarth; Ankit Nagori, founder of Curefoods; and Shashank Mehta, founder and CEO of The Whole Truth Foods…
• Virat Kohli backed Rage Coffee enters healthy snacking segment
  9 Nov 2022, retail.economictimes.indiatimes.com
  Rage Coffee aims to expand its healthy snacking portfolio and introduce a diverse range of snacks going forward, it said…
• Quarterly results. VST Q2 net profit up by 15% at ₹92 crore
  9 Nov 2022, thehindubusinessline.com
  VST’s gross sales in the quarter ended September registered a growth of 22 per cent from the corresponding quarter last year…
• McDonald’s India franchisee Westlife beats Q2 profit view on strong demand
  9 Nov 2022, realty.economictimes.indiatimes.com
  The company reported a consolidated net profit after tax of 315.5 million Indian rupees ($3.9 million) for the September quarter, compared with a loss of 44.2 million rupees a year ago, when there were still some COVID-19 restrictions…
• Barbeque-Nation Q2 net profit jumps 143% to Rs 709 lakh
  9 Nov 2022, realty.economictimes.indiatimes.com
  The growth was supported by improvement in the dine-in business, coupled with the robust performance of both Toscano and BARQ’s international businesses, Chief Executive Officer Rahul Agrawal said in a statement…
• Tier-II cities emerging as real estate growth engines: Magicbricks Report
  9 Nov 2022, realty.economictimes.indiatimes.com
  Magicbricks.com is owned by Magicbricks Realty Services, which is a subsidiary of Times Internet…
• FMCG companies, retailers to spend big on ads despite subdued demand
  9 Nov 2022, retail4growth.com
  Yamaha’s concept of a Blue Square Showroom is positioned as a space to offer a one-stop solution to all the biking needs of a customer. Designed to help customers realize and connect with Yamaha’s Racing DNA, the Blue Square showrooms are operational in over 20 states across the country…
• FMCG companies, retailers to spend big on ads despite subdued demand
  9 Nov 2022, economictimes.indiatimes.com
  Some of the country’s largest consumer goods makers and retailers will spend more on advertising despite poor demand for certain categories such as daily essentials and in rural markets…
• Women Entrepreneurship Day: How These New-Age Women Entrepreneurs are Changing the D2C Retail Landscape
  9 Nov 2022, indianretailer.com
  With India, in its 75th year of Independence, it can be noticed how the country has evolved over time. Gone are the days when a job came with gender division, today women have proven themselves to be equally efficient for every job profile that exists, especially running their own businesses…
• Phoenix Mills’ posts net profit of Rs 221.89 crore in Q2 FY23
  9 Nov 2022, retail.economictimes.indiatimes.com
  The company’s net consolidated income stood at Rs 683.49 crore in Q2 FY23, a growth of 80.03 per cent from Rs 379.66 crore it recorded in the similar quarter last year…
• Bajaj Electrical Q2 profit at Rs 62 cr, sales slip 6.4% to Rs 1,201 cr
  9 Nov 2022, retail.economictimes.indiatimes.com
  Its net sales slipped 6.41 per cent to Rs 1,201.14 crore during the quarter under review against Rs 1,283.44 crore a year ago…
• Domestic e-commerce sellers expand overseas with air freight shipping
  9 Nov 2022, retail.economictimes.indiatimes.com
  ITransforming the way business is done, India’s e-commerce sector has led the way toward multiple commerce segments including B2B, D2C, C2C, and C2B. Out of these, D2C and B2B have topped among the major segments, witnessing robust growth in the last few years…
• Welspun India’s Q2 net profit down 96 pc at Rs 8.33 cr
  9 Nov 2022, retail.economictimes.indiatimes.com
  Its revenue from operations slipped 15.04 per cent to Rs 2,113.46 crore during the quarter under review. It was Rs 2,487.63 crore in the year-ago period…
• Kohl’s CEO steps down to take president role at Levi Strauss
  9 Nov 2022, retail.economictimes.indiatimes.com
  Levi’s said Tuesday in a release that Gass will start on Jan. 2, and the board of directors has put in motion a succession plan for her to succeed Chip Bergh as president and CEO in the next 18 months…
• Bajaj Electricals intends to grow share in premium segment; remain very tight on cost optimisation: MD
  9 Nov 2022, retail.economictimes.indiatimes.com
  Our strategy is to target the urban or premium segments where we’ve been weak traditionally. We’re coming up with more premium products and premiumising our brand also. So, we intend to grow our share in premium while defending our share in rural…
• Need of the hour is uniform retail policy to ensure level playing field, control predatory pricing, say industry leaders
  9 Nov 2022, retail.economictimes.indiatimes.com
  Arvind Mediratta, chairperson for retail and internal trade, FICCI, and MD and CEO, Metro Cash & Carry India said that the implementation of the national retail policy will help small retailers get easy access to credit. “These small businesses are competing with global giants with market caps in trillions of dollars. Unless retailers get easy access to credit, the playing field is not equal.”…
• Adidas appoints boss of rival Puma as CEO after Ye fallout
  9 Nov 2022, retail.economictimes.indiatimes.com
  Adidas has appointed Bjorn Gulden, the CEO of rival Puma, as its new chief executive, and he will take over the German sportswear brand in January. Gulden will replace Kasper Rorsted, Adidas’ CEO since 2016, whose departure was announced in August…
• Welspun India’s Q2 net profit dips 96% at Rs8.33 crore
  8 Nov 2022, livemint.com
  Welspun India Ltd (WIL), the flagship company of Welspun Group, on Tuesday posted a 95.86 per cent decline in its consolidated net profit to ₹8.33 crore for the second quarter ended September 30…
• Cantabil Retail India standalone net profit rises 19.43% in the September 2022 quarter
  8 Nov 2022, business-standard.com
  Net profit of Cantabil Retail India rose 19.43% to Rs 9.28 crore in the quarter ended September 2022 as against Rs 7.77 crore during the previous quarter ended September 2021. Sales rose 29.45% to Rs 116.00 crore in the quarter ended September 2022 as against Rs 89.61 crore during the previous quarter ended September 2021…
• Tobacco player VST logs 22% sales growth in quarter ended Sept 30
  8 Nov 2022, business-standard.com
  Tobacco and cigarette manufacturer VST Industries registered a 22 per cent growth in sales and logged 15.4 per cent growth in net profit in the quarter ended September 30, 2022…
• Arvind’s Q2 net profit rises nearly 80 pc to Rs 125 crore
  8 Nov 2022, retail.economictimes.indiatimes.com
  “Profit After Tax from continuing business and before the exceptional item was Rs 85 crore. Accounting for one-time items, PAT was reported at Rs 125 crore,” Arvind said in its earning statement…
• Domino’s India franchisee Jubilant’s Q2 profit rises 10% on dine-in demand
  8 Nov 2022, retail.economictimes.indiatimes.com
  Profit rose to 1.32 billion Indian rupees ($16.12 million) in the three months ended Sept. 30, from 1.2 billion rupees a year earlier…
• How India plans to reinvent e-commerce with an Amazon killer
  8 Nov 2022, livemint.com
  E-commerce firms have been reducing amount of discounts over time, say analysts…
• GCPL Q2 net profit falls 25% to Rs 359 crore
  8 Nov 2022, retail.economictimes.indiatimes.com
  GCPL’s total expenses were 14.41 per cent up at Rs 2,951.38 crore in the September quarter. It was reported at Rs 2,579.45 crore last year.”Our overall EBITDA declined by 15 per cent driven by consumption of high cost inventory, upfront marketing investments and a weak performance in our Indonesia and Latin America & SAARC businesses. PAT without exceptional items and one-offs declined by 21 per cent,” GCPL Managing Director and CEO Sudhir Sitapati said…
• Flipkart losses widened to over Rs 7,800 crore in FY22
  8 Nov 2022, retail.economictimes.indiatimes.com
  Flipkart Internet, comprising online business-to-consumer platforms, has reported widening of loss to Rs 4,399 crore in FY22 from Rs 2,907 crore in FY21…
• Paytm Q2 Results: Net loss widens to Rs 571 cr; revenue jumps 76%
  8 Nov 2022, retail.economictimes.indiatimes.com
  Parent One 97 Communications says revenue rose to Rs 1,914 crore in second quarter from Rs 1,086 crore a year earlier…
• Rural bet helps Wipro FMCG arm beat slowdown
  8 Nov 2022, retail.economictimes.indiatimes.com
  In the last one year, WCCL added 3,000 villages and 700 distributors to better service retail outlets. In an interview with TOI, WCCL CEO Vineet Agrawal said: “When rural markets had slowed, we re-doubled our efforts to go deeper into these areas. This is one of the reasons why we have added to our growth. Consumers too reward you when you service them better.”…
• Carlyle looks to buy VLCC Healthcare
  8 Nov 2022, retail.economictimes.indiatimes.com
  PE Group in advanced talks for 60-70% controlling stake for $300 mn, formal announcement in coming weeks…
• Adidas Launches India’s Largest Flagship Store At Select CITYWALK
  8 Nov 2022, orissadiary.com
  Adidas opened the doors of its largest flagship store at Delhi’s most admired shopping centre Select CITYWALK with a power packed performance by Bollywood superstar and adidas brand ambassador, Ranveer Singh. The newly launched adidas store is a state-of-the-art concept store, combining digital innovation, immersive experiences and product portfolio to create a new benchmark in retail…
• Zomato Pay goes live for customers in some cities, replaces flagship Zomato Pro programme
  7 Nov 2022, retail.economictimes.indiatimes.com
  ​​Under Zomato Pay, customers will be able to make payments at partner restaurants through the Zomato app and will be able to avail of discounts and cashbacks…
• Unicommerce expands international operations to 10 countries
  7 Nov 2022, retail.economictimes.indiatimes.com
  ​​Its international operations grew 250 per cent YoY in terms of order volumes in September 2022…
• Voltas to invest Rs 1,000 cr for capacity expansion
  7 Nov 2022, retail.economictimes.indiatimes.com
  The proposed investments are to support the Tata-owned air-conditioner and home appliance maker’s pace of growth, ensure its leadership status in air-conditioners and commercial refrigeration, and fulfil its aspirations to become one of the top three brands in home appliances like refrigerators and washing machines, its managing director, Pradeep Bakshi, said…
• Zomato’s intercity delivery head Siddharth Jhawar quits; Blinkit executive Kamayani Sadhwani to take over
  7 Nov 2022, retail.economictimes.indiatimes.com
  Siddharth Jhawar joined Gurugram-based Zomato in April last year from Hotstar, where he was the head of strategic initiatives. He announced his exit from Zomato in a LinkedIn post…
• Titan can achieve Rs 2,500 crore from international biz earlier than expected: CFO
  7 Nov 2022, retail.economictimes.indiatimes.com
  “In Q1 and Q2 we did not see a lot of traction, it was almost at a similar proportion to what it used to be but in quarter three we believe with the November and December month still ahead of us, we can see some positive traction. But on a LFL basis it would be very difficult to say that we should just extrapolate what we have seen in the festive season.”…
• Vi expands retail footprint with 300 new Vi Shops in rural markets
  7 Nov 2022, crn.in
  Rapid broadband penetration has led to increased digitalization in the country over the last few years. Further catalyzing digital growth by connecting the next 500 mn digitally unconnected population of the country, India’s leading telecom operator, Vodafone Idea Limited (Vi) has planned its largest retail expansion since its brand launch…
• CaratLane Records 109 Percent Growth in EBIT in Q2
  7 Nov 2022, livemint.com
  CaratLane continued its strong growth in Q2, normally a slow quarter for the year. Post an upbeat Raksha Bandhan, a moderate drop in consumer sentiment was visible in August and in September reflecting in a lower customer conversion than anticipated. The online searches for jewellery on Google too dropped during this period, reflecting this trend. However, the ensuing recovery going into the festive season was very encouraging from the start of Navratri that came at the end of the quarter…
• Village Food Courts to Launch Capriotti’s Sandwich Shop and Wing Zone in India
  7 Nov 2022, einnews.com
  Village Food Courts (VFC), a Village Groupe company, signs a multi-unit license agreement for the Republic of India with Capriotti’s Sandwich Shop (Capriotti’s) and Wing Zone. The deal includes the exclusive rights to launch both brands within VFC’s food court venues and select delivery kitchens. VFC plans to open around 50 locations over the next 5 years and for the first time, both Capriotti’s and Wing Zone will be featured together on VFC’s platform offering an unmatched range of menu items…
• India’s urban awakening catapulting the real estate boom in Tier II & Tier III cities
  7 Nov 2022, timesofindia.indiatimes.com
  Tier II and III cities are now the focal point of India’s real estate boom. For the longest time, these cities with abundant resources have remained untapped. The turning point for the growth of these cities was the government’s agenda of building 100 smart cities, ease in taking loans from banks and non-banking financial companies for development projects, and it further got a strong push with the onset of the pandemic…
• Brookfield India REIT’s net operating income up 48% at Rs 241.3 crore in Q2 FY23
  7 Nov 2022, retail.economictimes.indiatimes.com
  In a regulatory filing, Brookfield India Real Estate Trust informed that the company has declared a distribution of Rs 170.89 crore or Rs 5.10 per unit for the quarter ended September 30, 2022…
• Rising pollution pushes up air purifier sales
  7 Nov 2022, retail.economictimes.indiatimes.com
  The business of air purifier came to the spotlight around eight years ago when the AQI level of Delhi NCR and the adjoining area started hitting alarming levels in November and December. After that several companies jumped into the segment…
• Bombay Dyeing & Manufacturing Q2 net loss at Rs 93 cr; revenue up 50 pc at Rs 745 cr
  7 Nov 2022, retail.economictimes.indiatimes.com
  Its revenue from operations jumped 50.37 per cent to Rs 745.22 crore during the quarter under review as against Rs 495.56 crore in the year-ago period…
• ‘Took a good call by not going offline early in our journey’, says mCaffeine’s co-founder, Tarun Sharma
  7 Nov 2022, retail.economictimes.indiatimes.com
  While mCaffeine has completed 6 years in the industry, it entered the offline market last year in September. Commenting on why the brand forayed offline at a late stage, Sharma said, “We believe we took a good call by not going offline when we were at just Rs 50 crore revenue. We were very cautious.”…
• Alco-bev brands see no impact of inflation on consumer demand; capitalize on festive surge with new launches
  7 Nov 2022, retail.economictimes.indiatimes.com
  “We have seen our sales in the festive season double in comparison to last year,” Bira 91 said adding that it saw its premium segment amplifying across tier 2 cities in addition to metros…
• Pepsi wins battle against Hyderabad company on Mountain Dew
  7 Nov 2022, retail.economictimes.indiatimes.com
  The Telangana high court has held that beverages MNC PepsiCo has exclusive rights over ‘Mountain Dew’ trademark. In an 18-year-old dispute, Pepsi sued Hyderabad-based MagFast Beverages for selling bottled water under the label ‘Mountain Dew.’…
• Reliance set to acquire METRO Cash & Carry India in Rs 4,060 crore deal
  7 Nov 2022, retail.economictimes.indiatimes.com
  The deal includes 31 wholesale distribution centres, land banks and other assets owned by METRO Cash & Carry here, they said. This is going to help Reliance Retail, the country’s largest retailer, expand its presence in the B2B segment…
• Reliance Retail to buy 49% in Naturals Salon by first half of Q4: sources
  6 Nov 2022, business-standard.com
  Through funds raised from the deal, Naturals is planning to expand its footprint across the country. It currently runs 700 salons in 20 states and is planning to increase that to 3,000 by 2025…
• Vodafone Idea rolls out 300 Vi shops in tier 3 markets of 5 states. Details here
  6 Nov 2022, livemint.com
  The company pointed out that the Vi Shops in Tier 3 towns will provide an uniform experience to local customers, enabling quick support and handholding…
• Macrotech Developers looking to sell 5 lakh sq ft mall, 1.5-2 lakh sq ft office space: MD Abhishek Lodha
  6 Nov 2022, retail.economictimes.indiatimes.com
  Realty firm Macrotech Developers plans to sell a shopping mall near Mumbai and 1.5-2 lakh square feet office space by March as part of the company’s strategy to monetise non-core assets, its MD and CEO Abhishek Lodha said. He did not disclose the deal value of these 6.5-7 lakh square feet of commercial space. But, market sources said the value of these assets could be around Rs 800 crore…
• FMCG makers expect margins improvement and comeback of rural sales from Q3 as inflation eases
  6 Nov 2022, retail.economictimes.indiatimes.com
  In the July-September quarter, listed FMCG companies, including HUL, ITC, Dabur, Nestle, Tata Consumer, Britannia and Marico, reported pressure on their margins on similar lines as the preceding quarter and said the demand environment remained challenging with inflation impacting consumption…
• iPhone production in India to grow by 150% in 2023: analyst
  5 Nov 2022, retail.economictimes.indiatimes.com
  ​According to Ming-Chi Kuo, a Hong-Kong-based analyst, Foxconn will ramp up production in India with the medium-/long-term goal to ship 40-45% iPhones from India…
• Go Fashion (India) Q2 Reports: Firm reports PAT at Rs 19.3 crore
  5 Nov 2022, retail.economictimes.indiatimes.com
  Commenting on the financial performance, Go Fashion (India) Ltd CEO Gautam Saraogi said, “despite a challenging environment, the company has performed well in Q2 and first half of FY2022-23. Our revenues for the second quarter grew by 48 per cent year on year to Rs 166 crore highest ever quarterly revenues at Go Fashion.”…
• Samsung India sells Rs 14,400 crore worth of mobile phones in Sep-Oct
  5 Nov 2022, retail.economictimes.indiatimes.com
  “Samsung had a record festive season this year. This was an outstanding performance on account of great revenue which we posted of Rs 14,400 crore in a 60-day period starting September 1,” he said…
• ‘A single window for licences will help the restaurant biz immensely’
  5 Nov 2022, retail.economictimes.indiatimes.com
  As authorities announce plans to reduce red tape around restaurant licensing, owners of eateries say their immediate concerns are quick permissions for open air dining for restaurants in NDMC areas and licences for running 24X7 operations…
• Germany’s Metro in advanced talks over sale of Indian division
  5 Nov 2022, retail.economictimes.indiatimes.com
  Metro has been active in the Indian market since 2003, employs around 3,350 staff there and makes around 765 million euros of sales, around 2.6% of its total…
• Britannia Industries Q2 profit rises 28.5% YoY to Rs 491 crore
  5 Nov 2022, retail.economictimes.indiatimes.com
  Its total revenue from operations climbed 21.40 per cent to Rs 4,379.61 crore from Rs 3,607.37 crore in Q2 FY22…
• Sellers push for faster rollout of National Retail Trade Policy
  4 Nov 2022, indianretailer.com
  In December last year, the Ministry of Commerce had said that a draft National Retail Trade Policy has been prepared for streamlining retail trade and development of all formats across the industry…
• Retail Leasing Rises by 114 pc YoY, Crossing 3.4M sq ft in 9 Months
  4 Nov 2022, indianretailer.com
  Retail leasing in India has increased by 114 percent year on year between January to September 2022, the supply grew by 102 percent quarter on quarter in Q3 2022…
• Apple leads India premium smartphone segment with 40% share
  4 Nov 2022, retail.economictimes.indiatimes.com
  Apple led the premium segment in India with 40 per cent share, followed by Samsung and OnePlus, with registering highest ever shipment share in the country in the September quarter…
• Gillette India profit rises 6% to Rs 86.8 crore; sales 8% higher at Rs 620 crore in July-September
  4 Nov 2022, retail.economictimes.indiatimes.com
  Its revenue from operations was up 8.12 per cent to Rs 619.92 crore during the quarter under review as against Rs 573.31 crore of the corresponding quarter, Gillette India said in a BSE filing…
• Westlife Development renamed Westlife Foodworld
  4 Nov 2022, livemint.com
  The company operates owns 331 McDonald’s restaurants and 267 McCafés in West and South India. Photo by Priyanka Parashar/Mint…
• Ethos Q2 profit surges over 400% to Rs 13.6 crore; revenue grows 32% YoY
  4 Nov 2022, retail.economictimes.indiatimes.com
  “This quarter has again reinforced our belief in the strong growth that we witnessed over the last few quarters. It shows a consistent trend that reflects the transformation of the Indian market for luxury watches, with Ethos as the reference,” said Yashovardhan Saboo, Managing Director and Chairman, Ethos Limited…
• Way to expand. Startups should see acquisitions as means to grow: Starbucks co-founder
  4 Nov 2022, thehindubusinessline.com
  When Starbucks was first doing its global growth, one of its strategies was to acquire companies: Zev Siegl…
• Prataap Snacks expects double digit EBITDA in the next 2-3 quarters: Amit Kumat
  4 Nov 2022, retail.economictimes.indiatimes.com
  “We are trying to optimise our production cost and channel margin. Most of the benefits that we have taken from last year to this year, have come out of the general reduction and very little from the price increase to the consumer. Going forward also, we intend to do the same thing but not hike prices.”…
• Marico posts surprise drop in Q2 profit as rural demand slips
  4 Nov 2022, retail.economictimes.indiatimes.com
  However, the softening commodity prices would help lower prices of its hair and edible oil and drive up market share during the all-important October-December festive quarter, Marico said, adding that it expects gross margins to expand sequentially…
• Titan Q2 profit rises 34% YoY to Rs 857 crore; firm optimistic on growth for rest of FY23
  4 Nov 2022, retail.economictimes.indiatimes.com
  The jewellery business, excluding bullion, saw an 18% YoY growth in revenue to Rs 7,203 crore. Watches and wearables business revenue increased 21% on year to Rs 829 crore. The eye care business reported a 4% growth in revenue to Rs 167 crore…
• ABFRL Q2 Results: Net profit jumps five-fold to Rs 29.44 crore; revenue 50% higher at Rs 3,074.61 crore
  4 Nov 2022, retail.economictimes.indiatimes.com
  “Robust Like-to-Like and consistent e-commerce performance have been key drivers of growth in the quarter. The period also saw an increase in marketing investments post a hiatus of more than 2 years since COVID, as the company reinvigorated its focus towards brand building and strengthening consumer connect,” it said…
• Himanshu Chakrawarti elevated as CEO of Snapdeal marketplace
  4 Nov 2022, retail.economictimes.indiatimes.com
  Chakrawarti joined the e-tailer one year ago as the president of the Snapdeal marketplace business and has been leading the company’s Bharat-focused, value commerce strategy.​..
• Bikaji Foods raises Rs 262 crore from anchor investors
  4 Nov 2022, retail.economictimes.indiatimes.com
  The firm has decided to allocate 87.37 lakh equity shares to anchor investors at Rs 300 apiece, aggregating the transaction size to Rs 262.11 crore, according to a circular uploaded on BSE’s website on Thursday evening…
• Reliance plans to enter salon business, may buy into Naturals
  4 Nov 2022, retail.economictimes.indiatimes.com
  Reliance Retail is set to enter the salon business and is in talks to buy about 49% stake in Chennai-based Naturals Salon & Spa, competing directly with Hindustan Unilever’s Lakme and regional brands including Enrich and Geetanjali…
• Big brands set to miss plastic sustainability targets
  4 Nov 2022, retail.economictimes.indiatimes.com
  The study by the Ellen MacArthur Foundation and the United Nations Environment Programme also revealed that some companies- including Coca-Cola and Pepsi- are using more virgin plastic despite a pledge to reduce its use…
• Demand for gold jewellery soars to pre-pandemic level
  4 Nov 2022, livemint.com
  In the nine-month period of 2021, gold sales stood at 346 tonnes and were at 179 tonnes in 2020 due to a demand slump during the covid-led lockdowns…
• Devyani International’s Q2 profit up 22% to Rs 56.83 crore
  4 Nov 2022, retail.economictimes.indiatimes.com
  Revenue from operations in the second quarter of the current fiscal increased 44.82 per cent to Rs 747.42 crore as against Rs 516.08 crore in the year-ago period, Devyani International Ltd (DIL) said in a regulatory filing…
• Honasa Consumer logs profit of Rs 19.86 crore in FY22; revenue up two-fold to Rs 932 crore
  4 Nov 2022, retail.economictimes.indiatimes.com
  Honasa Consumer’s revenue from operations jumped over two-fold to Rs 931.75 crore in FY22…
• Dairy industry revenue likely to witness 12-14 per cent growth in FY23: Report
  4 Nov 2022, retail.economictimes.indiatimes.com
  Indian dairy companies are estimated to achieve revenue growth of 12-14 per cent in FY23 on a year-on-year basis, backed by a strong revival in demand, especially the HoReCa segment and an increase in retail prices, Icra said in a report on Thursday…
• Retail leasing rises 114% Y-o-Y, crossed 3.4 mn sq ft in 9 months: Report
  3 Nov 2022, business-standard.com
  Hyderabad, Delhi- NCR, Mumbai, and Bangalore account for 79% of overall retail space absorption…
• P&G Hygiene and Health Q1 profit dips 29.3% to Rs 154.4 crore, revenue down 1.3% to Rs 1,044.9 crore
  3 Nov 2022, retail.economictimes.indiatimes.com
  Revenue from operations fell 1.26 per cent to Rs 1,044.89 crore during the quarter under review. In the year-ago period, the same stood at Rs 1,058.30 crore, Procter & Gamble Hygiene and Health Care Ltd (PGHH) said in a regulatory filing…
• D2C baby products startup, SuperBottoms enters offline retail
  3 Nov 2022, retail.economictimes.indiatimes.com
  The D2C startup plans to open 6 kiosks in the west and north by the end of this financial year, it said in the release adding that the company is building a team to expand its presence across general trade outlets…
• Rural development ministry inks pact with Patanjali for marketing of women SHGs products
  3 Nov 2022, retail.economictimes.indiatimes.com
  In the presence of Union rural development minister Giriraj Singh, additional secretary in the ministry Charanjit Singh signed an agreement with Acharya Balkrishna, Secretary General, Divya Yog Mandir Trust on behalf of Patanjali…
• Raymond Q2 net profit jumps over two-fold to Rs 162 cr
  3 Nov 2022, retail.economictimes.indiatimes.com
  “Raymond continues to deliver high operating performance along with profitable growth for the 4th consecutive quarter, leveraging optimism in the market and improved consumer demand. Focused approach has driven growth over pre-Covid levels and cost consciousness has led to deliver yet another record profitable quarter,” said an earning statement by the company…
• Indigo Paints profit more than doubles in Q2 FY23
  3 Nov 2022, retail.economictimes.indiatimes.com
  Net profit jumped 173.8% to 370.9 million Indian rupees ($4.47 million) for the three months ended Sept. 30, from 135.5 million rupees a year earlier, the Pune-based company said in an exchange filing…
• Adani Wilmar Q2 Results: Profit plunges 73% YoY to Rs 49 crore
  3 Nov 2022, retail.economictimes.indiatimes.com
  Adani Wilmar, a joint venture between Indian conglomerate Adani Group and Singapore’s Wilmar Group, saw total expenses climb 6% to 141.5 billion rupees, while revenue from operations rose over 4% to 141.5 billion rupees. The growth pace has been dragged by a decline in mainstay edible oil…
• Priyanka Chopra’s Anomaly set for India expansion with multiple SKUs by next year
  3 Nov 2022, financialexpress.com
  Anomaly products’ price start at `750 per 325 ml shampoo bottle, which implies it is affordable but not a mass brand…
• India to be among top 3 markets in Asia for Garmin in 5 years; to add 7 brand stores by 2023
  3 Nov 2022, retail.economictimes.indiatimes.com
  Garmin, which announced the appointment of Yeshudas Pillai as the new country head for its India operations, has been witnessing double-digit growth in the country and expects the momentum to continue…
• Zomato rolls out delivery bags with ‘hotline phone number’ to report rash driving by its delivery partners
  3 Nov 2022, livemint.com
  Deepinder Goyal had said that Zomato would put a phone number on the bags of its delivery partners for people to call and report…
• KFC and Pizza Hut witnessed double digit system sales growth in India
  3 Nov 2022, business-standard.com
  Both KFC and Pizza Hut’s system sales contribution of each of the brands stood at 1 per cent in the quarter…
• Mattress startup The Sleep Company raises Rs 177 cr in Series B round led by Premji Invest
  3 Nov 2022, retail.economictimes.indiatimes.com
  The company plans to use the funds to strengthen omnichannel capabilities, invest in awareness and education, expand across international markets, and build a strong team. Sharing a future vision, Harshil Salot, co-founder of the company said, “Over the next 3-5 years, we plan to position ourselves as a comfort technology brand.”…
• Relaxo Footwears net profit falls 67% to Rs 22.4 crore
  3 Nov 2022, retail.economictimes.indiatimes.com
  Its revenue from operations was down 6.26 per cent to Rs 669.65 crore during the period under review as against Rs 714.43 crore in the corresponding period of the previous fiscal…
• Demand for apparel, FMCG, gadgets fires up festive sales
  2 Nov 2022, livemint.com
  ​ Early data from Retailers’ Association of India indicated an uptick in demand for apparel, electronics and footwear…
• How Temu is Making the Distinction Between Wholesale and Retail Irrelevant
  2 Nov 2022, thehansindia.com
  ​ Temu is the latest global marketplace that shoppers are currently swarming to as the e-commerce platform offers superior products at reasonable prices, making the distinction between retail and wholesale irrelevant…
• 8 Steps to make retail international brands successful in Indian market
  2 Nov 2022, retail.economictimes.indiatimes.com
  ​ Despite certain factors like border disputes, conflicts, changing terms of exports, and rising costs, India has been providing growth opportunities for many international brands. India is seen as one of the best investment opportunities, in the words of Mckinsey’s CEO Bob Sternfels, “It’s not India’s decade, it’s India’s century”, in the world…
• Top 10 hottest men of architecture and design industry
  2 Nov 2022, indiatoday.in
  The most sought-after list of the architecture and design industry biggies…
• Tata Consumer Products to expand presence in snacks, protein space
  2 Nov 2022, thehindubusinessline.com
  Among the key platforms, snacks and protein that will be its future engines of growth…
• Pepe Jeans Inner Fashion appoints Rishi Mohindru as CEO
  2 Nov 2022, retail.economictimes.indiatimes.com
  The inner fashion brand is a joint venture (JV), formed last year, between Dollar Industries and G.O.A.T Brand Labs ( latter with 51 per cent stake). It has licensing rights for multiple product categories in the innerwear, sleepwear and socks across men, women and kids…
• Offline to online: Maximize your retail experience capabilities
  2 Nov 2022, retail.economictimes.indiatimes.com
  ETRetail and Salesforce collaborated to deliver an exclusive roundtable conference wherein experts presented their insightful outlook on how companies can maximize their leverage on both online and offline models of retail in today’s digital-first economy. Business leaders and retail heads from world-renowned organizations unveiled their brand’s retail transformation story via this topical roundtable discussion…
• Garmin appoints Yeshudas Pillai as Country Head for India
  2 Nov 2022, retail.economictimes.indiatimes.com
  Pillai will be based out of the national capital Delhi. In this role, he will be driving stakeholder engagement, growth, and development of the brand in India, according to a statement by Garmin. The executive comes with over 16 years of experience of working in consumer electronics, consumer durables, FMCG and premium lifestyle brands…
• Falguni and Adwaita Nayar decode Nykaa’s performance, fashion business & more
  2 Nov 2022, retail.economictimes.indiatimes.com
  “Nykaa is really excited by the sheer size and market opportunity that fashion presents. It might be five to six times the size of the beauty market. So the sheer market size and opportunity is really exciting. Within that, we think there is an opportunity for multiple players to exist as with any sort of mature consumption economy, one would see multiple players existing providing different value and different propositions to the customers. ”…
• DealShare launches private brands, aims to invest Rs 500 crore in next 2-3 years
  2 Nov 2022, retail.economictimes.indiatimes.com
  With its foray into private labels, DealShare aims to bring local manufacturers to the forefront and provide value products to mass India, it said adding that it expects private brands to contribute 30 per cent to the company’s overall revenue…
• Entry of Reliance & Tata Consumer to expand beverage category, says Coca-Cola India president
  2 Nov 2022, retail.economictimes.indiatimes.com
  Ray, however, said the entry of Reliance Retail and Tata Consumer Products can result in “some disruptions at the local level” leading to consolidation, but pricing will not be a game changer…
• Lucknow’s Lulu mall creates world record for largest lamp lighting relay | Pics
  2 Nov 2022, businessoutreach.in
  Lulu Mall in Lucknow achieved the Guinness World Record for organizing the largest lamp lighting relay. 350 Lamps were lit in 39 minutes to achieve the record…
• This season, Manufacturing Companies are looking for graduates
  2 Nov 2022, businessoutreach.in
  This season, major manufacturing companies are flocking to engineering, business, and other undergraduate colleges amid the government’s continued efforts to expand activity in this field…
• Lotus Herbals acquires 20 pc stake in Yogic Secrets Healthcare
  2 Nov 2022, retail.economictimes.indiatimes.com
  Yogic Secrets Healthcare, which is engaged in the business of research-based nutraceutical products, would use the funding from the family office of Lotus Herbals to scale up their operations in India, according to a joint statement…
• P&G India announces Rs 200 crore tech fund
  2 Nov 2022, retail.economictimes.indiatimes.com
  The fund, P&G Technovate Fund, is aimed at solving business challenges with innovation and technology, the maker of Whisper sanitary napkins and Tide detergent said. This will include solutions to drive innovation across brand building and awareness, consumer research, go-to-market, and supply chain…
• Reliance Retail signs up Hardik Pandya as brand ambassador, launches athleisure brand Xlerate on AJIO Business
  2 Nov 2022, retail.economictimes.indiatimes.com
  Xlerate is focused on offering sportswear at affordable prices, with offerings starting at Rs 699, Reliance Retail added. The sports utilities offered by Xlerate includes sport shoes, athletic and lifestyle footwear, apparels such as track pants, t-shirts, shorts, and other accessories. Xlerate products are exclusively available on AJIO Business…
• Nykaa says it controlled inflation-induced fulfillment costs this quarter; to slow down hiring going forward
  2 Nov 2022, retail.economictimes.indiatimes.com
  In a post-earnings call on Tuesday, Falguni Nayar, Founder CEO of Nykaa said, “With increased warehouses, kilometers of goods traveled from our warehouses have gone down, allowing us to keep our fulfillment costs under control in an otherwise negative environment from an inflation perspective.”…
• Expect Maaza to become billion-dollar brand by around 2024: Coca-Cola India President
  2 Nov 2022, retail.economictimes.indiatimes.com
  Last week, global soft drinks major Coca-Cola Company said its lemon and lime-flavoured soft drink Sprite has become a billion-dollar brand in the Indian market…
• How Omnichannel Strategy will Drive Retail Market Growth in India
  1 Nov 2022, business-standard.com
  Shopping has always been more than a transaction, it could be compared to a tradition of sorts. It is the hallmark of festivity and gifting loved ones. For any brand, this is a period of rainfall. Retail stores get flooded with customers, stocks run out and gifts-coupons are distributed, a celebration, indeed. It is imperative that a business chooses befitting channels of distribution. For categories of products that don’t need a touch-and-feel or trial with its purchase every time, a hybrid model would work successfully. Combining offline: physical stores and online: web-based models, where orders are placed with ease, whenever wherever without restrictions. Also, the convenience of checking the entire collection in one go is an added delight…
• Reliance & Tata entry in beverages segment positive: Coca-Cola India prez
  1 Nov 2022, business-standard.com
  Ray, however, said the entry of Reliance Retail and Tata Consumer Products can result in “some disruptions at the local level” leading to consolidation, but pricing will not be a game changer…
• How ecommerce firm DailyObjects became profitable in a crowded space
  1 Nov 2022, retail.economictimes.indiatimes.com
  Daily bjects has remained unfazed despite large, entrenched and well-funded competitors in the ecommerce space and has also managed to turn profitable…
• Nykaa Q2 Results: Profit surges 344% YoY to Rs 5.2 crore; revenue jumps 39%
  1 Nov 2022, retail.economictimes.indiatimes.com
  The lifestyle retailer’s gross merchandise value or GMV rose 45% YoY to Rs 2,345.7 crore during the quarter while the gross margin improved to 45.3% in Q2 vs 42.7% in the year-ago period…
• India e-logistics industry set to touch $9 bn with e-commerce boom
  1 Nov 2022, retail.economictimes.indiatimes.com
  The number of e-commerce logistics shipments is expected to grow by four times in the next five years…
• Whirlpool of India Q2 profit down 88% to Rs 49 crore; revenue flat at Rs 1,611.54 crore
  1 Nov 2022, retail.economictimes.indiatimes.com
  Its profit after tax was down “mainly on account of rising commodity costs and inflation partially offset by cost-based price increases and cost productivity actions,” Whirlpool of India said in an earnings statement…
• Voltas swings to quarterly loss on contract termination
  1 Nov 2022, retail.economictimes.indiatimes.com
  The cooling and engineering products maker’s consolidated net loss for the three months ended September 30 was 74.1 million rupees ($896,660.21), compared with a profit of 1.04 billion rupees a year ago…
• Flipkart India revenue touches Rs 50,000 crore, losses widen 40% to Rs 3,404 crore in FY22
  1 Nov 2022, retail.economictimes.indiatimes.com
  Flipkart India’s revenue mainly comes from selling goods to these sellers, and also by selling goods through its business-to-business ecommerce marketplace to mom-and-pop stores across the country…
• Cantabil Retail India opens three new showrooms in October 2022
  1 Nov 2022, indiainfoline.com
  With this, the total number of Showrooms / Shops of the Company stands at 424, the company said…
• Less affluent households spend 2,000 on monthly groceries
  1 Nov 2022, livemint.com
  NEW DELHI : India’s “super spender” households spend an estimated ₹7,200 per month on groceries, while less affluent households spend slightly over ₹2,000, according to data released by Kantar…
• Tilaknagar Industries to acquire 19.50 pc stake in Incredible Spirits for Rs 1 cr
  1 Nov 2022, retail.economictimes.indiatimes.com
  Incredible Spirits Pvt Ltd (ISPL) was founded in 2020 by former alco-bev industry professionals Arun Raina and Pranav Teredesai. It sells alcoholic RTD products under the brand name SWIGGER…
• India’s gold demand dips as inflation hits rural buyers
  1 Nov 2022, retail.economictimes.indiatimes.com
  The lower purchases in the world’s second-biggest gold consumer could weigh on prices, which are trading near their lowest level in more than two-years…
• India’s inflation may be lower than data suggests, report says
  1 Nov 2022, retail.economictimes.indiatimes.com
  This month, the RBI called an unscheduled meeting to report on why it’s failed to keep the numbers down. Retail inflation accelerated to a five-month high in September, marking the third-straight quarter when price gains stayed above 6%…
• Retail inflation rises to 6.49 pc, food inflation at 7.76 pc for industrial workers in September
  1 Nov 2022, retail.economictimes.indiatimes.com
  The All-India CPI-IW (Consumer Price Index-Industrial Workers) for September, 2022 increased by 1.1 points and stood at 131.3. On 1-month percentage change, it increased by 0.84 per cent with respect to previous month compared to an increase of 0.24 per cent recorded between corresponding months a year ago…
• Dunzo says 60% of biz from q-commerce arm
  1 Nov 2022, financialexpress.com
  “Financial year 2023 is going to be focused on rapidly growing its quick commerce business and achieving market leadership in multiple geographies, while moving towards stronger unit economics,” the company said in a release…
• Zomato revises policy, allows users to report health violations
  1 Nov 2022, retail.economictimes.indiatimes.com
  The move came after a user tweeted on Sunday that a review she had posted on Zomato about suffering food poisoning at a Bengaluru restaurant had been taken down by the platform citing the content policy…
• Walmart India FY22 loss widens to Rs 299 crore; revenue up 7% to Rs 5,350 crore
  1 Nov 2022, retail.economictimes.indiatimes.com
  The company’s revenue in FY22 grew 6.9% to Rs 5,349.98 crore as compared to Rs 5,004.88 crore for the financial year ended on March 31, 2021…
• How the retail industry can leverage the gig economy during the festive season
  31 Oct 2022, economictimes.indiatimes.com
  The festive season, starting from Durga Puja and ending with Diwali, is considered to be the high-value annual sales event for enterprises, as consumer demand spikes to zenith. After two years of Covid-led impact on festive shopping, there has been a surge in consumer demand, despite the inflationary concerns. From consumer electronics to fashion to home decor, according to the survey of the Retailers Association of India, the bumper sales in this festive season were expected to push the online retail gross merchandise value to $68 billion in 2022, up 30% from last year…
• Retail penetration in India has a lot of catch-up to do, according to Cushman & Wakefield analysis
  31 Oct 2022, economictimes.indiatimes.com
  India’s top three cities will need 9 million square feet of retail space every year till 2027 to reach the level of organised retail area available in a country to match cities of a small country like Vietnam’s retail space per capita (RSPC), according to an analysis by Cushman & Wakefield. Currently India adds about 3.8 million sq ft of retail area every year with developers mostly focusing on office and residential assets…
• Panasonic Q2 profit falls 11% but exceeds estimates
  31 Oct 2022, retail.economictimes.indiatimes.com
  It reported 86.1 billion yen ($582.54 million) in operating profit for the three months to end-September, versus an average 81.6 billion yen profit estimated by nine analysts, according to Refinitiv data…
• Tackling supply chain issues in the consumer durables market
  31 Oct 2022, financialexpress.com
  The semiconductor shortage and dependency on Chinese suppliers is a challenge that will take some time to be resolved…
• Cremica Foods plans ₹50–100 crore investment to expand capacities
  31 Oct 2022, thehindubusinessline.com
  Defers decision to go public as the current situation is not conducive enough, says Cremica’s chief…
• After lukewarm festive period, traders now look to bounce back in wedding season
  31 Oct 2022, retail.economictimes.indiatimes.com
  Following a lukewarm business by several sectors like garments, jewelry, two-wheelers in the automobile sector in the festival season so far, traders are looking forward to the wedding season for a boost to the volume of their business, which is beginning on November 4…
• Air purifier sales rise amid bad air as people take off masks
  31 Oct 2022, retail.economictimes.indiatimes.com
  The air quality in Delhi-NCR has already hit the ‘very poor’ category and is forecast to deteriorate further this week due to weather patterns and stubble burning. Pollution levels are also increasing in other metros and cities. Brands said Covid and the resultant stress on health and hygiene among consumers is boosting air purifier sales. LG Electronics India vice president Deepak Bansal said consumers are now much more sensitive to health issues, with sales picking up the week before Diwali…
• Emami Agrotech plans to invest in soyabean, mustard oil categories; expand distribution
  31 Oct 2022, retail.economictimes.indiatimes.com
  Emami Agrotech aims to increase its soyabean and mustard oil distribution reach to around five lakh direct outlets and invest in e-commerce and modern trade, which are expected to significantly contribute to the brand’s growth going forward…
• Amazon to shut seller firm Appario in a year, renews Frontizo JV for three years
  31 Oct 2022, retail.economictimes.indiatimes.com
  In a joint statement, the two parties said the joint venture has been renewed for three years but Appario will cease to be a seller on both Amazon India and Amazon India Business – the wholesale platform – within a year…
• The declining middle class leaves politics unruffled
  31 Oct 2022, theprint.in
  The Congress and the united Opposition need to show economic leadership. They have described the symptoms of the economic crisis but failed to create a narrative that goes beyond it…
• NCR has a graveyard of ghost malls—eerie storefronts, broken mannequins, mammoth losses
  31 Oct 2022, theprint.in
  When a mall dies, proprietors and owners brace themselves for losses that can run into crores, while employees wake up every day with dread…
• Diwali boost: Commodities, confectionery lead FMCG sales growth in Oct
  31 Oct 2022, financialexpress.com
  While sales were 5.2% higher than the corresponding period last year, just in the Diwali period, they grew 10.6% over the festive week last year…
• A dull festive season with very few orders
  31 Oct 2022, financialexpress.com
  Surat textile workers on unpaid, longer Diwali vacation…
• How will metaverse change the shopping experience?
  31 Oct 2022, business-standard.com
  Mark Zuckerberg is doubling down on his efforts to take metaverse to the next level, despite investors’ pessimism. So where does metaverse stand now? And how it may change your shopping experience?…
• ‘Lipstick effect’ starts fading for consumer beauty groups
  31 Oct 2022, retail.economictimes.indiatimes.com
  This year, however, persistently high inflation and gloomy economy forecasts haven’t led to a boom in impulse buys. In the US, there was a 2.1% drop in sales of face care items in the 12 months to Oct. 1 compared to a year earlier, NielsenIQ estimates, even as inflation helped push up sales in dollar terms. And in Europe, more than one in five consumers expect to spend less on make-up and skincare in the coming months, according to McKinsey & Co. Inc research…
• Indian arms of FMCG companies beat global parents in business
  31 Oct 2022, retail.economictimes.indiatimes.com
  At present, HUL’s market valuation at $72 billion is about 62% of its parent’s market cap of $115 billion, while its revenue is over 10% of Unilever group sales…
• Consumer Forum fines Amazon
  31 Oct 2022, retail.economictimes.indiatimes.com
  The Forum found that Amazon had violated the Consumer Protection Act and gave a fake advertisement…
• How immersive technology is transforming fashion and online shopping
  30 Oct 2022, business-standard.com
  From spray-painted dresses to feeling the texture of a fabric on screen, fashion and shopping are becoming tech-immersive..
• Productive Q2. Home and personal care products bounce back in Q2
  30 Oct 2022, thehindubusinessline.com
  FMCG players witnessed a subdued growth in hygiene products…
• Why hybrid retail formats are the future of retail in India
  29 Oct 2022, retail.economictimes.indiatimes.com
  The retail sector has been completely upended by the Covid-19 pandemic, which has forced the closure of physical stores and raised questions about the future of the in-store experience. Many retailers are struggling to properly service customers through other channels as a result of these unexpected developments. Retailers that prioritized physical stores and face-to-face engagement above omnichannel strategies have found it more difficult to adapt than multichannel and digital-first retailers…
• Global smartphone market sinks to lowest Q3 level since 2014: Report
  29 Oct 2022, retail.economictimes.indiatimes.com
  Xiaomi, OPPO and vivo, recovered slightly after receiving heavy beatings due to lockdowns in China in Q2, and as they captured more of the market ceded by Apple and Samsung’s exit from Russia…
• Lego to discontinue buildable robot kits
  29 Oct 2022, retail.economictimes.indiatimes.com
  The Mindstorms kits which allow users to build robots out of Lego bricks, pins, beams, motors, gears, and other parts and then programme them using the control hubs, has been stopped, reports The Verge…
• BL interview. Tata consumer products to touch 1.5 million outlets in terms of direct reach by December
  29 Oct 2022, thehindubusinessline.com
  Tata Consumer Products has been doubling down on innovations and growing its distribution in recent times. In an interaction with businessline, Sunil D’Souza, MD and CEO of Tata Consumer Products talked about expectations of rural distress easing on the back of festival season, ramping up direct reach to 1.5 million outlets and strong focus on R&D. Edited excerpts:..
• The Red Bull billionaire’s secret recipe for success
  29 Oct 2022, retail.economictimes.indiatimes.com
  Red Bull sold almost 10 billion servings in 2021 — one for every person on the planet — and revenue jumped 24% to 7.8 billion euros ($7.8 billion). Not bad for a company based in a sleepy Alpine village…
• Dabur sharpens focus on F&B to beat inflation
  29 Oct 2022, financialexpress.com
  “We have a vision to expand our beverage portfolio to a food and beverage portfolio. We have a 70% market share in the beverage play, but we would like to extend this to the food segment,” Mohit Malhotra, CEO, Dabur India, told analysts over the earnings call for the quarter ended September…
• Asia Gold: Indian market gets festive spark, China premiums stay high
  29 Oct 2022, retail.economictimes.indiatimes.com
  “Retail demand gained momentum this week because of Diwali. Prices were also attractive,” said Ashok Jain, proprietor of Mumbai-based gold wholesaler Chenaji Narsinghji…
• Online shopping via Flipkart? Now pay extra for cash on delivery orders
  29 Oct 2022, livemint.com
  Currently, Flipkart charges delivery fees for products below a certain price category…
• Indians buying more but smaller grocery packs
  29 Oct 2022, retail.economictimes.indiatimes.com
  Average monthly sales of fast-moving consumer product (FMCG) packs in the country stood at 19.2 billion, or 62 packs per household, from April to August 2022, significantly higher than monthly sales of 15 billion packs, or 51 packs per household, before the Covid-19 outbreak, research firm Kantar said in its FMCG Pulse report…
• FMCG firms explore ways to beat inflation, create demand
  29 Oct 2022, livemint.com
  Most FMCG companies expect demand trends to start improving towards end of the December quarter. ht…
• Mondelez India Q2 net profit falls 2.3% to Rs 977.9 crore; sales up 15.9%
  29 Oct 2022, retail.economictimes.indiatimes.com
  Its total income also went up 15.64 per cent to Rs 9,296.02 crore for the financial year that ended on March 31, 2022. It was Rs 8,038.10 crore in FY21…
• Coca-Cola India FY22 profit up 3.8% to Rs 460.35 crore; revenue rises 36% to Rs 3,121 crore
  29 Oct 2022, retail.economictimes.indiatimes.com
  The company, which operates with power brands in Indian markets, including Coca Cola, Thums Up, Limca, Sprite, Maaza and Minute Maid, is part of Atlanta-based US beverages major The Coca-Cola Company…
• Ikea India records net loss of Rs 902 crore in FY22; sales up by 77%
  29 Oct 2022, retail.economictimes.indiatimes.com
  Home furnishings retailer Ikea’s Indian unit recorded a net loss of Rs 902.8 crore in FY22. The net loss widened this year as compared to Rs 809.8 crore in the preceding year, according to financial data accessed by business intelligence platform Tofler. The net sales/revenue of Ikea India Pvt Ltd from operations went up by 77.07 per cent to Rs 1,076.1 crore in FY22. It was at Rs 607.7 crore during the financial year that ended in March 2021…
• FMCG startup Himshakti raises Rs 17 lakh in pre-seed round
  28 Oct 2022, retail.economictimes.indiatimes.com
  Himshakti plans to use the funds for marketing, sales, and improving the packaging quality of its products, it said in the release…
• NIC Natural ice creams restrained from using ‘Natural’ trademark
  28 Oct 2022, retail.economictimes.indiatimes.com
  Delhi High Court has restrained the makers of NIC Natural Ice Creams from using marks ‘Natural’ or ‘Naturals’ in its products…
• Malabar becomes 1st Indian jeweller to import 25Kg gold to UAE under CEPA
  28 Oct 2022, retail.economictimes.indiatimes.com
  In May 2022, Malabar Gold and Diamonds became one of the first beneficiaries of India-UAE CEPA when it received the permission to export jewellery from India to the UAE with tax concessions. Under the agreement, the UAE government has waived the five percent import duty into the UAE. The CEPA between India and the UAE came into effect on May 1, 2022 after Union Commerce and Industry Minister Piyush Goyal and UAE Minister of Economy Abdulla bin Touq Al Marri signed the agreement in Delhi in February 2022…
• Myntra revenue jumps 45% to Rs 3,501 crore, losses widen 40%
  28 Oct 2022, retail.economictimes.indiatimes.com
  Myntra’s revenue growth rate, even though on a smaller base, surpassed parent Flipkart’s marketplace business’s revenue growth rate, which posted a 33% jump in revenue for FY22…
• Bacardi India enters Indian-made whisky segment
  28 Oct 2022, retail.economictimes.indiatimes.com
  With this launch, the company aims to strengthen its brown spirits portfolio in the country and tap into the large consumer base in the premium whisky segment. India is one of the fastest growing markets for the brand globally, and the organization is rapidly investing behind its strategic and ambitious vision for the market, it said in the press release…
• Flipkart marketplace arm revenues jump 33% to Rs 10,476 crore, losses widen 1.5x
  28 Oct 2022, retail.economictimes.indiatimes.com
  Revenue from Flipkart’s marketplace services remained largely flat at Rs 2,823 crore while that from advertisements increased 50% to Rs 2,083 crore. The Indian company is the top contributor to parent Walmart’s ad revenue globally…
• Foreign funds raise bets on retail realty amid higher rental incomes
  28 Oct 2022, outlookindia.com
  Share of the retail sector in total commercial investments in the country is at its highest in years as foreign funds are betting big on the segment that seems to have overcome the pandemic blues with rental collections breaching pre-Covid levels…
• Pros And Cons Of Investing In Commercial Real Estate
  28 Oct 2022, outlookindia.com
  Why commercial real estate investment could be a better alternative over other property options…
• Apple’s revenue, profit up despite slowing economy; not immune to recession
  28 Oct 2022, business-standard.com
  Apple managed to boost its sales, profit during summertime quarter that depressed fortunes of many major tech companies, but that doesn’t necessarily mean it will be immune to a potential recession…
• Choco sales up, but beverages plunge
  28 Oct 2022, retail.economictimes.indiatimes.com
  It’s been a Diwali ‘dhamaka’ in sales of branded commodities as well as chocolates & confectionery this month. But there’s a word of caution for categories like home care, personal care, beverages and packaged foods as sales of these have shrunk during October 1 to 24, on a month-on-month (MoM) basis…
• McDonald’s tops profit estimates, draws low-income customers
  28 Oct 2022, retail.economictimes.indiatimes.com
  Like other fast-food chains, McDonald’s raised prices of its burgers and fries to keep up with surging commodity and labor costs. Its U.S. menu prices rose over 10% in the third quarter ended Sept 30 versus the prior year…
• Unilever spots value growth in India amid decline in volumes
  28 Oct 2022, livemint.com
  New Delhi: Indian markets are reporting weakness in consumption due to impact of inflation that is especially hurting demand in India villages, Unilever Plc’s chief executive officer Alan Jope said on Thursday. Despite this Indian markets continue to grow in value even as volumes are declining…
• Over 900 eateries exit Swiggy Dineout citing deep discounts
  28 Oct 2022, livemint.com
  The move comes a month after NRAI cautioned its partner-members against programmes being offered by Swiggy. Bloomberg…
• Amazon quarterly profit slips as shoppers seek bargains
  28 Oct 2022, retail.economictimes.indiatimes.com
  Customer response to big Amazon sales events in the past four months has been “quite positive” and “it’s clear that particularly during these uncertain economic times, customers appreciate Amazon’s continued focus on value and convenience,” said Amazon chief executive Andy Jassy…
• Witnessed strong growth in Q3 in Indian market, says Unilever
  28 Oct 2022, retail.economictimes.indiatimes.com
  Its Asia Pacific Africa zone under which India falls reported a turnover of 7.1 billion euro, with underlying sales grew 12.5 per cent driven by strong performances from home care and ice cream segments…
• Reliance Retail Plans to open small stores to sell electronics
  28 Oct 2022, retail.economictimes.indiatimes.com
  Reliance Retail had earlier run a chain of small-sized stores under the brand Digital Express, which were shut down and converted to My Jio stores selling Jio connections and some mobile phones…
• Diwali’s impact on economy: Retail business may cross 1.5 lakh crore, gold sales 20% higher
  27 Oct 2022, zeenews.india.com
  As India celebrates the festive season of Diwali, take a look at its impact on the economy of the country…
• M3M India to invest Rs 700 crore on new retail real estate project in Gurugram
  27 Oct 2022, moneycontrol.com
  The company said in a statement that it has launched a retail project – ‘M3M Capitalwalk’ in sector 113, Gurugram, on the 150-metre-wide Dwarka Expressway…
• V-Guard Q2 net profit dips 26.5% to Rs 43.6 crore; revenue up 8.7% to Rs 986 crore
  27 Oct 2022, retail.economictimes.indiatimes.com
  “Margins for the quarter were impacted by sale of higher cost Wires inventory at relatively lower realizations due to fall in copper prices. Even in the other categories, input costs remain significantly higher than long-term averages, despite some reduction seen in the last few months,” V-Guard Industries Managing Director Mithun K Chittilappilly said…
• Samsung Electronics says Q3 operating profit down 31% on-year
  27 Oct 2022, retail.economictimes.indiatimes.com
  The results were released the same day the company announced de facto leader Lee Jae-yong — who received a presidential pardon in August over a fraud conviction — would be promoted to chairman of Samsung Electronics…
• PC Jeweller posts quarterly profit on festive gold demand
  27 Oct 2022, retail.economictimes.indiatimes.com
  Profit stood at 859.2 million rupees ($10.44 million) for the three months ended Sept 30, compared to a loss of 788.9 million rupees a year earlier…
• Puma confirms operating profit, sales outlook after Q3 results
  27 Oct 2022, retail.economictimes.indiatimes.com
  The company said its earnings before interest and taxes (EBIT) rose by 12.6% on the year to 258 million euros ($257 million) while third-quarter sales rose a currency-adjusted 16.9% to 2.35 billion euros ($2.34 billion)…
• Shiprocket enables inter-city logistics for small merchants on ONDC
  27 Oct 2022, retail.economictimes.indiatimes.com
  “Our mission is to reach every independent retailer in the country and enable them with state of the art technology that can help them better manage their delivery and customer experience and be able to compete on even keel with the larger platforms that are out there,” said Saahil Goel, Co-Founder, Shiprocket…
• Swiggy denies exodus of high-end cafes, restaurants from Dineout
  27 Oct 2022, retail.economictimes.indiatimes.com
  A Swiggy spokesperson told IANS that Swiggy Dineout works with over 15,000 restaurant partners on the platform in over 20 cities and continuously engages with them to improve its offering and make this partnership viable for everyone…
• SUGAR Cosmetics appoints Marico’s Amit Aggarwal as Chief Financial Officer
  27 Oct 2022, retail.economictimes.indiatimes.com
  Prior to joining SUGAR, Aggarwal was leading the Finance team at Marico Limited as their Head of Finance – India Business. With over two decades of experience, he has also been associated with large multinational companies such as Nestle India, and Price Waterhouse Cooper…
• Chain stores comprise 35% of India’s retail gold jewellery market: report
  29 Sep 2022,livemint.com
  Gold jewellery chain stores have grown over the last 10-15 years, gaining 35% market share as of 2021, driven by evolving consumer preferences and government regulation that has encouraged the industry to become more organised, according to a report by the World Gold Council….
• Visual Product Discovery: Future of Online Shopping in India
  29 Sep 2022,indianretailer.com
  Shoppers know exactly what they are looking for but have a hard time finding it using text search and are often recommended an overwhelming selection of unrelated products….
• India Jewellery Retail Market Moving Towards Robust, Organised Eco-System; Chain Store Share Rises To 35%: WGC
  29 Sep 2022,gjepc.org
  The World Gold Council launched a report titled ‘Jewellery market structure’, as part of a series of in-depth analysis on the Indian gold market….
• Lego posts strong growth on robust demand, new store openings
  29 Sep 2022,retail.economictimes.indiatimes.com
  Prompted by higher costs of energy, freight and plastic resin, Lego in August increased prices for some of its products, although products aimed at children had mostly been shielded against price increases, Christiansen said….
• Domino’s Bengal food plant to be ready in 1 year; begins local flavour experiment
  29 Sep 2022,retail.economictimes.indiatimes.com
  “We have just got the land. We are trying to make the plant operational in a year from now. The plant will produce ingredients and products meant for captive consumption to run its pizza stores,” Jubilant Foodworks CEO and MD Sameer Khetarpal said….
• Share of chain stores in Indian retail jewellery market to touch 40% in 5 years
  29 Sep 2022,retail.economictimes.indiatimes.com
  “Demand for better designs and consumer experience, a growing awareness about hallmarking, better pricing structures and competitive return policies, as well as the introduction of GST and demonetisation, have all accelerated the shift towards chain stores,” WGC said….
• Global recession increasingly likely as cost of living soars: Chief economists’ survey
  29 Sep 2022,retail.economictimes.indiatimes.com
  According to the WEF chief Economists Outlook report, real wages are expected to continue falling across the world in 2022-2023 and the cost of living crisis is threatening social unrest, though inflationary pressures are expected to ease in the next year….
• ICRA maintains India’s FY23 GDP growth forecast at 7.2%
  29 Sep 2022,livemint.com
  Rating agency ICRA has maintained its forecast of 7.2% growth in India’s GDP for the financial year FY23. According to ICRA, the growth will be aided by a revival in contact-intensive services owing to pent-up demand, and a back-ended pick-up in Government and private CAPEX….
• Amazon India’s erstwhile biggest seller Cloudtail revenue jumped 15% before shutdown
  29 Sep 2022,retail.economictimes.indiatimes.com
  Cloudtail’s biggest expenditure was related to purchase of inventory, which rose around 6% to Rs 15,492 crore….
• Consumer sentiment favorable, inflation not a major hindrance this festive season, says Anuj Sethi, Senior Director, CRISIL Ratings
  29 Sep 2022,retail.economictimes.indiatimes.com
  Commenting on the situation on the ground, Anuj Sethi, Senior Director, CRISIL Ratings shared with ETRetail that the consumer sentiment for the festive season is favourable and high inflation which has resulted in an increase in end-product prices across categories is not emerging as a major hindrance in customer purchase decisions….
• Delhi govt writes to Centre with recommendations to simplify retail trade
  29 Sep 2022,retail.economictimes.indiatimes.com
  Among the recommendations are, the introduction of a single ID system for simplified registration of businesses, and establishing a strict monitoring and evaluation framework in the Central Inspection System (CIS) to minimize duplication in inspections….
• Tata Industries to hive some startup businesses off to Tata Digital
  29 Sep 2022,retail.economictimes.indiatimes.com
  The development comes amid a larger group consolidation strategy led by its principal investment holding company, Tata Sons, which has been merging similar businesses housed in various Tata group companies to tap synergies, cut costs and focus on building scale and competitive edge….
• Relaxo hopes to gain market share over next 3 – 4 months; expects its Sparx, rubber hawaii portfolio to become Rs 1,000 cr brand each soon
  29 Sep 2022,retail.economictimes.indiatimes.com
  In the company’s total revenue of Rs 2,653 crore for FY 2021-22, its hawaii slippers under Relaxo and Bahamas combined, Sparx, and Flite contributed equally to the pie, shared Dua. He further added that he hopes Relaxo’s rubber hawaii and Sparx to become a Rs 1,000 crore brand each soon….
• Rajeev Ranjan elevated as MD of McDonald’s India North & East
  29 Sep 2022,retail.economictimes.indiatimes.com
  McDonald’s India North & East has elevated Rajeev Ranjan as its managing director. Ranjan has been chief operating officer of the quick service restaurant chain since last year….
• Zomato says confident to make profit from inter-city food delivery
  29 Sep 2022,retail.economictimes.indiatimes.com
  Online food aggregator Zomato on Wednesday said that its inter-city food delivery will start making profit even at “a slight scale” amid concerns of the service being a logistical nightmare and a high cash-burn model….
• Bata plans to develop India as a sourcing hub, says CEO
  28 Sep 2022,livemint.com
  Bata Corp. is exploring ways to scale its India business into a sourcing hub for exports, as it seeks to diversify production and procurement beyond China, Sandeep Kataria, global chief executive officer, Bata Group, said in an interview….
• Footwear brand Solethreads plans offline retail expansion
  28 Sep 2022,thehindu.com
  Solethreads, a casual footwear brand said it was expanding retail presence in tier 1 and Tier 2 cities to increase its footprint in the country….
• What explains the bumper retail sales this festival season?
  28 Sep 2022,business-standard.com
  Nip is in the air and festival season is drawing close. And it is raining offers. Both online and offline sellers are offering heavy discounts in hope of making up for the loss of previous years….
• Metro Brands Partners with ECCO for Retail Expansion
  28 Sep 2022,indianretailer.com
  Metro Brands will retail ECCO’s formal collection for both men and women in strategically selected Metro and Mochi stores located across India….
• Fashionista to hold shopping fairs in Bilaspur and Nagpur
  28 Sep 2022,apparelresources.com
  Fashionista will hold festive editions in Bilaspur and Nagpur this October to showcase Indian brands’ latest collections for the winter wedding season….
• PMJ Jewels Opens its First Small Format Mall Store in Hyderabad
  28 Sep 2022,indianretailer.com
  PMJ Jewellers, South India’s most loved fine jewelry brand, launched its 1st small format mall store, at Sarath City Capital Mall, Kondapur. This is PMJ’s 1st store in the new format and the 27th store in South India, the 6th store in Hyderabad, and states the intent of the brand’s aggressive expansion plans….
• Festive buyers fancy premium appliances
  28 Sep 2022,livemint.com
  Premium models of washing machines, air conditioners and television sets are expected to drive appliance sales during the festive season, which kicked off in northern India on Monday, as consumers seek out new features and technologies, industry executives said….
• Demand for luxury products exposes widening inequality in India
  28 Sep 2022,retail.economictimes.indiatimes.com
  Consumer-goods makers are reporting robust demand for items priced nearly $2,000 in a nation where per-capita income is just a tad above that level, while industry data on sales of budget phones priced below $100 and motorcycles, an indicator of rural demand, are showing a weaker trend….
• E-commerce firm Sadar24 digitises Old Dehli’s Sadar Bazaar
  28 Sep 2022,retail.economictimes.indiatimes.com
  Sadar24 is an aggregator e-commerce platform that works to connect SME, MSME, small vendors, traders, and unorganised markets involved in manufacturing & trading of different products….
• Experiential retail key to drive customer engagement
  28 Sep 2022,retail.economictimes.indiatimes.com
  Experiential retail is now counterbalancing the widespread availability of e-commerce, ensuring that enhancing a brand’s physical presence as a strategy pays off. This can be extremely beneficial against the background of pent-up demand among consumers who had been forced into isolation for two years but are now emerging from their homes following a widening vaccination net….
• Reliance Retail launches fashion departmental store format ‘Reliance Centro’; opens first outlet in Delhi
  28 Sep 2022,retail.economictimes.indiatimes.com
  The company launched the first Reliance Centro store in Vasant Kunj, Delhi, today. The new store is spread across an area of 75,000 square feet and hosts more than 20,000 style options for all seasons and ages, the company said….
• E-commerce firms sell goods worth Rs 24,500 crore in first four days of festive season sales: report
  28 Sep 2022,retail.economictimes.indiatimes.com
  Besides, fashion saw a 4.5x jump in terms of Daily Average GMV (gross merchandise value) compared to business-as-usual (BAU) days to reach Rs 5, 500 crore in the first four days, it added….
• Reliance Industries shelves plan for separate ecommerce marketplace for third-party sellers
  28 Sep 2022,retail.economictimes.indiatimes.com
  The Mukesh Ambani-led company is now building JioMart as a full-fledged marketplace with presence across categories to take on market leaders Amazon and Flipkart, they said….
• Woodland adopts online retail!
  27 Sep 2022,apparelresources.com
  The global footwear and clothing brand Woodland is all set for a change and has adopted online retail in post-Covid era….
• India’s retail inflation to exceed 6% until end of 2022, says S&P
  27 Sep 2022,financialexpress.com
  Global rating agency S&P on Monday maintained its economic growth forecast for India at 7.3% for FY23 and 6.5% for FY24, with “risks tilted to the downside”. It also predicted retail inflation to stay above the central bank’s medium-term target of 2-6% until the end of 2022….
• 10 Top Retail Trends to Watch
  27 Sep 2022,applause.com
  From novel technologies to changing consumer attitudes, Applause has selected 10 top retail trends to watch….
• Samsung to lure 175 million existing India customers with cashback card
  27 Sep 2022,retail.economictimes.indiatimes.com
  Samsung’s move to offer cashbacks to customers through its new card partnership comes after it lost smartphone market share over time to Chinese rivals such as Xiaomi, Oppo and Vivo, who offer many budget smartphones in the world’s second largest mobile market….
• DIZO partners Optiemus Electronics to manufacture products in India
  27 Sep 2022,retail.economictimes.indiatimes.com
  “From selling out products within minutes of first sale to touching 1 million consumer base in just five months of inception to being rated as one of the top five smartwatch brands and fastest growing brands in audio wearables, our journey has been nothing less than a dream come true,” said Abhilash Panda, CEO, DIZO India….
• Plum Goodness aims to double its revenue to ₹500 crore in FY23
  27 Sep 2022,thehindubusinessline.com
  Plum Goodness, the homegrown D2C brand aims to double its revenue to ₹500 crore in FY23, said a top official. The brand plans to triple its store count and over 100 SKUs in the fiscal year….
• Flipkart’s Samarth programme sees 300% growth in seller base from last year, says company
  27 Sep 2022,financialexpress.com
  Ease of doing business for MSMEs: “This was brought about by securing multiple strategic engagements with the state and central ministries, departments and entities across India like the Ministry of Rural Development, Department of MSME UP, Department of Industries Jharkhand, Uttarakhand, Industry of Commerce Department, Assam, Tamil Nadu MSME Department, and Jammu & Kashmir Trade Promotion Organization,” said Flipkart….
• Amazon to hold holiday shopping event in October
  27 Sep 2022,retail.economictimes.indiatimes.com
  During the Oct. 11-12 event, Amazon Prime members will get early access to discounted items. The “Prime Early Access Sale” follows Amazon’s annual Prime Day in July….
• Raymond CFO sees ‘very strong’ demand for next six months, says no immediate impact of rate hikes
  27 Sep 2022,retail.economictimes.indiatimes.com
  Amit Agarwal expects at least a 30% rise in demand in the lifestyle business and good momentum in the real estate business….
• Noise bets on local manufacturing; sees strong potential in tier 2 and 3 cities
  27 Sep 2022,retail.economictimes.indiatimes.com
  In FY22, its total revenue stood at Rs 850 crore. The company has grown almost 2.5 times in the last fiscal as compared to its revenue of Rs 350 crore in FY21 and expects more than 100 per cent year-on-year growth this year. Currently, its offline sales contribute about 20 per cent to its overall business….
• BigBasket looks to raise $200 million at up to $3.5 billion valuation
  27 Sep 2022,retail.economictimes.indiatimes.com
  Bengaluru-based BigBasket’s holding company Supermarket Grocery, of which Tata owns 62%, filed documents with the Registrar of Companies (RoC) recently about plans to increase the authorised share capital of the firm, typically an indication of a fresh cash infusion on the cards….
• PVR to invest Rs 350 crore for 100 new screens in FY23; expects Inox merger to close by Feb next year
  27 Sep 2022,retail.economictimes.indiatimes.com
  Pointing to the company’s performance in the April-June quarter, he said patrons are coming back to halls to enjoy the cinema experience and the food and beverage sales are also up, which makes it more optimistic about expansion….
• Brands have a responsibility to respect what consumers feel: Ranjani Krishnaswamy, Titan
  26 Sep 2022,exchange4media.com
  Krishnaswamy, General Manager of Marketing, says that the brand aims to make the most of the festive season and AdEx this year is 20-25 per cent upwards compared to the pre-covid times….
• Top 10 Best Shopping Mobile Apps In India 2023
  26 Sep 2022,inventiva.co.in
  One of the economies in the world with the quickest growth rates is India. If you can do something in India, you have already conquered the world. Shopping is enjoyed by how many people? What a silly question—who doesn’t enjoy shopping?….
• What drives Mensa
  26 Sep 2022,yourstory.com
  Ananth Narayanan, Founder of Mensa Brands, takes us through the building blocks of taking brands from India to the world….
• Offline retail, evolving credit and the need for change
  26 Sep 2022,timesofindia.indiatimes.com
  India has been leading the wave of digitisation in developed countries for some time, setting an example for others to follow. However, the digital divide between rural and urban settings has been central to the debate around how India progresses on the world stage….
• Experiential Retail: The driving force behind the growth of Indian retail industry
  26 Sep 2022,financialexpress.com
  Mall developers have realised that customer engagement is critical to surviving in the competitive retail environment. Thus, they are driving innovation and adapting to emerging trends to create an indelible shopping experience for consumers….
• Space dedicated to food and beverage companies in malls on the rise post pandemic
  26 Sep 2022,businessinsider.in
  Malls in India are no longer just shopping hubs but places where consumers visit to grab a cup of coffee or have dinner with loved ones….
• Nestle open to inorganic growth opportunities in India
  26 Sep 2022,thehindubusinessline.com
  Swiss packaged food major Nestle, which announced plans for ₹5,000-crore investments in India over the next three and half years, said its open to inorganic growth opportunities in the country….
• Walkaroo building new manufacturing unit in Rajasthan, looks to tap northern market
  26 Sep 2022,retail.economictimes.indiatimes.com
  With two-thirds of the revenue contributed from the southern region, the company expects to garner a topline of Rs 2,100 crore during the current financial year, Walkaroo International Ltd Director Rajesh Kurian said on Sunday….
• Softbank-backed Meesho records 80% jump in sales on day 1 of festive season sale
  26 Sep 2022,retail.economictimes.indiatimes.com
  The company said that it has received orders from deep corners of the country such as Jamnagar, Alappuzha, Chhindwara, Davengere, Hassan, Gopalganj, Guwahati, Siwan, Thanjavur and Ambikapur….
• Amazon India customer base from tier 2, 3 cities jumps 2-fold during festive season sale
  26 Sep 2022,retail.economictimes.indiatimes.com
  The festive season sale of the company started from September 23 and will end before Diwali next month. The company gave 24 hours early access to Prime members….
• JioMart amps up festive season offerings to take on Flipkart and Amazon
  26 Sep 2022,livemint.com
  Reliance Retail’s digital commerce platform JioMart is gearing up for the festive season as its readies to compete with the likes of Flipkart and Amazon this year. The platform will operate like a marketplace offering multiple brands with items spanning electronics, consumer durables, fashion and lifestyle, beauty, home and kitchen and grocery….
• Key factors driving growth of India’s Food Processing Sector in FY 2022-23
  26 Sep 2022,retail.economictimes.indiatimes.com
  The growth in these sectors are also propelled by the pandemic, hike in expendable income leading to increasing appetites for discretionary spends on branded items including processed food-items, a rejuvenated retail sector and state sponsorship. And for the food processing industry, this is just the beginning of a golden period….
• E-commerce portals see a 28% increase in orders over the first two days of the holiday season: Unicommerce
  26 Sep 2022,retail.economictimes.indiatimes.com
  The firm offers e-commerce companies, more than 15,000 companies, 7,000 warehouses, and 1,500 stores….
• 8 years of Make in India, FY23 FDI on track to cross $100 billion, says Centre
  26 Sep 2022,retail.economictimes.indiatimes.com
  “Make In India has substantial accomplishments across 27 sectors. These include strategic sectors of manufacturing and services as well,” the commerce and industry ministry said in a statement….
• Reliance Retail set to acquire Kerala’s Bismi
  26 Sep 2022,retail.economictimes.indiatimes.com
  Bismi is a family-controlled venture owned by entrepreneur VA Ajmal who leads the business as its managing director. The company has revenue of around ₹800 crore….
• Blackstone to sell $400 million stake in Embassy REIT: Sources
  24 Sep 2022,retail.economictimes.indiatimes.com
  Abu Dhabi’s sovereign wealth fund, one of the world’s largest, is likely to pick up at least half of the stake that Blackstone is to sell, one of the sources said….
• TV maker Thomson eyes ₹600-crore sales during festival season
  24 Sep 2022,thehindubusinessline.com
  Television maker Thomson is eyeing revenue of ₹600 crore during the festival season with surge in demand for large-screen TVs….
• Meat delivery brand Freshsharp raises $125K
  24 Sep 2022,retail.economictimes.indiatimes.com
  “The brand aims to utilise the fresh funds for financial and technological assistance to elevate their businesses and enhance growth,” it said….
• Inflation top challenge globally: Nestle CEO
  24 Sep 2022,retail.economictimes.indiatimes.com
  Globally, we have inflation concerns and those are real. At some point, they will also have a dampening effect on demand. India is at a very advantageous position….
• Fashion categories set to see biggest growth in India festive season
  24 Sep 2022,retail.economictimes.indiatimes.com
  Despite concerns around inflation and discretionary spends, customers are looking forward to spending more and sellers on e-commerce platforms are expecting a 20 per cent volume growth during the festive season, reports Redseer Strategy Consultants….
• Kalyan Jewellers e-commerce platform Candere to open offline store in Mumbai
  24 Sep 2022,thehindubusinessline.com
  Candere, the e-commerce platform of Kalyan Jewellers is all set to open the first physical store in Mumbai before Diwali. Till now, Candere had online presence….
• DHL Express to hike parcel delivery charges by around 8% in India from 2023
  24 Sep 2022,livemint.com
  Depending on local conditions, price adjustments will vary from country to country, and will apply to all customers where contracts allow, DHL said….
• Shoppers all set to light up festive season: Surveys
  24 Sep 2022,thehindubusinessline.com
  Electronics, apparel, jewellery, home decor on wishlist, say reports from RedSeer, Sharechat, ZestMoney….
• Nearly 65% households plan to spend during this festive season
  24 Sep 2022,retail.economictimes.indiatimes.com
  Riding on the festive spirit, manufacturers big and small are banking on higher consumer spending despite the high inflation and an erratic summer monsoon….
• Evenflow Brands ropes in Ramesh Bafna from CoinSwitch Kuber
  24 Sep 2022,retail.economictimes.indiatimes.com
  With over two decades of experience involving finance, business and audit leadership roles in top e-commerce and IT companies including Myntra, Flipkart and Wipro respectively, Bafna would play a key role in advising the Evenflow management on short-term and long-term strategy, on scaling up the acquired brands and grow them globally, it said in a statement….
• Amazon expands four-hour delivery
  24 Sep 2022,livemint.com
  Amazon first introduced same-day delivery in India in 2017 as a part of its prime membership, its loyalty programme. For the four-hour delivery, it uses specialised centres strategically located to cover different parts of the city to optimise faster delivery speeds….
• Amazon claims to record sale of 10 lakh unique products of SMBs, startup in 36 hrs
  24 Sep 2022,retail.economictimes.indiatimes.com
  The company’s Amazon Business segment recorded 50 per cent growth in customers during the present sale….
• Flipkart festive sales witness record 1.6 million users per second
  24 Sep 2022,retail.economictimes.indiatimes.com
  Categories like laptops, smartwatches and true wireless wearables witnessed the highest demand, while makeup and fragrance category also saw high traction….
• DLF Brands’ Pure Home + Living plans to open 20-25 stores in next 15 months; expects to enter Dubai market in first quarter of 2023
  24 Sep 2022,retail.economictimes.indiatimes.com
  Presently, the brand has 22 active stores across India and plans to add 6-7 stores this year. It wants to reach a total of 45-50 stores by the end of 2023 with the aim of opening 1-2 stores every month from next year….
• Zomato to inspect cloud kitchens hosting more than 10 brands
  24 Sep 2022,retail.economictimes.indiatimes.com
  The food aggregator pointed out that in the recent past, the statutory body Food Safety and Standards Authority of India (FSSAI) has also stated that cloud kitchen entities are free to operate multiple brands on a single FSSAI licence….
• Britannia Industries elevates Varun Berry as Executive VC & MD, appoints Rajneet Kohli as CEO
  24 Sep 2022,retail.economictimes.indiatimes.com
  Rajneet Kohli’s appointment will be effective from Sept 26 and he will report to Varun Berry, the company said in an exchange filing. “Rajneet’s proven track record of scaling up businesses and building highly engaged teams makes him a perfect fit for the Organization. I look forward to partnering with Rajneet to lead us to the next phase of growth,” Berry said….
• Nestle plans to invest Rs 5,000 crore in India by 2025, says CEO Mark Schneider
  24 Sep 2022,retail.economictimes.indiatimes.com
  The investment would be on capex (capital expenditure), setting up new plants, acquisitions and expansion of the product portfolio of the company. Nestle, which currently operates 9 plants across India is also looking at new locations to set up manufacturing capacity….
• Tier 2 cities driving demand for consumer durables and electronics this festive season
  24 Sep 2022,retail.economictimes.indiatimes.com
  The demand in tier 2 towns and cities is primarily being led by Chandigarh, Jaipur, Lucknow, Ludhiana, Agra, Surat, Varanasi, Vadodara, Patna, and Ranchi, said the report. During last year’s festive season the demand in tier 2 towns and cities, for branded consumer durables, was 1.5 times that in tier 1 cities….
• Farm-to-consumer startup Deep Rooted raises $12.5 million in funding let by IvyCap
  24 Sep 2022,retail.economictimes.indiatimes.com
  The startup plans to expand its operations to cover major cities in South India, strengthen its technology stack, and proactively hire across marketing, technology, and business functions in the next 12 months….
• Single screens flicker as multiplexes shine on in silver jubilee year
  24 Sep 2022,thehindubusinessline.com
  Single screens down shutters rapidly, especially in the Hindi heartland, as multiplexes and urban-centric films take centre stage….
• FS Life raises Rs 50 crore in pre-series B funding round led by Fireside Ventures
  24 Sep 2022,retail.economictimes.indiatimes.com
  Other investors who participated in the round includes startup founders Ghazal Alagh – Cofounder at MamaEarth, Mehul Agarwal & Vikram Chopra – Cofounders at Cars 24, Malika Sadani – Founder at The Moms Co., Ruchi Kalra – Cofounder at OfBusiness and more….
• Diwali sets in early for malls, apparel & lifestyle retailers
  24 Sep 2022,retail.economictimes.indiatimes.com
  Dussehra and Diwali have historically been an occasion for selling full-priced merchandise and most brands refrain from offering discounts on newer collections and products….
• September retail inflation seen at 7.4%: Report
  24 Sep 2022,retail.economictimes.indiatimes.com
  India’s headline retail inflation is expected to rise to a five-month high of 7.4% in September, with the risk of going higher if the momentum of food and vegetable prices picks up further in the rest of the month, Deutsche Bank said….
• Falling input costs unlikely to boost consumer goods cos’ margins, say analysts
  24 Sep 2022,retail.economictimes.indiatimes.com
  Fast moving consumer goods (FMCG) and white goods makers said there will be a sequential improvement in margins in the second half (October-March) of the fiscal compared to the first half (April-September), but it is unlikely to reach the peak or the normal margin levels as it was initially expected….
• ITC puts its hat in the ring for yoga bar stake
  24 Sep 2022,retail.economictimes.indiatimes.com
  Delhi-based Dabur, VC fund A91 Capital were among those who also looked at the opportunity but passed. Yoga Bar’s parent Sproutlife has been in the market to raise Rs 150 crore from strategic and financial investors….
• Swiggy, Zomato figure in world’s top 10 e-commerce food delivery platforms
  24 Sep 2022,retail.economictimes.indiatimes.com
  The report by ETC Group said, “The food delivery sector is rapidly consolidating, but ownership is a moving target. As companies jostle for regional hegemony, they are buying, selling and swapping stakes in competitors.”​
• Lux draws up plans to increase turnover of flagship brand Lux Cozi to Rs 1,000 cr
  24 Sep 2022,retail.economictimes.indiatimes.com
  Talking to ET, Saket Todi, executive director, Lux Industries said “To begin with we have roped in Sourav Ganguly, the former captain of Indian cricket team, as the brand ambassador for Lux Cozi. Mr Ganguly is a popular person in West Bengal and is well known nationally. Bringing him as a brand ambassador will help us to connect with our potential customers in an effective way.”
• Ikea India raises Rs 600 crore
  24 Sep 2022,retail.economictimes.indiatimes.com
  Ingka Centres, part of the Ingka Group had recently said that it will invest close to Rs 7500 crore in developing two shopping destinations in NCR….
• Over Rs 58,000 crore in taxes lost due to illicit trade in FMCG, mobile, tobacco, alcohol industry: Ficci report
  24 Sep 2022,retail.economictimes.indiatimes.com
  The FMCG industry alone accounted for 75% of the total illicit value of goods in five key industries. Tobacco products and alcoholic beverages- two highly regulated industries – account for nearly 49% of the overall tax loss in these industries….
• India’s Reliance Retail in talks for rights of beauty retailer Sephora
  22 Sep 2022,retail.economictimes.indiatimes.com
  Sephora’s operations will transfer from Arvind Fashions Ltd to Reliance Retail if an agreement is reached, according to the report. Reliance, Arvind Fashions and Sephora did not immediately respond to Reuters’ requests for comment…
• Radhakishan Damani’s wealth jumps 280% in 5 years, turns 5th richest Indian billionaire
  22 Sep 2022,retail.economictimes.indiatimes.com
  With a wealth of Rs 1.75 lakh crore, the 67-year-old Mumbai-based business magnate moved up two ranks to take the fifth spot in the rich list which is dominated by Gautam Adani…
• Investors skeptical about Zomato’s entry into quick commerce after Blinkit acquisition: Jefferies
  22 Sep 2022,retail.economictimes.indiatimes.com
  A lot of investors expressed a fundamental question on Blinkit’s existence, with comments like “why someone want grocery delivery in 10-min?”, the note said…
• Multiplex revenues set to cross pre-pandemic levels in 2022-23: Report
  22 Sep 2022,retail.economictimes.indiatimes.com
  The sharp recovery in hall occupancy coupled with a troika of factors — increased average ticket prices, higher spend per head on food and beverages (F&B) and the addition of screens — are expected to script the growth story for the sector, the rating agency said in a report…
• Amazon ropes in over 9,000 sellers from NE
  22 Sep 2022,retail.economictimes.indiatimes.com
  Amazon India Director (Director External Fulfilment) Kshitij Jain said the company will continue to make investments in empowering sellers to scale up their business, catering to customers anywhere in India and the world using e-commerce…
• udaanCapital enables credit of Rs 2200 crore to over one lakh retailers
  22 Sep 2022,retail.economictimes.indiatimes.com
  udaanCapital’s proprietary risk algorithms leverage alternate datasets such as transaction patterns and trade invoices to pre-select borrowers, enhance lenders partner’s underwriting decisions and improve approval rates for borrowers by 35%…
• Online marketplace, D2C Ecommerce acquires jewellery brand AccessHer
  22 Sep 2022,retail.economictimes.indiatimes.com
  Founded in April this year, D2C Ecommerce is a multi-brand e-commerce platform that sells its own private label brands. Last week the company announced its official launch in the country along with its seed funding of Rs 60 million…
• Platinum jewellery may witness over 20 per cent sales growth in next two quarters
  22 Sep 2022,retail.economictimes.indiatimes.com
  Sharing demand for platinum jewellery for the festive season, Banerjee said that April – June was an outstanding quarter in terms of consumer buying followed by an extremely solid pre-festive August…
• As Acropolis Mall turns seven, here are seven things that make it a popular hotspot
  22 Sep 2022,telegraphindia.com
  From its convenient location to multiple dining and entertainment options, this mall offers much more than a great shopping experience…
• Reliance Retail plans ‘fast fashion’ stores to take fight to Zara
  22 Sep 2022,economictimes.indiatimes.com
  Reliance Retail is planning to launch a new clothing and accessories brand store chain to compete directly…
• Manyavar’s Ravi Modi’s wealth rises 376%, biggest gainer this year in Hurun rich list
  22 Sep 2022,livemint.com
  With an increase of 376%, Ravi Modi of Vedant Fashions, the owner of ethnic wear brand Manyavar, is the biggest gainer this year in percentage terms…
• Pharma retail chain Apollo Pharmacy opens 5,000th store in Chennai
  22 Sep 2022,newindianexpress.com
  Apollo Pharmacy, India’s largest omnichannel pharmacy retailer, has hit yet another milestone with the opening of its 5,000th store in India…
• ABFRL-owned fashion label “S&N” aims to cross 100 crore revenue mark by FY ’23
  22 Sep 2022,apparelresources.com
  Notably, its product portfolio consists of 70 per cent menswear, 20 per cent womenswear, with remaining 10 per cent constituting accessories…
• Reliance Retail to acquire Sephora from Arvind: Reports
  22 Sep 2022,apparelresources.com
  Companies such as Sugar, Plum and Nykaa are already capitalising on the emerging market and tapping into consumer growth…
• Entertainment city promoters in talks to sell Noida land for ₹2k cr
  21 Sep 2022,economictimes.indiatimes.com
  Promoters of Entertainment City Ltd, which operates The Great India Place, Gardens Galleria Mall, Worlds of Wonder amusement park and Kidzania in Noida, are in talks to sell the entire 147-acre development for about ₹2,000 crore, three people aware of the development said….
• One of India’s top shoe makers says people shopping online have moved beyond discounts
  21 Sep 2022,cnbctv18.com
  Metro Brands believes that the convenience to shop online from anywhere anytime is now the key as compared to attractive discounts earlier….
• Designer duo Shantnu and Nikhil aim to enter Rs 100 crore club by Mar’23; expand their affordable luxury label S&N
  21 Sep 2022,retail.economictimes.indiatimes.com
  The fashion brand known for its couture range forayed into ready to wear and affordable luxury segment with its label S&N during the pandemic. The designers are betting big on its affordable luxury label and are eyeing a 95 per cent growth in FY23, Mehra said, adding that last year the label grew by 40 per cent of pre-COVID levels….
• Smartphone shipments to fall 1st time this festive season, but avg selling prices to rise 12% on-year
  21 Sep 2022,retail.economictimes.indiatimes.com
  The smartphone market in India is entering the festive season sales with almost 10 weeks of inventory as a result of lower consumer demand over the past few months, according to a report by Counterpoint Research. The research firm estimates revenues of $7.7 billion (roughly Rs 69.371.1 crore), the highest ever….
• Large panel TVs share expected to cross 50 by FY2027, says Crisil
  21 Sep 2022,retail.economictimes.indiatimes.com
  The report further stated that the pandemic has changed family viewing habits and the rise in fibre-to-the-home services will further improve broadband services, thereby aiding the adoption of larger panel Televisions (TVs)….
• Toilet cleaners number one product endorsed by Indian celebrities: Report
  21 Sep 2022,livemint.com
  Indians love celebrities in advertisements, even if it means they are seen endorsing toilet cleaners. According to a new report by TAM Media Research’s Adex India report, the top 10 categories which celebrities endorsed included toilet and floor cleaners with 9% share of celebrity ad volumes in January-June 2022….
• Ninjacart enters international markets with agriculture export-import business
  21 Sep 2022,retail.economictimes.indiatimes.com
  The company, backed by US retailing behemoth Walmart and New York-based investment firm Tiger Global, said Ninja Global is an online marketplace that will create an international network of agricultural importers and exporters and help them conduct cross-border trade….
• Price volatility a challenge for 2-3 yrs: HUL
  21 Sep 2022,financialexpress.com
  Volatility in commodity prices will be a challenge that companies need to be prepared to face over the next two-three years, while the greatest threat to the planet is the belief that someone else will save it, Sanjiv Mehta, CEO and managing director of Hindustan Unilever (HUL), said on Tuesday….
• Volumes to start picking up Q3 onwards: Marico MD
  21 Sep 2022,financialexpress.com
  The fast-moving consumer goods (FMCG) sector is expected to post a gradual increase in volumes during the October-December quarter due to a fall in crude and vegetable oil prices during the past few weeks, Marico managing director and chief executive officer Saugata Gupta told FE in an interview on Monday….
• Gold’s allure to dim in India on lower rural income
  21 Sep 2022,retail.economictimes.indiatimes.com
  The livelihood of millions of farmers in the country depends on the annual monsoon and uneven rains this year could hurt incomes in the farm sector, the biggest buyer of gold in India. An increase in the import tax in July also reduced appetite for the precious metal in the second-biggest consumer….
• Norms to speed up work of consumer courts on the anvil
  21 Sep 2022,retail.economictimes.indiatimes.com
  The DoCA, under the ministry of consumer affairs, food & public distribution, is also working on finalising plans to host mega Lok Adalats to resolve about one lakh cases in one day….
• Flipkart says these items sold the most in Jan-Jul 2022, demand for small appliances rose 25%
  21 Sep 2022,financialexpress.com
  Flipkart has announced its Big Billion Days Sale to start from 23rd September, and it is betting on the same for a further increase in sales of small appliances….
• Be prepared for continued, high inflation: HUL’s Mehta
  21 Sep 2022,retail.economictimes.indiatimes.com
  The unprecedented inflation is not homegrown but has been caused by several global factors, including supply chain disruption due to the pandemic and Ukraine-Russia war, he said while speaking at a Ficci event….
• Mother Dairy expecting 20pc revenue growth in FY23 to Rs 15,000 cr
  21 Sep 2022,retail.economictimes.indiatimes.com
  “We are expecting 20 per cent growth this fiscal year in our turnover to reach around Rs 15,000 crore,” Mother Dairy Fruits and Vegetables Pvt Ltd MD Manish Bandlish told PTI….
• Japan’s Kirin in talks to triple investment in Indian craft beer maker Bira, say sources
  21 Sep 2022,retail.economictimes.indiatimes.com
  Kirin, which first invested $30 million in Bira for an under 10% stake last year, is set to pump in the additional funds at an equity valuation of $450 million, the sources said. Negotiations between the Japanese company and Bira’s owners are in the final stage, one of the sources said….
• National Logistics Policy: India’s new policy framework to become globally competitive
  21 Sep 2022,retail.economictimes.indiatimes.com
  Focusing strongly on creating a single-window e-logistics, the NLP aims to reduce the logistics cost from 13-14 % of GDP to single digits….
• Non-alcoholic beer to face 28% GST, 12% cess: AAR
  21 Sep 2022,retail.economictimes.indiatimes.com
  Non-alcoholic malts are agri-based products containing barley malt and substantially lesser sugar. While beer contains 1. 2% to 8% alcohol by volume (ABV), non-alcoholic malt has 0% ABV. UB added that non-alcoholic malts are classified as non-alcoholic beer and are liable to GST at 18% rate….
• Fabindia cuts losses to Rs 39 crore for FY22
  20 Sep 2022,financialexpress.com
  The company posted revenue of Rs 1,392 crore, a rise of 31% during the year over Rs 1,060 crore in FY21, according to documents filed with the Registrar of Companies….
• Moving towards diversity
  20 Sep 2022,apparelresources.com
  While Bangladesh garment industry has transformed to become the second biggest apparel exporter globally, many big and reputed garment makers have transitioned into other businesses with equal élan….
• U S Polo Assn expands offline presence with five new stores in Bengaluru
  20 Sep 2022,in.fashionnetwork.com
  U S Polo Assn (USPA) retailed in India by Arvind Fashions Limited has strengthened its retail presence in the Indian market with the opening of five new stores in the southern city of Bengaluru….
• Top 10 Best Garment Manufacturers In India in 2023
  20 Sep 2022,inventiva.co.in
  The clothing and apparel market in India is anticipated to reach a value of over $59.3 billion in 2022, maintaining its position as the sixth-largest clothing manufacturing nation in the world….
• Indian sustainable fashion brand Goados creating waves globally with Khadi
  20 Sep 2022,apparelresources.com
  Goados is an Indian brand focused on creating sustainable apparel using natural indigenous material like Khadi– with an emphasis on the continued sustenance of traditional Indian crafts and techniques….
• M3M launches 4.87 lakh square feet retail project in Gurugram with a topline of Rs 1000 crore
  20 Sep 2022,theprint.in
  M3M India, one of the fastest growing real-estate developer in India, has launched another high-end retail project – ‘M3M Route65’ in Gurugram, next to the Worldmark in sector 65….
• Blackstone picks 6 lead I-banks for India’s first retail mall REIT IPO for $2.5-billion portfolio
  20 Sep 2022,moneycontrol.com
  Nexus Malls is the Indian retail portfolio arm of the Blackstone Group and made its entry into the Indian market in 2016. According to its website, Nexus Malls, the largest mall operator in the country….
• Festive fervour: Indian business gear up for COVID-19 curb-free celebrations after three years
  20 Sep 2022,retail.economictimes.indiatimes.com
  With the Hindu festivals of Durga Puja and Diwali taking up the majority of September and November, even e-commerce giants Amazon and Flipkart are gearing up for deep discounts with their annual sales already announced….
• 36% online MSME sellers plan to launch new products before festive season, says survey
  20 Sep 2022,retail.economictimes.indiatimes.com
  The survey was conducted to gauge the festive sale preparedness of online suppliers and understand the way they measure performance during such events. “Of all the sellers who participated in the study….
• CityMall undertakes first Esop buyback worth $1.3 million
  20 Sep 2022,retail.economictimes.indiatimes.com
  CityMall, which is backed by investors like Accel, Elevation Capital and General Catalyst, raised $75 million in March. Three months later, the company fired about 191 employees to adapt to the changing macroeconomic environment….
• Good Glamm in talks to acquire Twinkle Khanna’s Tweak India
  20 Sep 2022,retail.economictimes.indiatimes.com
  Tweak India is a female-focused multimedia platform across text, video, podcasts, radio, and event formats, with a focus on wellness, beauty, and an eco-friendly lifestyle….
• Despite a surge in FMCG volumes, beverages and homecare products witness decline in sales
  20 Sep 2022,thehindubusinessline.com
  Even as the fast-moving consumer (FMCG) goods have witnessed a surge in demand during the festive season, beverages and homecare product segments have seen a decline in consumption….
• IPO-bound Fabindia narrows loss, revenue surges 29% in FY22
  20 Sep 2022,retail.economictimes.indiatimes.com
  The company has received approval for its Rs 4000-crore IPO from Sebi. During the year, most retailers recovered from Covid restrictions and breached pre-pandemic sales helped by increased mobility, offices reopening and social events….
• ProcMart sees huge demand from FMCG sector; eyes Rs 1000 crore revenue in next 3 years
  19 Sep 2022,retail.economictimes.indiatimes.com
  The company plans to achieve Rs 1000 crore revenue in next three years. It expects a total revenue of Rs 200 crore in this fiscal…
• Print out on demand service via quick commerce not likely to scale: Report
  19 Sep 2022,business-standard.com
  A survey by LocalCircles found that only 14 per cent of Indians are likely to use such a service….
• Meesho taps Bharat in its battle with Amazon, Flipkart this festive season
  19 Sep 2022,business-standard.com
  The SoftBank-backed firm is expecting 80% of its orders to come from rural India, which includes small towns and cities…
• Direct tax collection grows 30% to Rs 8.36 lakh crore in FY23
  19 Sep 2022,retail.economictimes.indiatimes.com
  ​​”The gross collection of direct taxes (before adjusting for refunds) for FY 2022-23 stands at Rs 8,36,225 crore compared to Rs 6,42,287 crore in the corresponding period of preceding financial year i.e. 2021-22, registering a growth of 30 per cent over collections of 2021-22,” PTI quoted the ministry as saying…
• Inflation momentum to ease in Q3: RBI economists
  19 Sep 2022,retail.economictimes.indiatimes.com
  The Reserve Bank of India stuck to its stance that inflationary pressures would ease later in the fiscal year which is also helped by softening commodity prices, especially crude, its monthly report on the State of the Economy showed…
• Upcoming festive season gives ecommerce players a reason to cheer, as they anticipate buoyant sales
  19 Sep 2022,yourstory.com
  As inflation stabilises and consumer demand increases across the board, festive season sales are likely to be the primary fuel for the growth of ecommerce sales in 2022. However, online sellers will also have to contend with brick-and-mortar players…
• UAE-based Lulu Group mulls increasing its footprint in Punjab
  19 Sep 2022,tribuneindia.com
  The UAE-based retail major Lulu Group is contemplating to increase its investment in Punjab. Having already invested in a meat processing plant in Dera Bassi, the group is likely to invest in agri value chain and a mega mall in Punjab. The total investment in the state is likely to be Rs 1,200 crore…
• India may soon get first REIT of retail assets
  19 Sep 2022,tribuneindia.com
  India is expected to get its first Real Estate Investment Trust (REIT) of retail assets soon as institutional investors and developers look to monetise their rent-yielding space in shopping malls, according to JLL India…
• Why government needs to fast-track the National Retail Policy
  19 Sep 2022,economictimes.indiatimes.com
  In 2019, when the draft National Retail Policy (NRP) was announced, it was met with a lot of optimism. Aimed at creating a conducive business environment for retail trade by…
• Blinkit partners with Apple reseller Unicorn to deliver iPhones and more in minutes
  17 Sep 2022,retail.economictimes.indiatimes.com
  Unicorn has 38 points of interaction nationwide, with Apple Mono Brand Stores and Apple Authorised Service Centers in Mumbai, Pune, Gurgaon, Ahmedabad, Lucknow, Chandigarh, and New Delhi…
• Indian yoga guru eyes stock market debut of 4 group firms
  17 Sep 2022,retail.economictimes.indiatimes.com
  Patanjali said it would list its main consumer goods company, Patanjali Ayurved, the bulk of which is owned by Ramdev’s business partner Acharya Balkrishna, who has a net worth of $2.1 billion according to Forbes…
• Johnson & Johnson barred from making talcum powder in Maharashtra
  17 Sep 2022,retail.economictimes.indiatimes.com
  Johnson & Johnson can no longer manufacture or sell its baby powder in Maharashtra as the FDA in the state cancelled its licence over safety concerns on Thursday. The company has to recall its stock from the market with immediate effect, the FDA said on Friday…
• Samsung India aims for 45% on-year jump in electronic product sale this festive season
  17 Sep 2022,retail.economictimes.indiatimes.com
  Senior vice president Mohandeep Singh said the sales projections are made after the company posted a similar pace of growth in this year’s Onam and Independence Day sales, while the premium segment grew by 80%. He said the trend of premiumisation has further gained pace whereby categories like premium televisions and refrigerators are growing sales by 100-200%…
• Haier India expects 25 to 30 per cent value growth this Diwali season
  17 Sep 2022,retail.economictimes.indiatimes.com
  NS shared that the company aims to grab the number three position in the consumer durables industry with a market share of 14 per cent by the end of this calendar year. The company was pegged at 12 per cent market share at the beginning of this year…
• eBay launches the Global Xpansion Program (GXP) to accelerate global growth for fast growing Indian Businesses
  17 Sep 2022,retail.economictimes.indiatimes.com
  eBay is helping fast growing Indian businesses to cater to customers in as many as 190 markets with their latest launch – Global Xpansion Program (GXP). This program has been…
• Festival demand set to boost economy: RBI
  17 Sep 2022,retail.economictimes.indiatimes.com
  It also said inflation remains elevated and above the tolerance level, underscoring the need for monetary policy to keep second order effects contained and inflation expectations firmly anchored. This indicates that the central bank may raise interest rates in the monetary policy review at the end of the month…
• Ease of doing business: ‘Small company’ limits relaxed further
  17 Sep 2022,retail.economictimes.indiatimes.com
  Small companies are not required to include cash flow statements in their financial reports, need hold only two board meetings a year as opposed to at least four for others, and do not have to rotate auditors every five years…
• MSMEs are the growth engine of India, contribute 30% to the GDP
  17 Sep 2022,livemint.com
  The Hon’ble Minister for MSME, Government of India, Shri Narayan Tatu Rane, spoke at the Maharashtra MSME Conference hosted by ASSOCHAM today…
• UK retailer John Lewis says inflation deepens losses
  17 Sep 2022,retail.economictimes.indiatimes.com
  JLP, which runs John Lewis department stores and Waitrose supermarkets, posted a net loss of £79 million ($91 million) in the first half of the year…
• ‘Made in India’ chips to drastically reduce prices of products, including laptops: Anil Agarwal
  17 Sep 2022,retail.economictimes.indiatimes.com
  “Today, a laptop costs around Rs 1 lakh, and once the glass as well as the semiconductor chip is available, the same can be priced at Rs 40,000 or less,” he told a leading news channel…
• AKAI India partners with Reliance Retail to reach 540 stores across India
  17 Sep 2022,retail.economictimes.indiatimes.com
  This association will help the consumer electronics company’s products to be placed in over 540 stores across India and penetrate the growing home entertainment products market…
• 22% retail space vacant in Hyderabad
  17 Sep 2022,thehansindia.com
  Hyderabad: Hyderabad has 7.2 million sft of gross leasable area (GLA) of shopping mall stock as of January-June (H1) 2022, international property consultant Knight Frank India said in its latest report…
• Indians still prefer brick-and-mortar stores over online for wedding jewellery
  17 Sep 2022,theprint.in
  Mumbai (Maharashtra) [India], September 16 (ANI): Amid the online and digital consumption rise in the post-pandemic era, buying wedding ornaments in India continues to be in physical mode…
• Future Of Retail: A Report By Deloitte And Mapic India
  17 Sep 2022,businessworld.in
  In the past two years, the entire retail dynamics altered significantly due to the pandemic-related disruptions…
• India has a unique role to play in global economy: Walmart
  17 Sep 2022,thehindu.com
  India, with its deep pool of talent, proven ability to leapfrog existing digital technologies and extensive manufacturing expertise, has a unique role to play in the global economy, said Judith McKenna, President and CEO of Walmart International…
• Nykaa E-Retail leases over 55,000 sq ft office space in Mumbai’s Lower Parel
  17 Sep 2022,realty.economictimes.indiatimes.com
  The company, listed on stock exchanges as FSN E-Commerce Ventures, will be paying rentals of Rs 69 lakh per month, taking its total payout to Rs 41.40 crore excluding the rental escalation. The agreement includes a clause to escalate lease rentals by 15% after the first 36 months…
• Ecomm sales have picked up since August: Flipkart group CEO Kalyan Krishnamurthy
  16 Sep 2022,retail.economictimes.indiatimes.com
  The Big Billion Days sale, a property it launched in 2014, and Amazon’s Great Indian Festival Sale both begin on the same day, a tradition which has been followed by the two ecommerce majors over the past several years. The month-long sale has sparked many battles between the two companies as they fight to lure Indian consumers to buy online…
• Tata 1mg FY22 revenue up 66% to ₹222 crore, net loss narrows. Details here
  16 Sep 2022,livemint.com
  The revenue of Tata 1mg, Tata group-owned online pharmacy, rose 65.7 per cent to ₹222.10 crore in financial year ’22, while its net loss has narrowed…
• Myntra goes big on D2C, international brands to push festive sales
  16 Sep 2022,retail.economictimes.indiatimes.com
  The fashion marketplace said it would go live with its ‘Big Fashion Festival’ sale on September 23, aligning it with parent Flipkart’s Big Billion Days and Amazon India’s Great Indian Festival Sale, which begins the same day…
• Paytm to partner Flipkart for The Big Billion Days 2022
  16 Sep 2022,retail.economictimes.indiatimes.com
  During The Big Billion Days, customers shopping on Flipkart will receive a ₹25 instant cashback on purchase of ₹250 and above on paying via Paytm UPI…
• Ecom Express doubles parcel processing capacity to 6 million per day
  16 Sep 2022,retail.economictimes.indiatimes.com
  “We are seeing tremendous growth in tier III and beyond markets and these have been at the forefront of e-commerce growth. In the past two years, we have witnessed the demand almost double with 80 per cent of our deliveries happening in tier III and beyond…
• India’s food production industry worth over $400 billion, but food processing significantly low-BCG FICCI Report
  16 Sep 2022,retail.economictimes.indiatimes.com
  The total agriculture and food related exports from India were valued at nearly $50 billion in FY22. Some of the key challenges contributing to this trend include low-cost competitiveness, product quality concerns, limited brand strength…
• What explains the great Indian brand rush?
  16 Sep 2022,business-standard.com
  Several new-age startups in the D2C space in India are increasingly being gobbled up by bigger FMCG companies. A rush for brand acquisitions is on. Watch our next report to know more…
• Zara owner Inditex plans autumn price hikes as profit surges
  16 Sep 2022,retail.economictimes.indiatimes.com
  Following spring and summer price rises, the company will raise prices again in the second half of the year, CFO Ignacio Fernandez said, as Inditex reported a 41% jump in profit for the six months to July and sales which rose by around a quarter…
• H&M sales miss as retailer struggles to compete with Zara
  16 Sep 2022,retail.economictimes.indiatimes.com
  Third-quarter net sales at the Swedish group were up 3% from a year earlier at 57.5 billion crowns ($5.4 billion), short of the 5% which analysts polled by Refinitiv had forecast for the June-August quarter…
• Local retailers hit as malls reserve space for global brands
  16 Sep 2022,economictimes.indiatimes.com
  Mall operators are not allowing existing retailers to expand and holding space for global brands who have already announced or in the process of announcing their entry to India…
• Tesco expands operations in India; plans to hire 1,000 people
  16 Sep 2022,financialexpress.com
  Tesco’s India operations mainly contribute to the company’s technology capabilities although it has a retail presence through a joint venture with the Tata Group where it trades as Star Bazaar…
• Neeraj Dewan on top Diwali trades & best Adani stock to bet on
  16 Sep 2022,economictimes.indiatimes.com
  What is the trade which could be called a Diwali and a Dusshera trade? Which is that category or business that could surprise us?…
• Is Omnichannel Customer Engagement the Future of Retail
  16 Sep 2022,indianretailer.com
  Omnichannel engagement is the future of retail. It will improve the overall reach of retailers across different platforms (both online and traditional retailers)…
• Adani Wilmar eyes acquisitions to push food business
  15 Sep 2022,retail.economictimes.indiatimes.com
  “We are looking at acquiring brands in staple foods and distribution companies to boost our consumer goods offering and reach,” Angshu Mallick…
• Future Enterprises Q4 net loss widens to Rs 2,296 crore, revenue dips 13%
  15 Sep 2022,retail.economictimes.indiatimes.com
  Its revenue from operations during the quarter under review was down 13.15 per cent to Rs 473.83 crore. It was at Rs 545.63 crore in the March quarter of FY21…
• Kellogg India FY22 revenue from operations up 14% to Rs 1,332 cr
  15 Sep 2022,retail.economictimes.indiatimes.com
  The company sells products such as cornflakes, Chocos, energy bars muesli, oats, granola, Froot Loops and upma in the Indian markets…
• Myntra expands assortment to include Macy’s private brands in India
  15 Sep 2022,retail.economictimes.indiatimes.com
  Myntra said to provide over 600 product options from Macy’s including Alfani, Karen Scott, Jenni, Club Room Mens, First Impressions, Epic Threads, and Ideology, among others as part of the launch…
• Return to Origin can increase this festive season as 7 in every 10 people gear up to shop online
  15 Sep 2022,retail.economictimes.indiatimes.com
  The festive season is just around the corner and slated to be one of the biggest since the pre-pandemic period in 2019…
• `Sustainability not a buzzword; What’s good for India is good for Tata Group’: N Chandrasekaran
  15 Sep 2022,retail.economictimes.indiatimes.com
  Sustainability is not a buzzword. Whatever net zero target organizations set for themselves will get advanced because of social pressure, Tata Group chairman N Chandrasekaran…
• SUGAR Cosmetics betting big on offline expansion
  15 Sep 2022,thehindubusinessline.com
  SUGAR Cosmetics, which recently raised $50 million in Series D round led by the Asia fund of L Catterton, is ramping up its offline presence in a bid to grow faster. The said it is open to inorganic growth options and could look to go for an IPO in the next three years…
• DealShare customer base reaches 20 mn with most from tier 2 and 3 cities
  15 Sep 2022,business-standard.com
  Their aim is to expand the DealShare Dost network by 10% month on month, contributing to over 40% of the overall revenue/sales in the next four years, the statement said…
• Diaper maker Nobel Hygiene raises Rs 132 crore from Sixth Sense Ventures
  15 Sep 2022,retail.economictimes.indiatimes.com
  Sixth Sense Ventures is a domestic consumer-centric venture fund. With the current investment, Nobel Hygiene now, cumulatively, becomes Sixth Sense’s largest…
• Vedanta to set up iPhone manufacturing hub in Maharashtra: Report
  15 Sep 2022,retail.economictimes.indiatimes.com
  The race to manufacture Apple iPhones is heating up with Tata Group in talks with Taiwanese electronics giant Wistron to set up a joint venture…
• Retailers’ fascination for India continues! Williams-Sonoma is here to stay
  15 Sep 2022,apparelresources.com
  The US home furnishing bigwig Williams-Sonoma is the latest to have some big plans for India. With an annual revenue of US $ 8 billion, the premier specialty retailer is growing very fast and India seems to be on its top priority…
• Qaadu shared robust expansion plans; strengthens presence across 200+ stores in India and UAE
  15 Sep 2022,business-standard.com
  New Delhi [India], September 14 (ANI/SRV): Qaadu, a premium brand specializing in plant-based cruelty-free beauty and wellness products, has picked up the pace and forayed onto the shelves of popular pharmacies, hypermarkets and malls. This is in addition to its strong presence across several standard eCommerce platforms…
• Women entrepreneurs who are an inspiration to budding talent
  15 Sep 2022,timesnownews.com
  Here’s a look at trailblazers who have taken their businesses to newer heights and are inspiring an entire generation to chase their dreams…
• Revenge buying in August pushes retail sales in double digits — all eyes on Diwali
  15 Sep 2022,cnbctv18.com
  After strong revenge shopping trends seen in July-August 2022, retailers are eyeing the festive season, particularly Diwali to drive sales…
• CFO explains why Raymond is extremely bullish on textile, realty & other business segments
  15 Sep 2022,cnbctv18.com
  “A very large retailer who has never looked at India, has given orders for suits to us. Maybe it is just 2%…
• Retailers report 15% growth in sales in August
  14 Sep 2022,retail.economictimes.indiatimes.com
  In August 2022, the growth in sales compared to pre-pandemic time (August 2019) is noticeable across regions too with sales in East India growing to 19%, South India…
• Amazon India wholesale unit revenue jumps 26%, losses widen
  14 Sep 2022,retail.economictimes.indiatimes.com
  US etailer’s food retail unit Amazon Retail India reported a 7% growth in revenue at Rs 1,710 crore in FY22…
• Kellogg India net profit up 43% in FY22
  14 Sep 2022,livemint.com
  NEW DELHI : Breakfast cereal maker Kellogg India Private Limited, which manufactures and markets…
• Bacardi announces Vinay Golikeri as Managing Director, India & neighboring countries
  14 Sep 2022,retail.economictimes.indiatimes.com
  “India is a dynamic and fast-evolving market, and is vital to our global growth,” said Vijay Subramaniam…
• Brick and mortar food retailers to post 20% revenue growth in FY23: CRISIL
  14 Sep 2022,retail.economictimes.indiatimes.com
  Brick and mortar food and grocery (F&G) retailers will post about 20% revenue growth this fiscal…
• Amazon, Flipkart to begin festive season sale from September 23
  14 Sep 2022,retail.economictimes.indiatimes.com
  Amazon will give 24 hours early access to its Prime Members before opening sale for everyone on September 23…
• View: India’s consumer market, a $1 trillion investment opportunity
  14 Sep 2022,retail.economictimes.indiatimes.com
  Domestic consumption is making a strong comeback, traditionally one of the main drivers of India’s economic growth. This is great news for businesses of all sizes…
• In top 8 cities 16 new shopping malls start operations since 2020: Report
  14 Sep 2022,financialexpress.com
  Property consultant Knight Frank India on Tuesday released its report ‘Think India, Think Retail 2022 – Reinventing Indian Shopping Malls’ in a webinar…
• Retail sales in shopping malls to grow 29% annually to reach $39 billion by FY28: Report
  14 Sep 2022,retail.economictimes.indiatimes.com
  “The organised retail sales volume in the top 8 Indian cities is estimated to grow at a CAGR of 17 per cent from USD 52 billion in FY 2022 to USD 136 billion by FY 2028,”…
• Size of Indian dairy market to jump over 2-fold to Rs 30 lakh cr by 2027: NDDB
  14 Sep 2022,retail.economictimes.indiatimes.com
  R S Sodhi, managing director of Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets dairy products under the Amul brand, had on Monday said India’s milk production is expected to jump three-fold to 628 million tonnes in the next 25 years…
• Belora Cosmetics plans to become Rs 500 crore brand in next 3-4 years
  14 Sep 2022,retail.economictimes.indiatimes.com
  The brand is currently present in 100 store-in-stores and plans to open another 100 store-in-stores over the next two months. And it also looks to expand this count to around 500 over the next year…
• The Moms Co eyes 25,000 stores, international market presence by year-end, says Malika Sadani
  14 Sep 2022,financialexpress.com
  “Currently, we are available across all major e-commerce platforms and have an offline presence across 20,000 pin codes in 5,000 retail outlets, serving 2 million+ customers. By the end of this year, we aim to expand our presence to 25,000 stores and international markets…
• Realty developers continue to expand malls’ portfolio on robust demand
  14 Sep 2022,retail.economictimes.indiatimes.com
  “The retail real estate sector has reached a new level of maturity where smaller sized and lower grade developments are giving way to grade A malls. The existing grade A malls have over 95% occupancy, which is indicative of the demand for quality real estate in this segment,” said Shishir Baijal, CMD, Knight Frank India…
• About 21% shopping centres in India are ghost malls: Knight Frank
  14 Sep 2022,moneycontrol.com
  The report by Knight says rescuing these malls is imperative, given the huge amount of assets trapped within them…
• Victoria’s Secret opens its first offline store in India
  14 Sep 2022,apparelresources.com
  Victoria’s Secret has opened its first ever offline store in India. The new store featuring the brand’s newest collections, is opened in Mumbai…
• Tata Cliq to launch offline cosmetic retail chain
  14 Sep 2022,startupstorymedia.com
  Tata Cliq, a Tata Group online retail platform, proposes to launch physical stores to sell beauty products across the country as many consumers return to offline shopping, according to sources…
• Japanese retailer Uniqlo posts profit within 3 yrs of operations in India
  14 Sep 2022,business-standard.com
  Japanese apparel retailer Uniqlo’s Indian unit has turned profitable within three years of its operations…
• US-based Lashkaraa enters Indian market
  14 Sep 2022,apparelresources.com
  The brand has launched its most embellished and decorative collection to date to appeal to Indian shoppers, aiming to build a strong customer base across the country as it further expands its product selection…
• ‘Shopping mall spending returning to pre-Covid levels in India’
  14 Sep 2022,telanganatoday.com
  Hyderabad: Hyderabad saw 7.2 million sqft of gross leasable area (GLA) in malls during January to June this year. This is about 7.7% of the country’s…
• Amazon India marketplace revenue up 32%, losses down 23%
  13 Sep 2022,retail.economictimes.indiatimes.com
  US etailer’s local logistics and payments units report increases in revenues and losses too…
• Marico Q2 will be much better than Q1 and things will normalise in Q3 and Q4: CEO
  13 Sep 2022,retail.economictimes.indiatimes.com
  We have been able to execute pricing action given the input costs of edible oil which came down significantly during July-August and we are seeing much better results. Similarly, foods which had high base are doing well. I would see a gradual improvement in volumes. Q2 will definitely be much better than Q1 and then in Q3 and Q4, it will get normalised…
• Tata Cliq to open offline stores to sell beauty products
  13 Sep 2022,retail.economictimes.indiatimes.com
  Rival online beauty product retailers Nykaa and NewU have already built an offline presence…
• TCPL enters health supplements segment; launches Tata GoFit
  13 Sep 2022,retail.economictimes.indiatimes.com
  “Tata GoFit is our endeavor to partner with women on their fitness journey and build a community first fitness brand,” commented Deepika Bhan, President – Packaged Foods (India), Tata Consumer Products…
• Mensa Brands acquires MyFitness, to make it Rs 1,000 cr brand
  13 Sep 2022,retail.economictimes.indiatimes.com
  MyFitness is the first to launch a chocolate variant of Peanut Butter in India and the world’s first crispy Peanut Butter. It is also the official snacking partner of IPL teams, Punjab Kings and Delhi Capitals…
• Gearing up for the festivity, Amazon India offers 50% selling fee waiver
  13 Sep 2022,retail.economictimes.indiatimes.com
  ​​Amazon India also offers various programs for local neighbourhood stores across many states of India to integrate their offline services and a chance to sell online such as through focused programs like Local Shops on Amazon…
• How can companies combat rising supply chain costs amidst inventory challenges?
  13 Sep 2022,retail.economictimes.indiatimes.com
  The pandemic highlighted risks and resiliency gaps for many companies – significant weather catastrophes, port traffic, and industrial delays were among the most frequent supply chain problems…
• Our objective is to take Indian businesses to the global markets: Pavan Ponnappa
  13 Sep 2022,retail.economictimes.indiatimes.com
  Our objective is to take Indian businesses to the global markets says Pavan Ponnappa, Head, Categories & Marketing, eBay India…
• PNG Jewellers set to revitalise its silver jewellery brand across 35 stores
  13 Sep 2022,retail.economictimes.indiatimes.com
  Silver Jewellery has come back in vogue in a big wave across the globe as well as in India. The brand will focus on showcasing bold, edgy, young and trendy designs created through leading edge…
• Retail inflation rises to 7% in August as against 6.71% in July
  13 Sep 2022,retail.economictimes.indiatimes.com
  India’s retail inflation based on consumer price index (CPI) snapped a 3-month downward trend in August and surged to 7%, data released by government showed on Monday…
• Petcare brand Wiggles plans to raise $15-20 million in funding
  13 Sep 2022,retail.economictimes.indiatimes.com
  Previously, the company has raised a total of $6.5 million in funding over 2 rounds…
• PharmEasy in talks to raise $250 million, valuation may drop by half
  13 Sep 2022,retail.economictimes.indiatimes.com
  General Atlantic, CPPIB, ADIA in talks to invest $250 million in PharmEasy…
• Venus Home appliances strengthens product portfolio, unveils electric ovens
  13 Sep 2022,retail.economictimes.indiatimes.com
  “The company introduced ‘Jiffy’ an entry level instant water heater and added a steam iron to its range…
• Why commercial realty in Gurugram may be a lucrative bet for new-age investors
  13 Sep 2022,financialexpress.com
  Commercial property investment in Gurugram has always been one of the most effective ways to diversify a portfolio and boost returns…
• Return of pricing power to keep India retail prices elevated
  13 Sep 2022,economictimes.indiatimes.com
  Indian consumers expecting retail inflation to cool in tandem with easing wholesale prices are in for disappointment…
• Bacardi appoints Vinay Golikeri as MD for India and neighbouring countries
  13 Sep 2022,livemint.com
  NEW DELHI: Bacardi Ltd., the Bermuda-based liquor firm, on Monday announced the appointment of Vinay Golikeri as managing director…
• Why warehouses are back on realtors’ radar
  13 Sep 2022,livemint.com
  Warehousing has become a hot segment, with a host of listed realty firms planning to expand into the space. Brigade Enterprises Ltd…
• Tata Group proposes to buy stake in Bisleri International
  12 Sep 2022,retail.economictimes.indiatimes.com
  It would give the Tata group a massive foothold in the packaged drinking water categories, and a ready go-to-market network across retail stores, chemist channels…
• Reliance Industries acquires Shubhalakshmi Polyesters for Rs 1,592 crore
  12 Sep 2022,retail.economictimes.indiatimes.com
  “Reliance Petroleum Retail Limited executed definitive documents to acquire polyester business of Shubhalakshmi…
• Myntra stocks up on Macy’s in India
  12 Sep 2022,livemint.com
  The launch, “only on Myntra”, is part of the retailer’s “Big Fashion Festival” special—which is set to start ahead of the festive season…
• Our biggest responsibility this festive season is to our sellers, believes Amazon’s Manish Tiwary
  12 Sep 2022,retail.economictimes.indiatimes.com
  “Our biggest responsibility this festive season is to our sellers”- Manish Tiwary, Country Manager, India Consumer Business, Amazon India…
• We’re seeing consolidation in the health & hygiene category: Sameer Satpathy
  12 Sep 2022,retail.economictimes.indiatimes.com
  At the E-commerce & Digital Natives Summit 2022, Mr Sameer Satpathy, Divisional Chief Executive, ITC says “We’re seeing consolidation in the health & hygiene category”…
• Our objective is to take Indian businesses to global markets: Pavan Ponnappa
  12 Sep 2022,retail.economictimes.indiatimes.com
  Our objective is to take Indian businesses to the global markets says Mr Pavan Ponnappa, Head, Categories & Marketing, EBay India…
• Paytm truly is an omnichannel payment company: Nakul Jain, CEO, Paytm Payments Services
  12 Sep 2022,retail.economictimes.indiatimes.com
  “Paytm truly is an omnichannel payment company” says Mr Nakul Jain, CEO, Paytm Payments Services at the E-commerce & Digital Natives Summit 2022…
• Users have become more selective towards their retail experiences- Mr Subram Natarajan, Google Cloud
  12 Sep 2022,retail.economictimes.indiatimes.com
  At the E-commerce & Digital Natives Summit 2022, Mr Subram Natarajan, Director, Customer Engineering, Google Cloud India says users have become more selective towards their retail experiences…
• Why retail inflation rate in India is soaring despite ease in wholesale price?
  12 Sep 2022,livemint.com
  Indian consumers expecting retail inflation to cool in tandem with easing wholesale prices are in for disappointment…
• We expect strong jewellery demand over the next couple of quarters: Bluestone’s Founder & CEO
  12 Sep 2022,retail.economictimes.indiatimes.com
  At the E-commerce & Digital Natives Summit 2022, Bluestone’s Founder & CEO, Gaurav Singh Kushwaha said “We expect strong jewellery demand over the next couple of quarters”…
• Online Reputation Management For Your Retail Store Is Just As Important. Here’s Why
  12 Sep 2022,retail.economictimes.indiatimes.com
  Online reputation management is a very important aspect of virtually every business,…
• Pepperfry focuses on offline presence, franchise model
  12 Sep 2022,financialexpress.com
  From a High Street business in top towns, I want to now become a neighbourhood store…
• Appliances industry expects up to 35% growth in sales during this festive season
  12 Sep 2022,retail.economictimes.indiatimes.com
  Companies such as Panasonic, LG, Sony, Samsung, Haier, Godrej Appliances, Voltas…
• ‘One Shopping Mall’ launches at Hanamkonda! by Shri Errabally Dayakar Rao garu & Tollywood diva Kajal Agarwal
  12 Sep 2022,ibgnews.com
  Hyderabad, September 2022: The latest sensational shopping experience, One Shopping Mall – an exclusive family shopping mall, offering a new experience every day; was formally inaugurated by the Chief Gues…
• Redington India to retail iPhone 14, Apple watch series 8 across locations
  12 Sep 2022,economictimes.indiatimes.com
  Supply chain solutions provider Redington India is to offer the latest Apple Inc. products – the iPhone 14 and 14 Plus – in over 4,000…
• Going forward, we will focus on rapidly growing our online presence: Noel Tata
  12 Sep 2022,thehindubusinessline.com
  Chairman of Trent Ltd shares his thoughts on the future of the company…
• Indian investors understand digital businesses better now: Zomato cofounder Mohit Gupta
  10 Sep 2022,retail.economictimes.indiatimes.com
  We understand and appreciate that restaurant partners are the largest and most important part…
• Tata Group in talks to join an elite club of iPhone makers
  10 Sep 2022,retail.economictimes.indiatimes.com
  An Indian company making iPhones would be a massive boost for the country’s effort to challenge China, whose dominance in electronics manufacturing…
• Amazon Business says it has 6.5 lakh sellers in India
  10 Sep 2022,thehindubusinessline.com
  For Amazon, Amazon Business in India is said to be the company’s second largest B2B marketplace after the US…
• Myntra stocks up on Macy’s in India
  10 Sep 2022,livemint.com
  American department store chain Macy’s, the operator of hundreds of fashion stores in the US, is set to enter India through e-commerce marketplace Myntra in the run-up to the festive season…
• The Centerpiece of E-Commerce: How Brands are Uncovering Innovation in Digital Business?
  10 Sep 2022,retail.economictimes.indiatimes.com
  A glittering panel discuss The Centerpiece of E-Commerce: How Brands are Uncovering Innovation in Digital Business?…
• UpScalio to bet on 12-15 startups every year
  10 Sep 2022,livemint.com
  UpScalio, a Thrasio-style venture that finances e-commerce brands, will back sports and fitness firms, baby and child care brands and petcare startups…
• Inflation likely rose in August, snapping 3-month downtrend: Report
  10 Sep 2022,retail.economictimes.indiatimes.com
  Food inflation, which accounts for nearly half the consumer price index (CPI) basket, is expected to have soared as prices of essential crops like wheat, rice and pulses were driven higher by a record heatwave, squeezing household budgets…
• Emami seeks for increased levels of competitiveness by remaining firmly involved in Ayurveda
  10 Sep 2022,retail.economictimes.indiatimes.com
  Goenka noted that in order to advance the business, the focus on analytics and technology in sales and distribution will be further reinforced…
• Chennai to get 7 new malls by 2025 as footfall reaches pre-pandemic levels
  10 Sep 2022,timesnownews.com
  In the past three years, no brand-new mall has opened in the city. According to real estate experts, projects for new malls in the Chennai Metropolitan Area have gained momentum due to the ease of access provided by the expansion of the metro rail network and new express motorways (CMA)…
• 12 Malls in the next three years..? Lulu’s Master Plan!
  10 Sep 2022,indiaherald.com
  Kozhikode, Tirur, Perinthalmanna, Kottayam, palakkad and Noida, Varanasi, Prayagraj, ahmedabad (in Uttar Pradesh), hyderabad, Bengaluru…
• 7heven aims to make grocery shopping smooth and comfortable in India.
  10 Sep 2022,businessoutreach.in
  Due to this, there are scattered small ration stores here and there that provide local alternate brands of lower quality and have less variety…
• How Resort Wear is Expanding its Retail Presence in India
  10 Sep 2022,indianretailer.com
  Now with domestic demand growing, this segment is set to boom with innovation, sustainability, and affordability becoming key aspects of the industry…
• Gujarat’s leading furniture brand ‘Mood of Wood’ plans to expand its retail footprint in India
  10 Sep 2022,business-standard.com
  Ahmedabad (Gujarat) [India], September 9 (ANI/PNN): Mood of Wood, a homegrown furniture brand in Gujarat, has announced aggressive growth plans to…
• Reliance Retail to invest in Big Cola, Aakash Namkeen
  9 Sep 2022,livemint.com
  NEW DELHI : After completing the acquisition of soft drink brand Campa, Reliance Retail is looking to add more fast-moving consumer goods brands to its portfolio…
• Reliance-backed Dunzo Daily’s Bengaluru operations hit as delivery staff protest
  9 Sep 2022,retail.economictimes.indiatimes.com
  Dunzo Daily, the 20-minute delivery service, was still not available in many pockets of Bengaluru as of Thursday afternoon…
• Fireside Chat on Building Consumer Business in India for next 100 Years
  9 Sep 2022,retail.economictimes.indiatimes.com
  Well, this chat was filled with a lot of fire, and insights of course on Building Consumer Business in India for the next 100 Years. Jeyandran Venugopal, Chief Product & Technology Officer, Flipkart and Dr. Anand Ramanathan, Partner- Strategic Transformation, Deloitte India light up this fireside chat…
• Wow! Momo raises Rs 125 crore from OAKS Asset Management
  9 Sep 2022,retail.economictimes.indiatimes.com
  According to the press release, the new funding is a part of a two tranche-raise and the company plans to raise another Rs 100 crore in the next quarter…
• Global ecommerce sales to drop for the first time in history: report
  9 Sep 2022,retail.economictimes.indiatimes.com
  In a first, global e-commerce revenues are forecast to shrink this year due to supply chain issues and rising inflation, and industry is expected to generate $3.74 trillion in sales this year, $95 billion less than in 2021, a report showed on Thursday…
• DealShare creates over 1000 small scale businesses in tier 2 & 3 cities across India
  9 Sep 2022,retail.economictimes.indiatimes.com
  The company said it helps optimise supply chain while improving efficiency and fostering entrepreneurship. This network model also empowers over 20,000 people with job opportunities that provide additional incomes and growth avenues…
• Udaan adds 150 FMCG brands to its platform; plans to expand its presence to 1,500 cities
  9 Sep 2022,retail.economictimes.indiatimes.com
  With the addition of these brands, the FMCG category will now have over 250 brands on the platform to serve small retailers and kirana stores across the country, the company said in a media release…
• Consumer sentiments in India dip: CMIE
  9 Sep 2022,retail.economictimes.indiatimes.com
  Even the Index of Current Economic Conditions (ICC) fell by 1.2% in August on the back of sharp dip in the propensity of the rural households to buy consumer durables. The rural ICC fell by 2.4% in August while the urban ICC moved up marginally by 0.6%…
• How are Brands ensuring Seamless Omnichannel Delight to the New-Age Consumer?
  9 Sep 2022,retail.economictimes.indiatimes.com
  Panel discussion on one of the most potent topics in the world of Retail and E-Commerce – Brands ensuring Seamless Omnichannel Delight to the New-Age Consumer..
• How New-Age brands are Setting Benchmarks in Digital Business?
  9 Sep 2022,retail.economictimes.indiatimes.com
  How New-Age brands are Setting Benchmarks in Digital Business? This panel of stalwarts answer all your queries…
• ‘Platinum jewellery sales to bounce back to pre-pandemic levels’
  9 Sep 2022,thehindubusinessline.com
  Convergence of the festive and wedding seasons likely to further drive consumer sentiment, says Vaishali Banerjee, Managing Director, PGI-India…
• Bira 91 partners with VAHDAM India to launch Chamomile Tea Lager
  9 Sep 2022,retail.economictimes.indiatimes.com
  The Chamomile Tea Lager has been brewed with a special blend of high-quality green tea, pure chamomile, and dried orange peels, which makes this beer crisp, zesty and refreshing. The beer is extremely sessionable, easy to drink and an ode to the comfort we seek in a hot cup of tea on a rainy day, or a chilled beer after a long day’s work, said a media release issued by VAHDAM India…
• Pepperfry Expands Offline Presence, Opens Largest Studio In New Delhi
  9 Sep 2022,indianretailer.com
  Pepperfry continues to reinforce its commitment towards building a robust omnichannel presence in India. The Studio footprint of Pepperfry covers 100+cities with 195+ studios across the country…
• Victoria’s Secret set to open its first physical store in India
  9 Sep 2022,cnbctv18.com
  The store will open in Mumbai’s Phoenix Palladium mall and will feature the US-based retailer’s complete range across its 3 brands – Victoria’s Secret Lingerie, PINK and Victoria’s Secret Beauty…
• Croma Expands Offline Presence, Opens Mega Electronic Store at ‘Reach 3 Roads’, Gurugram
  9 Sep 2022,indianretailer.com
  Spread across 18,000 square feet on the ground and first floor, the Croma store has been specifically positioned to ensure footfall flows in from all sides…
• Omaxe Chowk leases 11,000 sq ft retail space to jewellery giants
  9 Sep 2022,financialexpress.com
  Omaxe Chowk is bringing a wide range of jewellery solutions under one roof and endeavours to become an end-to-end jewellery marketplace…
• Etailers ask sellers to prepare for September-end big festive sales
  8 Sep 2022,retail.economictimes.indiatimes.com
  Walmart-owned Flipkart is expected to kickstart its flagship Big Billion Days on September 24 while Amazon will likely follow suit around the same time…
• Consumer durables sector revenue to rise 15-18% to cross Rs 1 lakh cr this fiscal: Report
  8 Sep 2022,retail.economictimes.indiatimes.com
  ​​​According to the report, a 10-13 per cent spike in demand/volume, which will be driven by both urban and rural segments — led mostly by the AC and refrigerator segments, though rural demand will come into play in the second half of the fiscal…
• Consistency is the key differentiator for Lenskart, says co-founder Ramneek Khurana
  8 Sep 2022,retail.economictimes.indiatimes.com
  ​​​At the E-commerce & Digital Natives Summit 2022, Ramneek Khurana, co-founder, Lenskart shares the company’s plans three years down the road…
• Curating CX that Matters: Key Initiatives to Positive Shopping Experience in the E-Commerce
  8 Sep 2022,retail.economictimes.indiatimes.com
  ​​​Panel Discussion on how to curate a positive shopping experience in e-commerce…
• Key E-commerce trends in 2022 to accelerate your business
  8 Sep 2022,retail.economictimes.indiatimes.com
  ​​​As e-commerce continues to grow at a break-neck speed, no business can afford to ignore having an online strategy to accelerate revenue. Having said that, it has now also become important for brands to put customers at the centre of all their e-commerce strategies. This is just one of the many noticeable developments happening in the commerce industry…
• Re-imagining Retail with Google Cloud
  8 Sep 2022,retail.economictimes.indiatimes.com
  Catch this intriguing session by Subram Natarajan, Director, Customer Engineering, Google Cloud India at the ETRetail.com E-commerce & Digital Natives Summit 2022…
• Brands, retailers bank on festive sales
  8 Sep 2022,livemint.com
  The industry is hoping that deep discounts during the festive season, along with new product launches, and consumers’ looking to upgrade to 5G phones, will help make up for the sales lost during the first half of the year due to supply constraints and weak demand…
• Retail tech startup Daalchini raises $4 million in funding led by Unicorn India Ventures
  8 Sep 2022,retail.economictimes.indiatimes.com
  Founded in 2017 by ex-Paytm executives Prerna Kalra and Vidya Bhushan, Daalchini sells snacks and home-style meals to through automated kiosks, mobility retails, and vending machines…
• ABFRL gets SEBI exemption in Rs 2,195 cr investment by Caladium
  8 Sep 2022,retail.economictimes.indiatimes.com
  “In this regard, we wish to inform you that SEBI vide its letter dated September 7, 2022 to the Stock Exchanges that it has granted relaxation to the Company from applicability of Rule 19(2)(b) of the SCRR for Preferential Issue of listed warrants,” it said…
• Godrej Jersey adds new product to its flavoured milk basket
  8 Sep 2022,retail.economictimes.indiatimes.com
  The South India Protein Gap study (2019) by Karvy Insights showed that only 32 per cent of adults consume milk and that its consumption reduces with increasing age, where adults desire wider options like curd or packaged milk drinks. Flavoured milk captures this need for packaged milk beverage and is a household favorite in most southern states…
• Apple retains prices on new iPhones with faster processor despite inflation
  8 Sep 2022,business-standard.com
  Apple’s latest line-up of iPhones will boast better cameras, faster processors, and a longer lasting battery at the same prices as last year’s model, despite the inflationary pressure…
• Reliance Retail buys into ‘desi’ power by acquiring local consumer brands
  8 Sep 2022,business-standard.com
  By acquiring a string of local consumer brands, the conglomerate is looking to build volumes and scale in its private label retail business…
• 1mg turns unicorn after fresh fund infusion from Tata Digital
  8 Sep 2022,retail.economictimes.indiatimes.com
  1mg has raised $41 million after which it has been valued at $1.25 billion, people briefed on the matter said. Tata Digital had acquired 1mg at a valuation of around $450 million in June last year…
• Zomato Instant in extended pilot stage, says cofounder Mohit Gupta
  8 Sep 2022,retail.economictimes.indiatimes.com
  “We understand our responsibility towards sustainability, safety, making sure the food quality is great, and also making sure we have a line of sight to profitability, as we start scaling this, which is why we are taking time in our pilot,” he told ET in an interview…
• Vivo plans to increase exclusive stores to more than 650 in India this year
  8 Sep 2022,retail.economictimes.indiatimes.com
  “The mainline retail channel has always been an essential part of our go-to-market strategy and we would continue to invest in this channel. By the end of this year, we aim to take the total number of Vivo exclusive stores to more than 650 in the country,” Vivo India Brand Strategy Head Yogendra Sriramula said in a statement…
• Amazon India launches Sortation Centre in Gujarat ahead of festive season
  8 Sep 2022,retail.economictimes.indiatimes.com
  Situated in the Bavla industrial area in Ahmedabad and spread across 1.25 lakh sq ft, this Sortation Centre will sort and connect customer packages to the delivery stations of Ahmedabad and other cities of the state…
• Paytm: 72% YoY increase in merchant payments volume to Rs 2.10 lakh crore in July-August
  8 Sep 2022,financialexpress.com
  Credit and finance for MSMEs: The company’s overall loan distribution business scaled to 6 million loans disbursed during July and August, registering a growth of 246 per cent from last year’s disbursements during the two-month period that stood at 1.7 million…
• India’s retail inflation likely rose to 6.9% in August, says Deutsche Bank
  8 Sep 2022,retail.economictimes.indiatimes.com
  While Brent crude oil prices have recorded a steep decline in recent weeks, the favourable impact will be less reflected in the CPI as fuel items account for a very small weight, Deutsche Bank said…
• Shiprocket: How India’s 20th unicorn changed its business model multiple times
  8 Sep 2022,retail.economictimes.indiatimes.com
  Saahil Goel, co-founder and CEO of Shiprocket, said there were many times during this journey when they had to stop what they were doing and start from scratch while trying to take all stakeholders, including investors, along…
• This festive season 66% consumers will shop more vs 2021, majority to shop online; here’s what they’ll buy
  8 Sep 2022,financialexpress.com
  87 per cent of consumers said that the spending capacity has either improved or remained the same compared to last year, which indicates a high propensity to spend in the upcoming festive season…
• FMCG firms bet big on bumper festive sales
  8 Sep 2022,livemint.com
  NEW DELHI : Fast moving consumer goods companies are ramping up supply chains and investing in marketing campaigns as they expect stronger sales this festival season…
• B2B food processing startup Suite42 raises $4.3 million in funding led by Omnivore, Orios
  8 Sep 2022,retail.economictimes.indiatimes.com
  Suite42 plans to use the funding for talent acquisition, developing the ‘Suite42 Standard’ in the food processing ecosystem, launching raw material financing, and piloting cross-border trade (exports)…
• Would surpass Rs 21,000 crore revenue target by 2026, says ABFRL chairman
  8 Sep 2022,retail.economictimes.indiatimes.com
  “The strong revenue recovery resulted in improved profitability over the previous year. Several initiatives encompassing cost management, supply chain optimisation and smart procurement were taken up by the business teams that contributed to the sharp improvement in profitability,” he said. ABFRL is working on strategic alliances and is building a comprehensive set of iconic brands…
• Will Reliance’s FMCG entry be another Nirma moment?
  8 Sep 2022,business-standard.com
  Reliance Industries’ entry in the FMCG sector will heat up competition in the space dominated by the likes of HUL, ITC, Nestle India and Patanjali. Will Reliance be a disruptor in this segment too?…
• Malls on the rebound
  8 Sep 2022,retail.economictimes.indiatimes.com
  For malls, the sound of rising footfalls is soul-lifting. With Covid-19 curbs ending, retail sales at malls are seen 15% above pre-pandemic levels this fiscal…
• Tata Consumer scouts for more brands
  8 Sep 2022,livemint.com
  NEW DELHI : Tata Consumer Products Ltd will keep growing its existing brands of foods and beverages as it continues to scout for acquisitions, said Ajit Krishnakumar, chief operating officer at the company…
• Sameer Khetarpal joins Jubilant FoodWorks as CEO, MD
  8 Sep 2022,retail.economictimes.indiatimes.com
  New Delhi: Jubilant Foodworks Ltd (JFL) on Monday announced that Sameer Khetarpal has joined as its chief executive officer and managing director. “Shareholders have also approved his appointment in the 27th Annual General Meeting of the Company convened on August 30, 2022,” said a statement from JFL…
• Prosus Ventures may join funding round of ex Myntra CEO’s new fashion startup
  8 Sep 2022,retail.economictimes.indiatimes.com
  Prosus Ventures, the venture investment arm of Prosus (formerly Naspers) is in advanced stages of talks to join the funding round of the new venture of former Myntra CEO Amar Nagaram, according to people briefed on the matter…
• What does India’s high retail inflation mean for consumers and corporate India
  8 Sep 2022,retail.economictimes.indiatimes.com
  India’s high retail inflation of 6% and above is likely to sustain for many more months. What does it mean for consumers and corporate India?…
• High shopper footfall across Kolkata malls raises hope of new records
  8 Sep 2022,retail.economictimes.indiatimes.com
  If footfall and sales at city malls in August and the first September weekend are any indicator, the festive season will set new benchmarks in mall retail, overtaking the previous record set in 2019 prior to the start of pandemic…
• PepsiCo bottling plant to come up in Prayagraj: UP Minister
  8 Sep 2022,retail.economictimes.indiatimes.com
  Uttar Pradesh Minister for industrial development, export promotion, NRI and investment promotion Nand Gopal Gupta ‘Nandi’ has said that Varun Beverages — the second largest bottling company of PepsiCo’s beverages in the world outside the US — will soon set up its plant in Saraswati Hi-Tech City in Naini in Prayagraj…
• From Indore a tea-focussed QSR brand goes global
  8 Sep 2022,retail.economictimes.indiatimes.com
  The company clocked Rs 10 crore in revenues last financial year, while the franchises under its ambit clocked over Rs 150 crores last fiscal…
• Tata CLiQ Luxury forays into fitness category with the launch of Workout Studio
  8 Sep 2022,retail.economictimes.indiatimes.com
  This fitness store will offer comprehensive fitness solutions ranging from equipment, gear, health and wellness, and active wear. The store aims to inspire and educate the customer on the fitness lifestyle possibilities…
• Dixon bags rights to make Google and Android TVs for other brands
  8 Sep 2022,retail.economictimes.indiatimes.com
  The rights, announced by Dixon on Monday, will enable the firm to both design and manufacture smart LED TVs for third-party brands…
• Colorbar Plans to Expand its Retail Footprint in North India
  8 Sep 2022,indianretailer.com
  The brand has recently launched two new stores in New Delhi and Gurgaon, to invite beauty and makeup enthusiasts…
• Delhi shopping malls with more space to get a facelift
  8 Sep 2022,economictimes.indiatimes.com
  Most of the shopping malls in Delhi are getting an upgrade and developing extra area to open more stores, availing benefits of the scheme launched by the Delhi Development Authority (DDA)…
• Demand more than what industry can supply: Nexus Malls CEO
  8 Sep 2022,fortuneindia.com
  Top local retailers are looking to add anywhere between 5,000 and 7,000 stores in the next 12 months…
• Demand more than what industry can supply: Nexus Malls CEO
  8 Sep 2022,fortuneindia.com
  Top local retailers are looking to add anywhere between 5,000 and 7,000 stores in the next 12 months…
• Singapore Food Festival in India is set to bring innovative culinary delights
  8 Sep 2022,connectedtoindia.com
  The second edition of the Singapore Food Festival in India is set to cook up a storm with innovative culinary delights from August 27 to September 11, 2022…
• Onam celebrations in Kerala | A throwback to the pre-pandemic times
  8 Sep 2022,thehindu.com
  Notwithstanding intermittent spells of heavy showers that somewhat dampened the mood of traders, this Onam more or less turned out to be a throwback to the pre-pandemic times when it was celebrated with boundless joy by all sections of the society…
• UNIQLO Expands Offline Presence, Opens Store in Chandigarh
  8 Sep 2022,indianretailer.com
  This new store will also serve as a hub and have access to markets of Punjab, Haryana, Himachal Pradesh, Jammu, and Kashmir…
• How cloud computing is raising capabilities for retail businesses
  8 Sep 2022,yourstory.com
  Cloud-based data analytics, AI-led solutions, personalisation are powering retailers to optimise operations and cater to customer and business needs for digital and physical formats…
• THE NEW SHOP Expands Offline Presence, Opens Store in Meerut
  8 Sep 2022,indianretailer.com
  This will be the first of its kind 24 hours open store in Meerut, providing home deliveries 24/7 within 15-30 mins…
• Retail-tech startup Daalchini raises $4 million in a round led by Unicorn India Ventures
  8 Sep 2022,businessinsider.in
  Delhi-based retail-tech startup Daalchini has raised $4 million in a series A round led by Unicorn India Ventures…
• Reliance Retail can Deliver India’s First Major Carbonates Private Label with Campa Cola Relaunch
  8 Sep 2022,businessinsider.in
  Reliance Retail Ventures, a division of Reliance Industries, has recently acquired Campa Cola, an iconic Indian carbonates brand, from Pure Drinks Group for an estimated Rs 220 million ($2.8 billion). The retailer has now relaunched Campa Cola in the cola, orange, and lemon flavors in select stores…
• Reliance in talks to buy bunch of FMCG brands
  5 Sep 2022,retail.economictimes.indiatimes.com
  According to a person close to the development, Reliance is at an “advanced stage” of negotiations with all three companies…
• Our biggest responsibility this festive season is to our sellers, says Amazon’s Manish Tiwary
  5 Sep 2022,retail.economictimes.indiatimes.com
  Highlighting the growing adoption of e-commerce in smaller towns and cities, Tiwary shared that more than 80 per cent of Amazon India’s new customers, 60 per cent of orders, and more than half of sellers come from smaller towns…
• Reliance Retail accounts for 63% of FCL’s sales
  5 Sep 2022,retail.economictimes.indiatimes.com
  Reliance Retail contributed ₹611.75 crore, said the report, adding that the failure of the ₹24,713 crore deal with Reliance Group in April this year had a significant impact on its business…
• Sweets-snacks sale may hit record: Industry expert
  5 Sep 2022,retail.economictimes.indiatimes.com
  During the Rakshabandhan festival last month, the trade of sweets and snacks witnessed a tremendous growth, Federation of Sweets and Namkeen Manufacturers director Firoz H Naqvi told PTI…
• Reliance retail arm acquires control of Insight Cosmetics
  5 Sep 2022,livemint.com
  NEW DELHI : Reliance Retail Ventures Ltd (RRVL) has bought a controlling stake in makeup and personal care brand Insight Cosmetics, said two people aware of the deal, marking the entry of the billionaire Mukesh Ambani-owned company into the cosmetic business…
• Meesho ropes in celebs to push five-day mega sale
  5 Sep 2022,retail.economictimes.indiatimes.com
  “These celebs will be seen in a brand new, quirky avatar, each of them donning the role of sellers in different categories and representing the regions they respectively belong to – building local relevance with customers across Bharat,” Meesho said…
• BigBasket co-founder Abhinay Choudhari launches tech-led laundry service
  5 Sep 2022,business-standard.com
  BigBasket co-founder Abhinay Choudhari has launched LaundryMate as his next venture aimed at solving the household laundry chore and tapping a $15 billion opportunity by 2025…
• Input cost hike pushes India Inc Q1 revenue up 39%; compresses margin by 213 basis points: Report
  5 Sep 2022,retail.economictimes.indiatimes.com
  While companies passed on higher input costs in the form of commodity and energy cost, leading to revenue growth, the same led to margin compression, rating agency Icra said in a note based on the analysis of 620 listed companies, excluding financial sector en…
• Luxury carpets brand Obeetee to expand retail footprint in metros
  5 Sep 2022,livemint.com
  The company has launched its second retail store in Delhi, has one outlet in Mumbai and intends to open one more in Hyderabad within the year…
• Be wary of Zomato, Swiggy dine-in schemes, restaurant body NRAI tells members
  5 Sep 2022,retail.economictimes.indiatimes.com
  Swiggy did not immediately respond to ET’s queries. Zomato said a a statement: “With our new dining product, now live in Hyderabad for a few weeks with great results, we are confident that we will create tremendous value and growth for the industry. We are looking forward to working with progressive restaurants who see the bigger picture…
• Meesho sets eyes on turning profitable before going public
  5 Sep 2022,livemint.com
  Meta Platforms and SoftBank-backed Meesho is working on becoming Ebitda-positive by mid-2023 before going public, founder and chief executive Vidit Aatrey said at the company’s town hall meeting…
• Laxman Narasimhan: Starbucks’ new Indian boss is a move-fast espresso drinker new to retail
  5 Sep 2022,retail.economictimes.indiatimes.com
  By the six-month mark, Narasimhan had come up with a strategy to turn around Reckitt’s performance that has prioritized growth and investment in its health, nutrition and hygiene divisions while shedding noncore brands. Disposals included the Chinese division of infant formula maker Mead Johnson, an ill-fated top of the market $17 billion takeover by predecessor CEO Rakesh Kapoor that was more expensive than all of Reckitt’s previous deals combined…
• This year will be the biggest Big Billion Days sale, expect more than 50% participation from tier 3 cities and beyond: Flipkart
  5 Sep 2022,retail.economictimes.indiatimes.com
  While interacting with media at the ETRetail.com E-commerce & Digital Natives Summit 2022 held in Bengaluru, Venugopal said that this year will be the biggest Big Billion Days sale. “Our customers look forward eagerly to our BBD sale and we start preparing for it a year in advance.”…
• RBI Governor Shaktikanta Das expects inflation to ease to 5% by April-June next year
  5 Sep 2022,retail.economictimes.indiatimes.com
  Reserve Bank of India Governor Shaktikanta Das said that the policy aim is to control inflation while minimising any impact on economic growth. Inflation has remained above RBI’s 2% to 6% tolerance band for several months, with consumer inflation at 6.71% in July…
• Sectors hit hardest by pandemic grew slower, says Nomura
  5 Sep 2022,retail.economictimes.indiatimes.com
  India’s gross domestic product (GDP) data indicated that while domestic demand improved in the June quarter, growth was much slower in the sectors hardest hit by the pandemic, signalling deeper scarring and lower trend growth, research firm Nomura said in a report…
• Ted Baker’s store revenue gains on recovering footfall, formalwear sales
  5 Sep 2022,retail.economictimes.indiatimes.com
  The fashion retailer, known for its suits, shirts and dresses with quirky details, is benefiting from a turnaround plan, while growing demand for formal wear amid a return-to-office push by companies is also aiding performance, Ted Baker said…
• Amid US retail gloom, Uniqlo shines on COVID-triggered revamp
  5 Sep 2022,retail.economictimes.indiatimes.com
  Retailers from Gap to Kohl’s are warning of slumping profit margins as inflation-wary customers hold off on buying clothing. But the flagship brand of Fast Retailing said it’s poised to book its first annual profit in North America – after 17 years of trying – aided by a revamp of its logistics and pricing strategy, introduced during the pandemic, and essentially halting discounting…
• Will Reliance Retail disrupt the FMCG market?
  5 Sep 2022,thehindubusinessline.com
  Reliance Retail’s foray into the fast-moving consumer goods (FMCG) business has the potential to disrupt the sector, opined industry experts…
• Ab Inbev expands Hoegaarden beer range
  5 Sep 2022,livemint.com
  Capitalising on the growing consumer trend for flavours and styles in the wheat beer category, AB InBev is launching two variants – Rosée and Nectarine. To begin with, these will be available in Bengaluru, Mumbai, Pune, and Thane…
• Alcoholic beverages maker Tilaknagar Industries ropes in Ahmed Rahimtoola as its chief marketing officer
  5 Sep 2022,retail.economictimes.indiatimes.com
  The appointment gains significance as TI, the country’s largest manufacturer of premium brandy, is currently in the process of re-invigorating and enriching its brandy portfolio. Recently, the company launched India’s first premium flavoured brandy under its flagship brand, Mansion House and plans to further expand its basket of premium brandy offerings across markets…
• Sanjeev Bikhchandani reappointed as non-executive director on Zomato board
  5 Sep 2022,retail.economictimes.indiatimes.com
  Zomato passed a resolution to consider and adopt the audited standalone and consolidated financial statements for the financial year ended March 31, 2022. It also considered re-appointment of Bikhchandani, who was to retire by rotation and being eligible, offered himself for reappointment…
• Korean cosmetic giant Amorepacific to buy U.S. luxury skincare brand Tata Harper
  5 Sep 2022,retail.economictimes.indiatimes.com
  Vermont-based Tata Harper, which was launched in 2010 by Tata Harper and her former husband Henry Harper, currently sells its products in 25 online stores and over 800 brick-and-mortar retailers such as Sephora, Bluemercury and Neiman Marcus…
• Brisk business in malls and markets ahead of Durga Puja
  5 Sep 2022,telegraphindia.com
  Sunday was hot and humid, and rainy in parts, but nothing deterred tens of thousands of Puja shoppers who swarmed malls and markets…
• Demand for Quality Retail Space across Prime Malls & High Streets Witnessed an Uptick in Mumbai
  5 Sep 2022,indianretailer.com
  Demand for Quality Retail Space across Prime Malls & High Streets Witnessed an Uptick in Mumbai…
• Domestic brands drive up retail space absorption in Hyderabad
  5 Sep 2022,thehindu.com
  The retail space absorption in Hyderabad stood at approximately 0.24 million sq.ft., led by domestic brands while the retail space supply in the city was at 0.37 million sq. ft. during first half of 2022. Additionally, with improving sentiments towards offline stores, space take-up increased across malls on a half-yearly basis…
• Festive season to drive consumer spending: 20% will shop more during 2022 festive season vs 2021, says Axis survey
  5 Sep 2022,financialexpress.com
  The survey revealed that 20 per cent of the consumers plan to shop more this festive season in comparison to last year while 32 per cent plan to shop the same as the previous year…
• High shopper footfall across Kolkata malls raises hope of new records
  5 Sep 2022,timesofindia.indiatimes.com
  KOLKATA: If footfall and sales at city malls in August and the first September weekend are any indicator, the festive season will set new benchmarks in mall retail, overtaking the previous record set in 2019 prior to the start of pandemic…
• Zomato’s deputy CFO Nitin Savara quits
  2 Sep 2022,retail.economictimes.indiatimes.com
  Savara joined Zomato in November last year from Ernst & Young, a multinational professional services firm, where he was a partner. During his stint at Zomato, Savara played an important role in the acquisition of quick commerce startup Blinkit for Rs 4,447 crore…
• Former Reckitt head Laxman Narasimhan is new CEO of Starbucks
  2 Sep 2022,retail.economictimes.indiatimes.com
  Narasimhan joins the growing ranks of Indian-descent CEOs heading leading US corporate giants such as Satya Nadella of Microsoft, Sundar Pichai of Alphabet, Shantanu Narayen of Adobe, Punit Renjen of Deloitte and Raj Subramaniam of FedEx. Major former Desi CEOs include Indra Nooyi of PepsiCo and Ajay Banga of Mastercard…
• Rules allow cloud kitchens to service multiple brands
  2 Sep 2022,retail.economictimes.indiatimes.com
  E-commerce platforms are obliged to display the FSSAI license and registration number of the concerned entity on their platforms, a spokesperson for FSSAI said in an emailed statement…
• Dabur’s D2C brands to cross Rs 100 crore in sales this fiscal, says CEO Mohit Malhotra
  2 Sep 2022,retail.economictimes.indiatimes.com
  “We are rolling out a series of digital-first new products this year. Our strategy is to use e-commerce as the launch platform for many new-age formats, build up scale here and then roll them out in other channels,” Malhotra said…
• Amazon introduces seller storage service to tackle supply chain woes
  2 Sep 2022,retail.economictimes.indiatimes.com
  In 2023, sellers will be able to use the new service called Amazon Warehousing & Distribution (AWD) to send their inventory to any location, including to wholesale customers or brick-and-mortar stores, the online retailer said…
• India’s manufacturing growth trends higher as input cost inflation eases
  2 Sep 2022,retail.economictimes.indiatimes.com
  Factory activity in India stayed strong in August as an improvement in demand and easing input cost inflation boosted output and buoyed business confidence. The Manufacturing Purchasing Managers’ Index compiled by S&P Global dipped slightly to 56.2 in August from 56.4 in July…
• Apparel exports rise 32% to $4.5 billion during April-June: AEPC
  2 Sep 2022,retail.economictimes.indiatimes.com
  “We have to be poised to grab the opportunity by ramping up our production capacity, getting into the MMF (man-made fibre) segment…We have to actively lower our cost of production and work on meeting the global standards…
• Lululemon lifts annual forecasts on strong demand for fresh products
  2 Sep 2022,retail.economictimes.indiatimes.com
  Higher-income consumers have largely shrugged off the impact of inflation to spend on discretionary goods including apparel and bags, buoyed by their savings during the lockdowns…
• Pernod Ricard sees good start to Q1 after results beat forecast
  2 Sep 2022,retail.economictimes.indiatimes.com
  The owner of Mumm champagne, Absolut vodka and Martell cognac said that, while the environment remained volatile with high inflation, the war in Ukraine and COVID lockdowns in China, its sales growth would remain “dynamic” and “broad-based”, with a good start to the first quarter that began in July…
• Select CITYWALK celebrates an environmentally friendly Ganesh Chaturthi; installs an eco-friendly Ganesh Idol made from repurposed diyas
  2 Sep 2022,retail.economictimes.indiatimes.com
  The owner of Mumm champagne, Absolut vodka and Martell cognac said that, while the environment remained volatile with high inflation, the war in Ukraine and COVID lockdowns in China, its sales growth would remain “dynamic” and “broad-based”, with a good start to the first quarter that began in July…
• India’s eB2B market pegged at $100 bn GMV by 2030
  2 Sep 2022,bizzbuzz.news
  The growth of the swanky, plush malls and hypermarts across many parts of the country notwithstanding, India’s retail market, by and large, is still driven by the unorganised general trade (GT) channel and it is growing continuously…
• Reliance Plans Aggressive Retail Growth in India
  2 Sep 2022,wwd.com
  NEW DELHI, India — Outlining plans for India’s biggest conglomerate Reliance Industries Ltd. — which has crossed the $100 billion mark…
• After Patanjali, Reliance Retail could be the next big disruptor in FMCG
  2 Sep 2022,business-standard.com
  Other FMCG companies will have to increase their advertising spends in segments Reliance makes a meaningful acquisition in order to stay competitive…
• ‘Cup of Life’ makes its way into Guinness Book of World Records
  1 Sep 2022,thehindu.com
  ‘Cup of Life’, a project being implemented by Hibi Eden, MP, on Wednesday entered the Guinness Book of World Records by distributing 1,00,001 free menstrual cups across 126 venues in 24 hours….
• What makes South City Mall the biggest weekend blockbuster in town?
  1 Sep 2022,telegraphindia.com
  There’s more than one reason why South City Mall is the go-to weekend destination for many south Kolkatans — be it luxury or everyday shopping, movie or date night, pubbing or pampering….
• Last-minute Christmas shopping may back be in vogue this year, says Best Buy
  1 Sep 2022,retail.economictimes.indiatimes.com
  “Our hypothesis is you are going to see a holiday that starts to look a little bit more like what we saw pre-pandemic. Maybe comes a little bit later and is probably promotional in our space,” Chief Executive Corie Barry said on an earnings call….
• Indian economy can touch $20 trillion by 2047: Bibek Debroy
  1 Sep 2022,retail.economictimes.indiatimes.com
  Releasing ‘The Competitiveness Roadmap for India@100’, Debroy also said the country’s annual per capita income will be over $10,000 if the country grows at an average economic growth rate of 7-7.5 per cent in the next 25 years….
• After fastest growth in Q1, what next for the Indian economy?
  1 Sep 2022,retail.livemint.com
  In the past three months till June 30, India’s Gross Domestic Product (GDP) was probably 15.2% higher than a year earlier, according to Reuters polls this week….
• B2B retail commerce platform Soptle raises funds led by Soonicorn LLP and a clutch of logistics leaders
  1 Sep 2022,retail.economictimes.indiatimes.com
  Launched in May 2022, by 20-year old engineering school dropout Pravas Chandragiri, Soptle is a micro SaaS-led B2B retail commerce platform that helps consumer goods companies distribute products by using its network of over 15,000 retailers across the country….
• Amazon expands network in Pune
  1 Sep 2022,retail.economictimes.indiatimes.com
  Amazon also announced that it has added a 15,000 square feet delivery centre, which, the firm added, will help in its last-mile delivery system in southern and western suburbs of the city, including Katraj, Yewalewadi, Bibwewadi, among others….
• Flipkart adds 1 lakh more kiranas to its network
  1 Sep 2022,thehindubusinessline.com
  30 percent of Flipkart’s 100 million deliveries a month are from kirana stores, says company….
• WhatsApp-JioMart to help RIL take on Amazon and Flipkart, experts say
  1 Sep 2022,business-standard.com
  Experts say the partnership will give JioMart access to over 487 million WhatsApp users in India. Experts say that the total annualised active e-commerce users in the country are only 200 million….
• Zomato to focus on food delivery, Hyperpure and quick commerce
  1 Sep 2022,retail.economictimes.indiatimes.com
  This year after reflecting on the strategic priorities as a company, given the size and scale of the platform now, Dutta said it was decided that the focus would be only on areas that have the potential to become meaningfully large businesses ten years from now….
• CCI clears Caladium’s 7.49% stake buy in Aditya Birla Fashion
  1 Sep 2022,retail.economictimes.indiatimes.com
  GIC Investor is a special purpose vehicle organised as a private limited company in Singapore that is part of a group of investment holding companies managed by GIC Special Investments Private Limited (GICSI)….
• Zomato launches next-day intercity delivery service for popular dishes
  1 Sep 2022,retail.economictimes.indiatimes.com
  “With our new launch ‘Intercity Legends’, no matter where you are, you can order and relish legendary dishes like baked rosogollas from Kolkata, biryani from Hyderabad, Mysore pak from Bengaluru, kebabs from Lucknow, butter chicken from Old Delhi, or pyaaz kachori from Jaipur,” Goyal wrote….
• Amazon India’s growth has come at a high cost while profitability remains elusive
  1 Sep 2022,retail.economictimes.indiatimes.com
  “Who can forget Jeff Bezos’ 2014 visit standing on top of a colorful lorry announcing a $2 billion investment? But nearly a decade later, Amazon India’s report card is decidedly mixed,” the report said….
• Trehan Iris lease out three lakh sq ft at Iris Broadway mall in Gurugram
  1 Sep 2022,retail.economictimes.indiatimes.com
  With this, the company has leased over 3 lakh sq ft so far. The leasing includes 2.5 lakh sq ft in retail and approximately 56,000 sq ft in its 4-star hotel….
• Sexual wellness startup MyMuse raises $1.2 million in funding led by Saama Capital
  1 Sep 2022,retail.economictimes.indiatimes.com
  MyMuse plans to use these funds to grow its team, introduce a range of innovative products, strengthen brand positioning, and expand distribution….
• Inox Leisure to add 834 screens after FY23
  1 Sep 2022,retail.economictimes.indiatimes.com
  As of June 30, 2022, Inox has 163 properties with 692 screens and a total seating capacity of 1.55 lakh. In FY22, its revenue from operations was at Rs 677.87 crore as compared to Rs 98.74 crore a year ago when the operation was heavily impacted due to the pandemic….
• Reliance’s big push to FMCG business hinges on partnering with 1 crore merchants in 5 years
  1 Sep 2022,retail.economictimes.indiatimes.com
  In a bid to help the MSME sector, Reliance Industries will expand its product and design capability while strengthening its logistics and supply-chain capabilities….
• Around 3.7 crore jewellery hallmarked during April-July: Bureau of Indian Standards
  1 Sep 2022,retail.economictimes.indiatimes.com
  The registration of jewellers was made free and valid for lifetime. Hallmark Unique Identification (HUID) based hallmarking portal was launched on July 1, 2021 wherein the entire workflow in the assaying and hallmarking centre is automated and made online. The bureau listed some important achievements since the release of mandatory hallmarking on June 16, 2021….
• India’s real GDP growth will exceed 7% growth in FY23: Finance secretary
  1 Sep 2022,business-standard.com
  The government is confident that India’s real gross domestic product (GDP) growth will exceed 7 per cent in 2022-23 (FY23), Finance Secretary T V Somanathan said on Wednesday. This will make it the world’s fastest-growing major economy….
• Emami to double rural coverage by FY24; expects robust growth from modern trade & e-commerce
  1 Sep 2022,retail.economictimes.indiatimes.com
  “In a country as vast and as populous as India, the challenge is not as much in branding and manufacturing as much as in placing the product just where the consumer needs it,” said Goenka in the company’s annual report for 2021-22….
• Havells to invest Rs 130 crore at Rajasthan unit to expand washing machine production capacity
  1 Sep 2022,retail.economictimes.indiatimes.com
  The Ghiloth plant already has the capacity to roll out 3 lakh units per annum and the company plans to add an additional capacity of 3.8 lakh units per annum….
• Udaan, Jiomart led India’s B2B e-commerce market to reach $100 bn by 2030
  1 Sep 2022,retail.economictimes.indiatimes.com
  It is further projected that the B2B general trade opportunity in India will reach $1.2 trillion by 2030, with eB2B coming up as a promising digital procurement solution, according to a report by Redseer Strategy Consultants….
• Significant reduction in debt burden to Rs 1,810 cr till March 31: Coffee Day Enterprises
  1 Sep 2022,retail.economictimes.indiatimes.com
  Following a circular from market regulator SEBI, CDEL on April 6, 2022, had made a disclosure of defaults on payments of interest and repayment of principal amount on loans from banks, financial institutions and unlisted debt securities for the March quarter….
• Reliance acquires soft drink brand Campa as part of expansion in FMCG space
  1 Sep 2022,retail.economictimes.indiatimes.com
  The deal is estimated to be around Rs 22 crore and Reliance Retail Ventures would introduce it to the general trade and local markets around Diwali, said sources close to the development…
• Reliance to enter FMCG business this year, partner 1 crore merchants in 5 years
  30 Aug 2022,retail.economictimes.indiatimes.com
  Addressing the 45th AGM of Reliance Industries on Monday, Reliance Retail Ventures Ltd (RRVL) director Isha Ambani said: “This year, we will launch our FMCG goods business”…
• J&J to stop production of baby talc in India by Q1 of 2023
  30 Aug 2022,retail.economictimes.indiatimes.com
  Johnson & Johnson, which is under scrutiny by health groups for continuing to sell its baby talc in India, said it would stop the production of the talc-based Johnson’s baby powder here by the first quarter of 2023…
• Meta, Reliance Jio allow users shop from JioMart via WhatsApp
  30 Aug 2022,retail.economictimes.indiatimes.com
  The launch is part of a strategic partnership between Meta and Jio Platforms to accelerate India’s digital transformation and provide people and businesses of all sizes opportunities to connect in new ways and fuel economic growth in the country…
• Meesho builds logistics SaaS platform to widen its network
  30 Aug 2022,retail.economictimes.indiatimes.com
  While the product is still being developed internally, this would reduce Meesho’s dependence on large third-party logistics players like Ecom Express, Xpressbees and Delhivery over a period of time…
• Inflation vs growth: India’s economy faces resilience test amid rising interest
  30 Aug 2022,livemint.com
  India’s economy probably grew at the fastest rate in a year last quarter driven by healthy consumption, but the pace of expansion is seen slowing as policymakers prioritize rising prices over growth…
• D2C brand Floryo raises $2 million in Pre-Series A funding led by 3one4 Capital
  30 Aug 2022,livemint.com
  Floryo will use the funds to expand its product line, strengthen the brand building channels and fuel its geographical expansion…
• Springfit plans to open 150-200 stores by the next year
  30 Aug 2022,retail.economictimes.indiatimes.com
  The company said it has been producing 5 lakh mattresses annually from its five manufacturing units based in Haridwar, Vadodara, Coimbatore & including 2 units in Meerut and aims to double it with its recent expansions and technology upgradation…
• The Sleep Company bets on omnichannel growth, plans to invest Rs 40-50 cr in store expansion
  30 Aug 2022,retail.economictimes.indiatimes.com
  Started as a D2C mattress brand, the company recently forayed into offline retail with an exclusive store in Bengaluru and Hyderabad. It plans to open more than 25 stores by March 2023 across top metro cities including Kerala, Chennai, Maharashtra and Gurgaon, shared Salot…
• Pushpa Bector: Mapping Mall Road, India, 2022
  30 Aug 2022,thevoiceoffashion.com
  Executive Director, DLF Retail, on Indians as community shoppers, the surge in luxury buying and why shopping at a store will never go out of fashion…
• Group Buying: A New Revolution in E-commerce Shopping for India’s Next Billion Customers
  30 Aug 2022,indianretailer.com
  Group buying is significant because it enables behaviors associated with offline commerce (sharing products or browsing a shopping mall with friends) in an online format…
• Zomato integrates grocery delivery via Blinkit on main app in pilot test
  30 Aug 2022,indianretailer.com
  Currently, those part of the pilot project can order for a minimum order value of Rs 150 via Blinkit on Zomato’s main app, while on Zomato, it remains Rs 49…
• Flipkart lines up Rs 3,600 crore for three automated fulfilment centres
  30 Aug 2022,retail.economictimes.indiatimes.com
  Talking about the up-coming festive season and Flipkart’s biggest discounting sale Big Billion Days (BBD), Badri said demand will revive and this year’s sale will be the best ever festive sale…
• Paytm appoints financial services veteran GS Sundararajan to its board
  30 Aug 2022,retail.economictimes.indiatimes.com
  Company also announced the retirement of long-time independent director, Mark Schwartz, upon completion of his tenure…
• Woodland aims Rs 1,200 crore sales in FY23, starts opening new stores
  30 Aug 2022,retail.economictimes.indiatimes.com
  Over the expansion plans, Singh said Woodland presently has a pan-India network of 550 stores, and during the pandemic closed down 50 stores which were not doing well. However, new stores are coming up, which are actually large format stores, and gradually it would come back to the original size…
• Flipkart’s social commerce arm Shopsy hits 100 mn users ahead of timeline
  30 Aug 2022,business-standard.com
  Top exec says about half of Shopsy’s customers are new to e-commerce, market is large enough to onboard another 100 million users by next year on Shopsy…
• Blackstone to raise $500 million through REIT IPO of Nexus Malls
  30 Aug 2022,retail.economictimes.indiatimes.com
  Nexus Malls operates 17 shopping centers across 13 Indian cities and has about 10 million square feet of retail space, its website shows…
• Titan’s fundamentals strong, says MD CK Venkataraman
  30 Aug 2022,retail.economictimes.indiatimes.com
  Jhunjhunwala owned Titan Company stocks worth ₹11,500 crore. On the role of inflation, Venkataraman said the customer base of Titan is the top half of income pyramid of the country, and in that segment inflation has no role to play. There has also been a negligible impact on pricing of Titan’s product, he said…
• After building scale in F&B, Tata Consumer plans to foray into wider FMCG arena: CEO
  30 Aug 2022,financialexpress.com
  TCPL is already in the midst of simplifying its organisational structure and is undergoing a restructuring of its over 43 legal entities in the international markets. The company is looking at bringing these down by about half to around 23-25, and then perhaps look at cutting the number down even further…
• With brand Saffola, Marico eyes Rs 850-1,000 cr food business by FY24
  30 Aug 2022,retail.economictimes.indiatimes.com
  “We will continue to launch a significant aggressive innovation programme under the brand Saffola in line with our aspiration to create Rs 850-1,000 crore food portfolio by FY24,” Marico Managing Director and CEO Saugata Gupta said while replying to the queries of shareholders in the AGM…
• Amazon India signs pact with Rajasthan Grameen Aajeevika Vikas Parishad
  30 Aug 2022,retail.economictimes.indiatimes.com
  As per a Memorandum of Understanding (MoU), a regional selection of products made by over 15,000 women entrepreneurs and SHGs associated with Rajeevika-RGAVP would be listed on the online marketplace, and made available to millions of Amazon India’s customers across the country, a company release said…
• India to grow at 7.4% in FY23, continue at same level next year as well: FM
  30 Aug 2022,retail.economictimes.indiatimes.com
  Union finance minister Nirmala Sitharaman on Friday said the Indian economy will grow at 7.4 per cent in this fiscal and continue at the same level in the next fiscal as well…
• Make in India: Growing focus of the sports industry for manufacturing in India and its implications on consumers
  30 Aug 2022,retail.economictimes.indiatimes.com
  The government’s primary goal in taking this action was to lessen India’s reliance on imports, improve domestic manufacturing and innovation capabilities, which would increase the creation of jobs domestically and encourage exports. This eventually led to a steady but large increase in the nation’s GDP, which has shown to be quite beneficial during a time of global crisis…
• Impresario Handmade Restaurants to invest ₹100 crore in future expansion
  30 Aug 2022,thehindubusinessline.com
  The company will be betting big on non-metro cities with a strong focus on growing the footprint of its brands Social and Smoke House Deli…
• Foodies rejoice! Kolkata restros say no to pre-Puja price hike
  30 Aug 2022,retail.economictimes.indiatimes.com
  Sudesh Poddar, president of Hotel and Restaurants Association of Eastern India and owner of three restaurants in the city, said, “The cost of raw materials is going up day by day for the past one year. Most restaurants had increased the menu rates over the past three months…
• Priyanka Chopra’s haircare brand Anomaly debuts in India on Nykaa
  30 Aug 2022,retail.economictimes.indiatimes.com
  Anomaly was founded by Chopra in partnership with global beauty incubator Maesa in 2021…
• Reliance Retail makes Rs 5,600-crore initial offer for Metro Cash & Carry India: Report
  30 Aug 2022,moneycontrol.com
  According to the report, Thailand’s largest conglomerate, Charoen Pokphand (CP) Group, has placed a bid of about Rs 8,000 crore, or $1 billion, which almost matches the German wholesaler’s expectations…
• Meta and Jio launch grocery shopping on WhatsApp in India
  30 Aug 2022,techcrunch.com
  Meta and an e-commerce venture between India’s Reliance Retail and Jio Platforms are bringing grocery shopping to WhatsApp in what they said was a global-first end-to-end shopping experience on the popular instant messaging platform…
• How Shoppers Stop Transformed Retail Amid Peak Disruption
  30 Aug 2022,bqprime.com
  Shoppers Stop was born at a unique time in Indian history—as the country was unshackling itself from the license raj in the economic liberalisation wave of 1991, which brought transformation to an aspirational nation and its citizens…
• Tales & Stories (India) looks forward to expand offline reach
  30 Aug 2022,apparelresources.com
  Artex Apparel has been one of the leaders in the kids’ fashion and denim industry for over 40 years. The company manufactures over 18 lakh+ apparels every year with a specialisation in the kids and women denims…
• Titan expects 20% growth in festive season, to open 20-30 Tanishq stores in global markets
  26 Aug 2022,retail.economictimes.indiatimes.com
  “We are also opening in some other countries of the Middle East. We are opening our first store in the US market next month and we are planning many more stores in North America in the next 2-3 years,” he said adding “We have very very big ambitions for Tanishq in the Gulf Countries and North America…
• PHDCCI urges govt to issue clarification on FDI policy in e-commerce sector
  26 Aug 2022,retail.economictimes.indiatimes.com
  ​​In a letter to Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Anurag Jain, the chamber said the loopholes in the current policy are being exploited by online retailers to carry out inventory-based e- commerce/multi-brand retail trade in the garb of running marketplace platforms…
• Shopsy hits 100 m users ahead of festival season
  26 Aug 2022,thehindubusinessline.com
  ​​Flipkart’s social commerce app Shopsy crossed over 100 million users a few weeks back, a milestone the company had earlier estimated to achieve by the end of 2022, said Adarsh Menon, Senior Vice President & Head, New Businesses (Shopsy, Cleartrip, ReCommerce) at Flipkart…
• Khadim focuses on premiumisation, aims at Rs 800 crore revenue in FY’23
  26 Aug 2022,retail.economictimes.indiatimes.com
  ​​Khadim will continue with expansion of stores, and it will add 70-80 stores to deepen its reach beyond tier II & III cities during this fiscal, company CEO Namrata Chotrani said…
• Sales of listed pvt cos rise 41% Q1: RBI data
  26 Aug 2022,retail.economictimes.indiatimes.com
  Sales of listed non-finance private companies increased by 41 per cent in the quarter ending June 2022 to Rs 14.11 lakh crore, according to Reserve Bank data released on Thursday…
• Consumer sentiments muted in August: CMIE
  26 Aug 2022,retail.economictimes.indiatimes.com
  “The ICS needs to cover lost ground in the next ten days to ensure that it does not post a contraction during August. If it fails to rally adequately, August would turn out to be the first month in 2022 to register a fall in consumer sentiments,” CMIE cautioned…
• Gem, jewellery exports down marginally at Rs 24,913 cr in July
  26 Aug 2022,retail.economictimes.indiatimes.com
  India’s gem and jewellery exports declined marginally to Rs 24,913.99 crore (USD 3,129.91 million) in July compared to the year-ago month, the Gem and Jewellery Export Promotion Council (GJEPC) said on Thursday…
• Laying eyewear optic fibre to make 400 mn specs per year: Lenskart’s Bansal
  26 Aug 2022,business-standard.com
  As part of that strategy, the SoftBank-backed firm is setting up the world’s largest eyewear manufacturing plant in Bhiwadi, a city in Rajasthan…
• Restaurants jack up prices on Swiggy, Zomato by an average 10%,citing costs
  26 Aug 2022,livemint.com
  An estimated 80% of the restaurants in the survey followed differential pricing that was higher for online orders…
• Reliance Retail FY22 net profit rises 7.6% to Rs 4,935 crore
  26 Aug 2022,retail.economictimes.indiatimes.com
  The company is the country’s largest retailer. Its net profit was nearly three times the combined profit of the nearest five listed retailers: Avenue Supermarts which owns the DMart chain, Tata-owned Trent, Shoppers Stop, Spencer’s Retail and V-Mart Retail. Revenue was more than four times the combined revenue of the rivals…
• Swiggy’s Instamart logs nine million users in 25 cities within two years
  26 Aug 2022,retail.economictimes.indiatimes.com
  Instamart aims to deliver groceries in 15-30 minutes through a network of seller-owned dark stores that emerged from the learnings of Swiggy Stores…
• ‘Unfair trade practice.’ Zomato fined Rs 10,000 for cancelling customer’s Rs 287 pizza order
  26 Aug 2022,retail.economictimes.indiatimes.com
  Zomato also has been ordered to provide one free meal to the complainant…
• Parag Milk Foods raises Rs 131 crore via preferential allotment
  26 Aug 2022,retail.economictimes.indiatimes.com
  “The current proceeds of preferential shares and warrants would be utilised to fund our long-term capital requirements and to enhance the working capital needs,” Parag Milk Foods chairman Devendra Shah said.This will aid in further strengthening the company’s balance sheet and drive the company for accelerated growth ahead, he said…
• Small towns outpace cities in demand for baby care items
  26 Aug 2022,retail.economictimes.indiatimes.com
  Kirana stores have been losing momentum as consumers shift to modern trade and online channels, which is growing between 29-60%. In comparison, the kirana channel that accounts for 37% declined 18% last year. Chemists remained the biggest channel for the category contributing 44% even as growth slowed down to just 2%…
• Bigger cart size to increase profitability for online retailers, says Unicommerce
  26 Aug 2022,retail.economictimes.indiatimes.com
  Kapil Makhija, CEO of the company said, “We have invested aggressively in Research & Development to develop tech-enabled solutions that help sellers & the platform drive efficiencies and growth.”…
• India economic indicators gave mixed signals on recovery in July
  26 Aug 2022,retail.economictimes.indiatimes.com
  The Reserve Bank of India, which has raised interest rates by a total of 140 basis points in three moves this year, has signaled future tightening would be calibrated to ensure there isn’t a massive slowdown in the economy, and sees price pressures moderating from its recent peak…
• 80% of SMEs anticipate increase in domestic order book in Q3
  26 Aug 2022,retail.economictimes.indiatimes.com
  Riding on improved confidence, small businesses participating in the survey intend to raise their capacity utilisation to 60% in Q3 of calendar year of 2022, up from 55% in Q2 2022…
• India needs to rebuild its pandemic-hit MSMEs, says former chief statistician
  26 Aug 2022,retail.economictimes.indiatimes.com
  To support MSME, he called for strengthening the architecture of India’s financial system through a greater partnership between banks and non-banking financial institutions (NBFCs)…
• World at rising risk of recession as inflation hits consumers
  26 Aug 2022,retail.economictimes.indiatimes.com
  Inflation has reached multi-decade highs in many parts of the world, forcing central banks to tighten monetary policy as their mandate is to maintain price stability…
• Consumer durable makers gear up for festive season demand amid inflation
  26 Aug 2022,livemint.com
  NEW DELHI : Makers of consumer durables are banking on a better festive season to help lift sales of premium household appliances after drawing a blank for two years…
• Men’s innerwear brand XYXX raises $11 million in funding
  26 Aug 2022,retail.economictimes.indiatimes.com
  Founded in 2017 by Yogesh Kabra, XYXX is a new-age menswear brand which produces and retails products across innerwear, comfortwear, loungewear, active wear and winter wear…
• Skincare startup Deconstruct raises $2 million in seed funding from Kalaari Capital
  26 Aug 2022,retail.economictimes.indiatimes.com
  The startup aims to utilize the funding from Kalaari Capital for research and product development, innovation and expansion, hiring and marketing initiatives…
• Fall in raw material prices to benefit Blue Star from Q3 onwards: MD
  26 Aug 2022,retail.economictimes.indiatimes.com
  “There are always raw materials and other components which have been procured yearly and those are going to run through the next couple of months. One expects that in Q3 and Q4, the margins could be better than what we delivered in Q1 or what we will deliver in Q2…
• Elista eyeing international expansion, aims to achieve Rs 500 crore revenue by 2025
  26 Aug 2022,retail.economictimes.indiatimes.com
  Elista is a part of TeknoDome Group, a global distributor for Toshiba lifestyle products. It earns 70 per cent of revenue from its range of LED Smart TVs and a major chunk from semi-automatic washing machines…
• Retailers eye 5G to boost festive demand
  26 Aug 2022,livemint.com
  NEW DELHI : Retailers are banking on 5G and 5G- enabled smartphones to stimulate demand ahead of the festive season as top brands prepare to launch models based on the technology and telcos initiate new services…
• High-value FMCG packs’ sales take off
  26 Aug 2022,retail.economictimes.indiatimes.com
  An analysis by Bizom, a platform that automates retail execution at 7.5 million kirana stores, reveals a shift in consumption towards high-value packs. The development follows signs of moderation in inflation, especially in branded commodity products…
• Biryani by Kilo clocks Rs 132 cr revenue in FY22; looking at profitability, two acquisitions this fiscal
  26 Aug 2022,retail.economictimes.indiatimes.com
  The company aims to become profitable by June – July next year with an annual run rate of Rs 500 crore, said Jindal. Talking about its plans to scale, he shared that BBK is in advanced stages of acquiring two brands. While one is a low-calorie, high protein ice cream brand, the second is a north Indian cuisine brand…
• Meesho digitises 30,000 small businesses in WB
  26 Aug 2022,retail.economictimes.indiatimes.com
  The e-commerce firm recently added Bengali, Telugu, Marathi, Tamil, Gujarati, Kannada, Malayalam and Odia to its platform with an eye on 377 million potential regional users…
• P&G Hygiene and Health Q4 profit dips 13.12 pc to Rs 42.55 cr
  26 Aug 2022,retail.economictimes.indiatimes.com
  The company, which follows July-June financial year, had reported a PAT of Rs 48.98 crore in the corresponding quarter of the previous fiscal…
• Shopping malls, physical retail locations should provide unique experience to customers for success: CBRE India
  26 Aug 2022,retail.economictimes.indiatimes.com
  The retail sector made a robust recovery in Q2 (April-June) 2022, with transaction activity growing by more than 100 per cent on a quarter-on-quarter basis…
• Trends shaping the future of the Indian beauty and personal care market
  26 Aug 2022,retail.economictimes.indiatimes.com
  The online BPC market in India expanded significantly in the last few years driven by a steep increase in e-commerce adoption. According to industry experts, e-commerce is a lucrative opportunity for brands as well as consumers. While the former can enjoy margins as high as 60-70%, the latter, especially those located in tier 2-4 cities, can easily access a wide range of BPC products offered by online retailers today…
• Price hike to limit slide in profitability of organised dairy sector: CRISIL
  26 Aug 2022,retail.economictimes.indiatimes.com
  Despite lower profitability, comfortable balance sheets and better working capital management will keep the credit profiles of players stable. A CRISIL Ratings analysis of 40 rated dairies that account for 60% of the organised segment revenue indicates as much…
• India’s Q1FY23 GDP growth expected at 15.7% with possibility of upward bias: SBI Ecowrap
  26 Aug 2022,retail.economictimes.indiatimes.com
  India’s GDP is expected to be much higher in Q1FY23 and growth is expected around 15.7 per cent with a large possibility of an upward bias because several indicators have shown good progress in the Indian economy, SBI Ecowrap report said…
• Good demand offtake for warehousing space
  26 Aug 2022,financialexpress.com
  Average rentals in Indian warehousing space in top eight cities has remained range bound in the last four years…
• Mars Wrigley India appoints Meghal Sheth as new CFO
  26 Aug 2022,financialexpress.com
  Mars Wrigley on Tuesday announced the appointment of Meghal Sheth as the chief financial officer for its India business…
• McDonald’s reshapes board as longtime member Penrose retires
  26 Aug 2022,retail.economictimes.indiatimes.com
  Billionaire Carl Icahn nominated two alternative board candidates earlier this year in an attempt to force changes at the world’s biggest burger chain over how it sources the pork used in its bacon cheeseburgers and sausage patties…
• Apple plans manufacturing iPhone 14 in India
  26 Aug 2022,retail.economictimes.indiatimes.com
  The company has been working with suppliers to ramp up production in India and shorten the lag in manufacturing new iPhones from the typical six to nine months for previous launches, the report said citing people familiar with the matter…
• Good Brands Co is the retail engine of the company and includes its D2C beauty and personal care brands – MyGlamm, St Botanica, The Moms Co, Organic Harvest, Sirona, and BabyChakra.
  23 Aug 2022,retail.economictimes.indiatimes.com
  Good Brands Co is the retail engine of the company and includes its D2C beauty and personal care brands – MyGlamm, St Botanica, The Moms Co, Organic Harvest, Sirona, and BabyChakra…
• Zomato Pro stops new sign ups, renewals as firm plans new premium plan
  23 Aug 2022,retail.economictimes.indiatimes.com
  The move comes as fine-dine restaurants are now open across the country after facing a turbulent time in the pandemic, and people now prefer going out with families for dinners…
• Adidas CEO Rorsted to stand down in 2023
  23 Aug 2022,retail.economictimes.indiatimes.com
  Current CEO Kasper Rorsted will remain in post “until a successor has been appointed” to help “ensure a smooth transition at the helm of the company”, Adidas said in a statement…
• We are trying to look at how customers are responding to the increase in prices and being cautious: Bata CFO
  23 Aug 2022,retail.economictimes.indiatimes.com
  “We have posted the highest ever sales in the last quarter and we have seen demand uptick across all our different channels. We have seen it across multiple geographies with tier two, tier three towns showing uptick. So, that is certainly a good indicator. We are also trying to look at how customers are responding to the increase in prices and being cautious. We are trying to balance both…
• FMCG volume down 0.6% during June quarter; rural recovers but urban markets fell 4.1% – Kantar
  23 Aug 2022,retail.economictimes.indiatimes.com
  A 2.8% expansion in rural areas during the quarter was offset by a slump in the cities where demand fell 4.1%, according to global consumer research firm Kantar Worldpanel (formerly IMRB). For most companies, urban areas are still the biggest market, accounting for nearly two-third of sales…
• CAIT upbeat about consumer spending this Diwali season
  23 Aug 2022,retail.economictimes.indiatimes.com
  Citing a YouGov report, CAIT has said that nearly 36 per cent of people living in the urban areas are likely to spend more during the Diwali season…
• Retailers attract shoppers with in-store experiences
  23 Aug 2022,livemint.com
  NEW DELHI : In-store experience is becoming critical to growth, considering its ability to not only boost sales, but to also increase customer engagement, according to the findings of a report by realty consultancy CBRE released on Monday…
• Addressing retail challenges with digital analytics
  23 Aug 2022,retail.economictimes.indiatimes.com
  The challenge is that the retail players need to keep pace with the fast change and invest in digital technologies like data analytics, artificial intelligence, location intelligence, Internet of Things, and so on, that guide them towards improved performance, better risk management, and in the maintenance of optimum supply inventories as per demand cycles. If the last decade was about tech intensity and tech innovation, this decade is of technology action, and those who adapt show better results…
• Are FMCG companies eyeing better margins ahead?
  23 Aug 2022,business-standard.com
  The consumer basket in India has been adversely affected due to the high food inflation and weak macro environment. However, easing commodity prices is expected to ease margin woes of FMCG companies…
• Burger Singh plans expansion in Northeast, West Bengal
  23 Aug 2022,retail.economictimes.indiatimes.com
  In West Bengal and the north-east region, the brand is looking to open 43 outlets in the next year including 34 in West Bengal, 6 in Assam, one each in Meghalaya, Mizoram and Tripura. It has entered in the north-east region with its first outlet in Guwahati, Assam…
• Burger chain Jumboking to expand in Delhi and other markets; aims to double in 2 years
  23 Aug 2022,retail.economictimes.indiatimes.com
  The company presently operates about 120 stores and a majority (85 per cent) of them are based in Mumbai, he added. Jumboking entered the Delhi market 8-9 months ago and has six stores here. It has also entered Hyderabad and has some presence in Lucknow. The company, as per its strategy, would mainly focus on Delhi and Mumbai markets…
• Gillette India profit jumps two-fold to Rs 68 crore; sales rise 27 pc to Rs 553 crore in April-June
  23 Aug 2022,retail.economictimes.indiatimes.com
  Its revenue from operations increased 26.81 per cent to Rs 552.89 crore during the quarter under review as against Rs 435.98 crore of the corresponding quarter, Gillette India said in a BSE filing…
• Indian fashion retailers pick pace in business during Q1 of FY ’23
  23 Aug 2022,apparelresources.com
  For some retailers, especially in apparel category, growth has been in double digits, mainly because of consumers shifting to lower-priced products with inflation squeezing their wallets…
• Wrfel, the largest premium modular kitchen and wardrobe brand chain in India, has launched its first studio in Dehradun’s Infinity Tower.
  23 Aug 2022,indianretailer.com
  Wurfel takes pride in launching their first retail studio in Dehradun, adding to their list of studios PAN India. Würfel, the largest premium modular kitchen and wardrobe brand chain in India, has launched its first studio in Dehradun’s Infinity Tower…
• TATA Nutrikorner Range Of Spices, Dal, Pulses, Besan, Tea & Poha. Shop Now.
  23 Aug 2022,livemint.com
  NEW DELHI : In-store experience is becoming critical to growth, considering its ability to not only boost sales, but to also increase customer engagement, according to the findings of a report by realty consultancy CBRE released on Monday…
• Blackstone in talks to buy Delhi’s Select Citywalk Mall
  22 Aug 2022,realty.economictimes.indiatimes.com
  The promoter of Select group has not added any mall to the portfolio in the 15 years of operation of Select Citywalk and with no plan for expansion, the owners want it to be part of REIT…
• Shareholders approve reappointment of Vijay Shekhar Sharma as Paytm CEO
  22 Aug 2022,retail.economictimes.indiatimes.com
  Shareholders of One97 Communications, which operates under the Paytm brand, have approved the reappointment of Vijay Shekhar Sharma as the managing director (MD) and chief executive officer (CEO) of the company, according to the scrutinizer report filed by the firm on Sunday…
• Ikea to open small city outlets along with mega formats in India supported by online channel
  22 Aug 2022,retail.economictimes.indiatimes.com
  The company, which had in 2013 received government approval for its Rs 10,500 crore investment for opening stores in India, had envisaged setting up 10 furnishing and home-ware stores as well as allied infrastructure in over 10 years in India. Subsequently, it planned to open 15 more stores…
• New foreign trade policy may help reduce compliance burden on small exporters: Report
  22 Aug 2022,financialexpress.com
  Trade, import, export for MSMEs: The policy may also look at the right categorisation of products grouped as “others” currently, as this causes misclassification and tax evasion that contributes to the growing trade deficit…
• Festive Season: Demand up for supply chain, delivery, logistics talent; bonuses delivered
  22 Aug 2022,financialexpress.com
  “We are noticing a new trend this year where companies are offering joining and retention bonuses for roles of in-shop demonstrators, operations and supply chain,” said Aditya Misra, chief executive, CIEL HR. “These incentives are not statutory payments and are aimed at attracting and retaining employees until the end of the contract so that continuity is maximised…
• Moonlighting by employees is cheating: Wipro’s Rishad Premji
  22 Aug 2022,retail.economictimes.indiatimes.com
  Premji’s comments come at a time when moonlighting has seen mass adoption owing to the work-from-home (WFH) culture brought about by Covid-19. Recently, Swiggy introduced a moonlighting policy for its riders…
• Theobroma to focus on offline expansion
  22 Aug 2022,retail.economictimes.indiatimes.com
  The ICICI Venture-backed chain, which has offline stores across five cities, delivery-only ‘cloud’ outlets and its own online brand store, is expanding its offline footprint rapidly, Gour said…
• FMCG companies could see margin recovery in second half of FY23: report
  22 Aug 2022,livemint.com
  New Delhi: Makers of fast moving consumer goods (FMCG) could see recovery in the second half of the current financial year (2HFY23) as input cost pressures ease and rural demand makes a comeback, analysts at Jefferies said in a note…
• Hospitality, retail sector hiring on the rise
  22 Aug 2022,economictimes.indiatimes.com
  Hiring for customer-facing roles in sales and commercial operations as well as other divisions is gaining momentum across hospitality and retail sectors on the back of rising demand and bullish outlook for the upcoming festive season…
• Indian Terrain eyes doubling exclusive stores
  22 Aug 2022,thehindu.com
  Chennai-based men’s and boy’s wear clothing firm, Indian Terrain Fashions Limited, (ITFL) plans to almost double the number of exclusive brand outlets (EBO) to 400 by FY25, said Charath Narsimhan, MD and CEO…
• Celio launches exclusive Batman collection in India
  22 Aug 2022,thehindu.com
  “The French menswear brand took to social media to announce the CelioXBatman collection, urging fans to ‘Get their Superhero Vibe On’,” Celio announced in a press release. “Fans can finally say “I’m Batman” and mean it, in their trendy and comfortable Batman symbol monogrammed t-shirts, hoodies and jackets. All the products of this Batman license collection have been imported from France…
• We don’t influence share price, making efforts to become profitable: Paytm CEO Vijay Shekhar Sharma
  20 Aug 2022,retail.economictimes.indiatimes.com
  “Share price movement is not influenced by us. There are several factors. Company’s profitability plays a very important factor in it. Company’s growth plays an important role in it but these two are not the only factor for share price…
• Hindustan Coca-Cola Beverages appoints Juan Pablo Rodriguez as CEO
  20 Aug 2022,retail.economictimes.indiatimes.com
  Rodriguez will take over from current Chairman and CEO Neeraj Garg, who will retire in 2022, and the transition will begin in September this year, Hindustan Coca-Cola Beverages (HCCB) said in a statement…
• India is a terrific story, helping cover up some of the shortfalls we are seeing in China: Samsonite global CEO
  20 Aug 2022,retail.economictimes.indiatimes.com
  Samsonite India sales during the calendar year was $140 million, more than double compared to 2020 when it fell to $60.5 million. However, on an annual basis, the revenues have still not reached pre-covid level of 2019 when Samsonite business was $174 million…
• Jubilant Foodworks bullish about medium-term market potential in India
  20 Aug 2022,retail.economictimes.indiatimes.com
  The company is strategically expanding the restaurant network of Domino’s. It added 230 new stores during the financial year ended on March 31, 2022. “The company increases its reach primarily by entering new cities and fortressing its existing markets,” it added…
• Sony India optimistic on audio business; expects over 20% growth for next few years
  20 Aug 2022,retail.economictimes.indiatimes.com
  Sony India had witnessed a surge in demand for both personal audio products like earphones and headphones and home entertainment devices like soundbars in the last two years when people shifted to work-from-home mode and avoided cinema halls and other places for entertainment amid the pandemic…
• Zomato-owned Blinkit to deliver printouts in 11 minutes
  20 Aug 2022,retail.economictimes.indiatimes.com
  The 10-minute delivery platform, acquired by Zomato for Rs 4,447 crore (about $568 million), and the current facility is available in some areas now…
• Q&A | We saw 130% recovery in business at portfolio level compared to 2019: Dalip Sehgal, CEO, Nexus Malls
  20 Aug 2022,financialexpress.com
  Nexus Malls, the Indian retail portfolio arm of the Blackstone Group which owns and operates 17 malls across 13 cities, says it has seen a 130% recovery in business at a portfolio-level compared to 2019…
• MC Exclusive: Lulu Group eyeing retail opportunities in Noida & Gurugram, scouting for land in Prayagraj & Varanasi
  20 Aug 2022,moneycontrol.com
  In Gurugram, the company has taken up a space in a mall for a hypermarket. “This is under construction. This should be operational in about a year-and-a-half,” Shibu Philips, Director-Shopping Malls of Lulu Group India told Moneycontrol…
• Transforming retail investing in India: Stocktwits collaborates with industry veteran Shankar Sharma
  20 Aug 2022,businessinsider.in
  Stocktwits, the original social platform for investors and traders, recently collaborated with industry veteran Shankar Sharma. Coinciding with its market launch in India, this initiative is an endeavour by Stocktwits to democratize investing knowledge and help retail investors navigate a period of uncertainty…
• Indian retail trade is hostage of global MNCs and big companies: CAIT
  20 Aug 2022,avenuemail.in
  Stocktwits, the original social platform for investors and traders, recently collaborated with industry veteran Shankar Sharma. Coinciding with its market launch in India, this initiative is an endeavour by Stocktwits to democratize investing knowledge and help retail investors navigate a period of uncertainty…
• ‘India’s Retail Inflation Is Uncomfortably And Unacceptably High’, Says RBI Guv Shaktikanta Das | Latest News
  20 Aug 2022,timesnownews.com
  Inflation In India: As per the update inflation is at its peak in India and the GST prices have also been revised and raised in the past few weeks. Now, Reserve Bank Of India Governor Shaktikanta Das has said that “India’s retail inflation is unacceptably and uncomfortably high. Our monetary and liquidity actions have been designed to maintain ongoing macroeconomic and financial stability that could lay the groundwork for a strong growth trajectory over the medium term…
• REITs: A way to invest in real estate ‘without’ buying a property
  20 Aug 2022,timesofindia.indiatimes.com
  In India, real estate investment has traditionally meant purchasing physical property, most commonly residential property. Another option to enter this sector is through investing in commercial real estate such as office buildings, shopping malls, and retail outlets…
• DT Realty: Flex space start-up IndiQube forays into Madurai, Kochi
  20 Aug 2022,dtnext.in
  NEW DELHI: IndiQube, India’s leading tech-enabled flex space start-up has expanded into Madurai, Kochi & Jaipur, further strengthening its foothold in Tier II Markets…
• Tata Consumer eyes significant profits in 3 years from food business
  19 Aug 2022,retail.economictimes.indiatimes.com
  The company that sells Tata Salt and Tetley tea bags will now pivot beyond foods and beverages in the consumer goods space, chief executive Sunil D’Souza said. Since Tata Consumer historically has the DNA of a foods company, it will build the necessary skillsets within the organisation for this diversification, he added…
• Amazon testing TikTok-style feed on its app, AI firm says
  19 Aug 2022,retail.economictimes.indiatimes.com
  The e-commerce giant has been testing a feed on its app that enables shoppers to scroll through TikTok-like photos and videos of products posted by other users…
• Inflation peaked in India in April 2022, RBI says
  19 Aug 2022,retail.economictimes.indiatimes.com
  The Reserve Bank of India in its August bulletin noted that inflation in July 2022 eased by 30 basis points from June 2022 and 60 basis points from the average of 7.3% for Q1 FY23, thereby validating its hypothesis that the retail inflation peaked in April in India…
• Nykaa launches first athleisure and lingerie store in New Delhi
  19 Aug 2022,retail.economictimes.indiatimes.com
  The store will focus on immersive, engaging, and tech-led shopping experiences, Nykaa said…
• Flipkart’s venture arm to invest in six startups
  19 Aug 2022,retail.economictimes.indiatimes.com
  Flipkart’s investment is under its Flipkart Leap Ahead programme…
• Amazon’s Sameer Mandge joins GoKwik as Director of Products
  19 Aug 2022,retail.economictimes.indiatimes.com
  E-commerce enabler GoKwik has roped in Sameer Mandge as its director of products. Mandge joins GoKwik from Amazon India…
• A global storm of stagflation
  19 Aug 2022,thehindubusinessline.com
  Inflation will linger, and the slowdown will worsen as the global economy moves in a disinflation glide path…
• Wacoal Celebrates the Biggest Night of Fashion with iconic supermodels
  19 Aug 2022,retail.economictimes.indiatimes.com
  Wacoal dropped the curtains on its first-ever star-studded lingerie fashion show in India, held at Taj Lands End on the eve of August 5th, 2022. The evening witnessed iconic supermodels ooze their charisma on the runway all over again, proving that beauty is ageless…
• Warning labels on front side of food packs a must: Experts
  19 Aug 2022,retail.economictimes.indiatimes.com
  Processed food manufacturers must be asked to print warning labels on the fronts of packets in clear, simple, interpretive terms indicating the presence of high salt, sugar or fat, CAG executive director S Saroja told a meeting here of doctors, nutritionists, activists and the food industry. This will help consumers make informed choices, she said…
• Retail businesses in India report 18% growth in July ’22
  19 Aug 2022,apparelresources.com
  The Retailers Association of India (RAI), in the 30th edition of the Retail Business Survey,has indicated that in July 2022, retail businesses across India reported a growth of 18 per cent in sales as compared to pre-pandemic level during July 2019…
• AIPL leases 3 lakh sq ft at Gurgaon project
  19 Aug 2022,economictimes.indiatimes.com
  Realty firm AIPL has leased 3 lakh sq ft of retail space in a year at its Gurgaon project, a senior executive said…
• India’s first ever CGI fashion model– Rajeev by LOTA
  19 Aug 2022,apparelresources.com
  The metaverse is set to revolutionise the fashion industry by providing unique digital experiences. These new, immersive, virtual environments have the potential to provide a fresh approach to staying relevant to existing customers while attracting new ones….
• Wacoal Celebrates the Biggest Night of Fashion with iconic supermodels
  19 Aug 2022,retail.economictimes.indiatimes.com
  Wacoal dropped the curtains on its first-ever star-studded lingerie fashion show in India, held at Taj Lands End on the eve of August 5th, 2022. The evening witnessed iconic supermodels ooze their charisma on the runway all over again, proving that beauty is ageless…
• Uniqlo India to Open New High Street Stores
  19 Aug 2022,rli.uk.com
  After restricting so far only to prominent malls in India, Japan’s fashion giant Uniqlo is now planning to open a high-street outlet in New Delhi and a highway store in Punjab, according to three people familiar with the plans…
• Radhakishan Damani eyes fivefold growth in a market Mukesh Ambani wants to dominate
  18 Aug 2022,retail.economictimes.indiatimes.com
  Avenue Supermarts Ltd., which currently runs the fourth-largest number of convenience stores in India, could scale up the chain known for its knockdown prices on everything from lentils to laundry powder to 1,500 supermarkets from 284…
• Shiprocket turns unicorn with $32 million funding
  18 Aug 2022,retail.economictimes.indiatimes.com
  This takes its valuation to around $1.3 billion, making it the latest entrant to the unicorn club this year. Startups valued at $1 billion or more are termed unicorns…
• Swiggy appoints Rohit Kapoor as chief executive officer for its food marketplace business
  18 Aug 2022,retail.economictimes.indiatimes.com
  “Our food marketplace has continued to evolve over the last few years and has potential to grow further under focused leadership. Rohit’s work experiences bring a unique perspective to the role,” said Sriharsha Majety, CEO, Swiggy…
• Expansion across same stores, same cities and new towns, key levers of offline growth, says Honasa Consumer CBO Zairus Master
  18 Aug 2022,retail.economictimes.indiatimes.com
  Talking about the company’s omnichannel strategy, Master said that there is a two by two matrix consisting of four boxes, which represent online marketplaces, offline multi-brand outlets, retailer’s D2C website, and exclusive brand retail stores. He added that the company aims to be present across all the channels and grow aggressively as market demand grows…
• Reliance-backed Dunzo is shifting gears as quick commerce hype settles
  18 Aug 2022,retail.economictimes.indiatimes.com
  The quick delivery startup is pushing users to opt for 60-min deliveries and grouping orders to cut delivery costs…
• Retail businesses continue to report healthy growth over pre-pandemic levels: RAI
  18 Aug 2022,retail.economictimes.indiatimes.com
  As per the latest business survey by Retailers Association of India (RAI), the East India region saw the highest year-on-year growth of 25 per cent last month, followed by the south at 21 per cent, north at 16 per cent and west at 10 per cent…
• Gold jewellery demand likely to contract in second and third quarters of FY23: Report
  18 Aug 2022,retail.economictimes.indiatimes.com
  According to the report, the exceptional third quarter performance in FY22 was due to the post-Covid reopening of the economy and the substantially high demand in the wedding and festive seasons…
• Singapore GIC’s big push to Paper Boat maker Hector
  18 Aug 2022,livemint.com
  Singapore’s sovereign fund is looking to invest $70 million in Hector Beverages, the maker of Paper Boat beverages and packaged foods…
• Chai Point opens new store in Amritsar
  18 Aug 2022,retail.economictimes.indiatimes.com
  The new store launch is in line with the company’s retail expansion strategy of opening 100 stores in the next 12-18 months…
• Walmart’s ad revenue grew 30% in June led by Flipkart and Walmart Connect
  18 Aug 2022,retail.economictimes.indiatimes.com
  The revenue of Walmart International, which includes Flipkart, rose 5.7% YoY in the June quarter to $24.4 billion…
• Smartwatch shipments surge fourfold in Q2 of 2022
  18 Aug 2022,livemint.com
  Put together, the wearables market in India saw shipments more than double, growing at a rate of 112.8% YoY, to ship over 23.8 million units in the June quarter across the three segments of devices in the category…
• Daikin India to invest Rs 500 crore to set up R&D centre in Rajasthan
  18 Aug 2022,retail.economictimes.indiatimes.com
  “The R&D centre will look at building products that not just suit Indian consumers but will also focus on creating technologies which are sustainable and environment friendly for the global consumers,” Daikin India Chairman & Managing Director K J Jawa said. The new R&D centre will start operations from 2023 onwards, the company said…
• Top retailers saved Rs 1,500 cr in rent in Covid winter
  18 Aug 2022,economictimes.indiatimes.com
  Costly real estate in India makes it important for retailers to generate high price realisation per square foot of space to maintain profitability. Shutdowns and then restricted operations of malls and high streets during the pandemic had severely affected retailers, who then sought discounts on rent to lessen the impact of business loss…
• S&N by Shantnu Nikhil’s comeback to retail will mean multiple stores across the country
  18 Aug 2022,vogue.in
  “There’s a reason Indian designers couldn’t compete in a global market before. Creativity needs to be structured and channeled mathematically.” Shantanu Mehra, 49, half of designer duo Shantnu Nikhil clarifies. Much can be talked about their maverick design risks, but today he is in the mood to discuss numbers…
• HPCL plans to launch 20 retail stores pan-India in FY23
  18 Aug 2022,thehindubusinessline.com
  State-run Hindustan Petroleum Corporation (HPCL) on Wednesday said it has entered the Delhi retail market with the launch of ‘Happy Shop’. The oil marketing company (OMC) also plans to launch 20 such retail stores across India in FY23…
• UniPin Announces Retail Distribution Launch, Reaches More Gamers Across India
  18 Aug 2022,mid-day.com
  UniPin has been known to facilitate gamers with an easier top-up experience, and now, UniPin will be available in 100,000 retail stores across India to give Indian gamers an even safer and easier gaming top-up experience…
• India’s Vast Rural Areas Plug into Digital Economy
  18 Aug 2022,voanews.com
  NEW DELHI—In the past year, there has seen a dramatic transformation in the way customers pay for their purchases in Banuri, a village in the Himachal Pradesh state of North India. Whether at a small grocery store or a street cart, instead of handing over cash, they use a simple system that involves scanning a code on a smartphone to make an online payment…
• Ingka Group to invest 900 million euros in India to open city centres at Gurugram and Noida
  17 Aug 2022,retail.economictimes.indiatimes.com
  According to a top company official, Ingka Group (which also includes IKEA Retail and Ingka Investments) on Tuesday started construction work of its first ‘Ingka Centre’ with an investment of 400 milion euros. While the Gurugram centre is slated to open in late 2025, it has yet to finalise a timeline for the opening of the Noida site as it is in the process of getting approvals…
• Future Lifestyle Fashions Q4 net loss at Rs 1,879 crore, revenue down at Rs 607 crore
  17 Aug 2022,retail.economictimes.indiatimes.com
  The company said it incurred losses primarily due to “provision for diminution of investments, doubtful provision for receivables, the lower sales volumes, finance costs and depreciation”.The exceptional items for the quarter and year ended March 2022 include provision for diminution of investments aggregating to Rs 480.64 crore…
• Diageo invests Rs 45 cr in craft & innovation hub in Goa
  17 Aug 2022,retail.economictimes.indiatimes.com
  Spread across 4 acres, the hub when fully operational, will produce 20,000 cases a month and provide employment to 250 local people, said a statement from Diageo India, which controls United Spirits Ltd…
• Why should service charges be recovered from consumers as additional levy, HC asks
  17 Aug 2022,retail.economictimes.indiatimes.com
  The high court was hearing an appeal by the Centre against a single judge’s order staying its guidelines prohibiting hotels and restaurants from levying service charges automatically on food bills…
• Beauty & personal care continue to drive India’s ecommerce growth: report
  17 Aug 2022,retail.economictimes.indiatimes.com
  The beauty and personal care category was followed by footwear, eyewear, fashion and accessories as people started stepping out more often, said the report…
• H&M returns to Alibaba’s Tmall, 16 months after Xinjiang controversy
  17 Aug 2022,retail.economictimes.indiatimes.com
  The re-opening was first noticed by Chinese netizens and confirmed by a Reuters search of the platform on Tuesday…
• WPI inflation eases to 13.93 percent in July
  17 Aug 2022,retail.economictimes.indiatimes.com
  The number comes a few days after the Reserve Bank of India (RBI) published the CPI inflation which cooled off significantly to 6.71 percent owing to easing food and oil prices…
• 80% businesses plan to implement headless architecture in next 2 years: Salesforce report
  17 Aug 2022,retail.economictimes.indiatimes.com
  Speaking on how the adoption of headless architecture is supporting growth of the retail industry, Pargaonkar said that the post-pandemic era has changed the way e-commerce works. The new and evolving consumer habits have opened the door for retailers to innovate and provided them with an opportunity to adapt and capitalise on growth without replacing existing business models, he added…
• Ted Baker expected to be acquired by US Group Authentic Brands for £211 million
  17 Aug 2022,livemint.com
  Ted Baker Plc, which is best known for its floral designs, will be sold to Authentic Brands Group Inc, the owner of Juicy Couture, in a cash deal of about £211 million ($254 million) which could secure the future of the struggling UK fashion chain, according to news agency Bloomberg…
• Furniture decor startup Sunday Design raises $1.5 million from Havells India family office, others
  17 Aug 2022,retail.economictimes.indiatimes.com
  Furniture and home décor brand Sunday Design has raised $1.5 million in funding from a clutch of family offices, including those of Havells India (QRG Investment & Holdings), SRF Ltd (Kama Group) and coal logistics firm KCT Group, among others…
• Mobile Industry, govt meeting on Wednesday on uniform device chargers
  17 Aug 2022,retail.economictimes.indiatimes.com
  The government is exploring the option of having a single charging port – USB Type-C, across all mobile devices including laptops, smartphones, feature phones, and IoT (internet of Things) devices, according to industry executives…
• Bajaj Electricals elevates Anuj Poddar to the role of Managing Director, CEO
  17 Aug 2022,retail.economictimes.indiatimes.com
  Bajaj Electricals Chairman Shekhar Bajaj said over the last few years a significant transformation journey has been embarked at Bajaj Electricals – involving many changes on the business as well as the organisational front…
• Bullish on retail, Lulu Group plans to develop more shopping malls in India
  17 Aug 2022,business-standard.com
  Shibu Philips, Director-Shopping Malls of Lulu Group India, said the Indian retail market is still “under-utilised” with the share of organised retail being still low…
• Independence Day: Celebrate the heroes of Indian retail
  17 Aug 2022,timesofindia.indiatimes.com
  Kirana stores contribute over 90% of the $600bn+ grocery market in India, with the average Indian making nearly 142 trips to the neighbourhood store annually…
• Independence Day offers boost retail sales over the weekend
  17 Aug 2022,economictimes.indiatimes.com
  The extended festive weekend saw like-to-like sales cross 2019 levels, a dozen retailers, restaurants and brands said…
• Inflationary impact on FMCG price & margin to continue in Q2, to improve from second half

  16 Aug 2022,retail.economictimes.indiatimes.com
  In the April-June quarter, listed FMCG companies including – HUL, ITC, Godrej Consumer Product, Nestle, Dabur and Britannia delivered mixed results, reporting impact on their margins and mostly, a drop in volume in some categories…

• Indian toy manufacturers scale up amid rise in demand; eyes global markets
  16 Aug 2022,retail.economictimes.indiatimes.com
  Now the ‘made-in-India’ toys have a very clear edge in the domestic markets and the manufacturers are scaling up their production capacity to meet the growing local as well as international demand. The import of toys into India has declined sharply from USD 304 million in 2018-19 to USD 36 million in 2021-22, said a data from the Ministry of Commerce & Industry…
• Decathlon aims to locally produce 85% of its products by 2026
  16 Aug 2022,retail.economictimes.indiatimes.com
  Presently, 60 per cent of the retailer’s products sold in India stores are locally made. These include a varied range of products such as textiles, bikes, hockey sticks, tents, sleeping bags, boxing gloves, cricket bats and apparel…
• Bata eyes asset-light franchise expansion
  16 Aug 2022,retail.economictimes.indiatimes.com
  The shoe major now has 1,200 owned stores compared to 320 franchise outlets mainly spread across semi-urban areas. The shoe multinational’s strategy of franchise-led expansion coincides with its plan for rural penetration…
• ‘Metro Brands on way to open about 200 stores by fiscal 2024-25’
  16 Aug 2022,livemint.com
  Metro and Mochi are very penetrated in the metros, but new malls are coming up in these cities and we see good opportunity, says Alisha Malik, president for marketing, Metro…
• Coffee Day Enterprises Q1 net loss narrows to Rs 18 crore; revenue from operations at Rs 210.5 cr
  16 Aug 2022,retail.economictimes.indiatimes.com
  Coffee Day Enterprises Ltd has reported narrowing of its consolidated net loss to Rs 18 crore for the quarter ended June 30, 2022. The company had posted a net loss of Rs 117.28 crore in the April-June period a year ago, Coffee Day Enterprises Ltd (CDEL) said in a BSE filing on Friday night…
• Meesho targets onboarding 1.2 million sellers by fiscal end
  16 Aug 2022,financialexpress.com
  In FY21 – the latest available data – Meesho reported an operating revenue of Rs 793 crore, up over 150% from FY20’s Rs 307 crore, but at the same time its total expenses skyrocketed by 104% to Rs 1,337 crore, resulting in a loss of Rs 498 crore in the financial year…
• Hot trade: How Indian earns billions from its spices
  16 Aug 2022,financialexpress.com
  Data recently released by the government shows how India’s spice trade has boomed in the recent years, with the country exporting a whopping Rs 29,529 crore worth of spices in 2020-21…
• What Indian economy will achieve in the next five years
  16 Aug 2022,retail.economictimes.indiatimes.com
  Even as over 80% of respondents felt the country will have greater clout globally, they were less optimistic about the domestic situation, with the majority not seeing India’s social stability improving in the next five years…
• Moonlighting is the future of work; why not normalise it: Swiggy HR head
  16 Aug 2022,retail.economictimes.indiatimes.com
  The Bengaluru-based food delivery start-up has around 5,000 employees and a fleet workforce of over 300,000. According to the company, the policy is available to all full-time employees of Swiggy’s parent company Bundl Technologies, subsidiaries, affiliates, associates, and group companies…
• Noise plans to make 10 lakh smartwatches a month; to raise local production to 80 pc of sales
  16 Aug 2022,retail.economictimes.indiatimes.com
  Noise had recorded a revenue of around Rs 850 crore and plans to more than doubles its revenue to Rs 2,000 crore in the current financial year…
• Bullish on retail sector, Lulu Group plans to develop more shopping malls in India
  16 Aug 2022,retail.economictimes.indiatimes.com
  In the first phase of shopping mall business in India, Philips said the Lulu group invested about Rs 7,000 crore to develop five shopping malls, of which Bengaluru property is not owned by it. Last month, the group launched a large shopping mall, comprising 2.2 million square feet of built-up area and one million square feet of leasable area, in Lucknow, Uttar Pradesh…
• Looking at FY23 with cautious optimism, demand to recover as mobility picks up, says ABFRL Chairman Kumar Mangalam Birla
  16 Aug 2022,retail.economictimes.indiatimes.com
  For the long-term, India remains on a strong value creation path considering the underlying growth drivers like favourable demographics, increasing per capita and disposable income, and growing consumption…
• Mensa Brands bets on ethnic clusters for growth; expects $250 million revenue through ethnic wear in next 4-5 years
  16 Aug 2022,retail.economictimes.indiatimes.com
  To build a tech-driven ethnic cluster in India- led by women, the company has acquired brands such as Karagiri, Priyaasi, Ishin and Anubhutee that currently is about a $45 million digital cluster. The company expects its revenue to reach about $80 million this fiscal…
• E-commerce growth, challenges, and rural inclusion
  16 Aug 2022,financialexpress.com
  More than 4,000 active e-commerce start-ups in India are also pushing the advantages of digital commerce and driving growth at a rapid speed…
• Easing of inflation in July may not be a cause for celebration, says Nomura
  16 Aug 2022,retail.economictimes.indiatimes.com
  “Headline inflation moderates due to volatile components, but underlying inflation remains sticky at about 6%, calling for further policy tightening,” Nomura said…
• Grasim posts strong Q1 but textiles, caustic soda prices cloud outlook
  16 Aug 2022,livemint.com
  NEW DELHI : Grasim Industries Ltd, the Aditya Birla flagship company reported a better-than-expected performance for the June quarter, with its chlor-alkali and textiles businesses reporting the highest-ever quarterly earnings before interest, taxes, depreciation and amortization (Ebitda) figure…
• Bestseller India to scale ethnic wear portfolio
  16 Aug 2022,livemint.com
  NEW DELHI : The local arm of Danish fashion retailer Bestseller is set to grow its India portfolio following the acquisition of homegrown ethnic wear brand Indifusion in November 2021…
• Phoenix Mills on recovery track, expansion plans in focus
  16 Aug 2022,livemint.com
  The management of Phoenix Mills has said that it plans to venture into warehousing and residential segments. For that, it would incur a capital expenditure of ₹350 to ₹450 crore…
• Non-alcoholic beverage makers on a high as demand grows
  16 Aug 2022,financialexpress.com
  Non-alcoholic beers and cocktail mixers, which gained popularity during the days of Covid lockdown, have managed to carve out a niche space for themselves and are here to stay, show market trends…
• Elan Group buys 7.65 acre land in Gurugram from Ambience group for over Rs 200 crore
  13 Aug 2022,retail.economictimes.indiatimes.com
  The company will develop about one million square feet area on this land parcel — located at Sector 82 in Gurugram — comprising office, retail, service apartments and a hotel…
• Future Consumer Q1 net loss widens to Rs 95.14 cr, revenue down 65%
  13 Aug 2022,retail.economictimes.indiatimes.com
  The Group has debt servicing obligations aggregating to Rs 341.07 crore within the next 12 months, which comprises a Current Maturities of Long-Term debt amounting to Rs 128.21 crore and Rs 212.86 crore short-term borrowings…
• Dabur India chairman Amit Burman resigns
  13 Aug 2022,retail.economictimes.indiatimes.com
  FMCG major Dabur on Friday announced that the board has accepted the resignation of Amit Burman as the Chairman with effect from August 10, 2022. Burman will continue to serve as the non-executive director of the company…
• Zomato Hyperpure acquires Blinkit’s warehousing, ancillary services business
  13 Aug 2022,retail.economictimes.indiatimes.com
  Zomato acquired Blinkit’s ancillary service for about $8 million in cash…
• Johnson & Johnson to end global sales of talc-based baby powder
  13 Aug 2022,retail.economictimes.indiatimes.com
  The company faces about 38,000 lawsuits from consumers and their survivors claiming its talc products caused cancer due to contamination with asbestos, a known carcinogen…
• Retail inflation eases to 6.71% in July as against 7.01% in June
  13 Aug 2022,retail.economictimes.indiatimes.com
  India’s retail inflation based on consumer price index (CPI) eased to 6.71% in July, data released by the government showed on Friday…
• Meesho adds 8 new vernacular languages to tap 377 million potential user base
  13 Aug 2022,retail.economictimes.indiatimes.com
  Last year, Meesho introduced Hindi as a language option on the platform, which has seen a high adoption rate of 20% to date…
• Wake up and smell the coffee valuation: Why startups need to buckle up, hunker down
  13 Aug 2022,retail.economictimes.indiatimes.com
  Startup valuations before raising new capital from investors have fallen from the previous three months, and there is a rising trend of companies taking a down round, valuing them lower than in previous ones…
• Covid-19: Delhi markets to enforce mask mandate amid rapid surge in Covid-19 cases
  13 Aug 2022,livemint.com
  This development comes following the Delhi government reiterating that wearing masks in public places is mandatory and a fine of ₹500 will be imposed on violators…
• Grasim Q1 Results: Profit jumps 68% YoY to Rs 809 crore; revenue surges 93%
  13 Aug 2022,retail.economictimes.indiatimes.com
  Segment-wise, Grasim’s viscose (fibre and yarn) business generated a revenue of Rs 4,299.88 crore in Q1 as against Rs 2,102.76 crore in the corresponding quarter of the last financial year…
• Apparel retailers to see 21-23% revenue growth this fiscal despite inflation impacting demand
  13 Aug 2022,retail.economictimes.indiatimes.com
  Operating margin will improve 175-200 bps on-year to 7.75-8%, supported by increase in scale leading to better fixed-cost absorption, price hikes, and greater share of private labels…
• Bata India eyeing bigger footprint in global markets
  13 Aug 2022,thehindubusinessline.com
  Bata India is looking to put in place a strategy for ramping up exports both for the domestic unit as well as part of the company’s global supply chain leveraging upon the core competencies of India…
• 31 new malls coming soon in India: Set to spawn massive jobs, employment opportunities
  13 Aug 2022,zeebiz.com
  Retail markets witnessed a hold due to Covid-19 in the last two years. However, the sector is now bouncing back with strong numbers and great ROIs. The recent report by Anarock suggests that the retail industry is set to experience boom by the end of 2023 with the opening of approximately 31 malls, offering ample space for retail stores, inviting a massive footfall and generating jobs…
• Tim Hortons makes its India debut, to rival Starbucks and Costa Coffee in these malls
  13 Aug 2022,dnaindia.com
  Tim Hortons, a popular Canadian coffee joint, has officially entered the Indian market as it has its first two stores in India on the day of Raksha Bandhan…
• 75th Independence Day: Retailers look to end season sales on a high
  13 Aug 2022,business-standard.com
  As India celebrates 75 years of its independence, retailers are looking to cash in on the theme by rolling out a slew of offers – from hefty discounts to gift vouchers to cashbacks – to boost their sales…
• Aditya Birla Fashion to now own and operate Reebok stores in select markets
  13 Aug 2022,economictimes.indiatimes.com
  Last year, ABFRL signed a long-term licensing pact with Authentic Brands Group (ABG) – the owner of Reebok – for exclusive rights to distribute and sell the sports brand’s products through wholesale, e-commerce and Reebok-branded retail stores. The company said Reebok India’s operations will be transferred to it from October 1…
• Nykaa’s beauty private label CEO Reena Chhabra resigns
  12 Aug 2022,retail.economictimes.indiatimes.com
  Reena Chhabra joined Nykaa in 2016 and was instrumental in taking its private label to more households by introducing new product lines and increasing distribution…
• Bata India profit rises 72% to Rs 119.37 crore; net sales up at Rs 943 crore in April-June
  12 Aug 2022,retail.economictimes.indiatimes.com
  “A direct outcome of the continued focus on key thrust areas of franchise & MBO expansion, consumer relevant communication, portfolio casualisation and digital footprint expansion was reflected in the quarterly sales reaching a lifetime high,” Bata India said its earnings statement…
• Trent back in black with Q1 profit at Rs 115 crore; revenue jumps over three-fold to Rs 1,803 crore
  12 Aug 2022,retail.economictimes.indiatimes.com
  Its revenue from operations during the quarter under review stood at Rs 1,803.15 crore, up over three-fold from the pandemic-hit corresponding quarter a year ago…
• Page Industries Q1 net profit rises multi-fold to Rs 207 cr; revenue at Rs 1,341 cr
  12 Aug 2022,retail.economictimes.indiatimes.com
  PIL’s Managing Director V S Ganesh said, “Riding on the back of strong sales performance and robust financial planning, despite external challenges, we have successfully delivered yet another milestone performance this quarter…
• Spencer’s Retail Q1 net loss widens to Rs 33.63 crore
  12 Aug 2022,retail.economictimes.indiatimes.com
  Its revenue from operations increased 12.5 per cent to Rs 621 crore during the quarter under review against Rs 552 crore in the year-ago period…
• Own labels turn hot sellers for apparel, grocery retailers
  12 Aug 2022,retail.economictimes.indiatimes.com
  Most retailers, especially in the food and grocery segment, introduce their own cut-price versions or private labels of mass-produced products to earn higher margins but also offer consumers lower priced options…
• India’s June WPI inflation comes in at 15.18%
  12 Aug 2022,retail.economictimes.indiatimes.com
  The high rate of inflation in June, 2022 is primarily due to rise in prices of mineral oils, food articles, crude petroleum & natural gas, basic metals, chemicals & chemical products, food products etc…
• Tata Consumer Products to foray into southern markets with their spices portfolio
  12 Aug 2022,thehindubusinessline.com
  Tata Consumer Products Ltd (TCPL), which is betting big on the huge growth opportunity in the spices industry, is looking to foray into the southern markets with its customised offerings to suit the taste of the local palate…
• TagZ Foods to enter hemp based cookies, expand product portfolio and manufacturing
  12 Aug 2022,retail.economictimes.indiatimes.com
  “Hemp-based foods are on the rise globally for their health benefits, and are considered a super food too. It is heartening to see new age companies creating products that are not only better-for-you but also equally tasty…
• IMFL maker Radico Khaitan’s net falls marginally in Q1
  12 Aug 2022,retail.economictimes.indiatimes.com
  The Indian Made Foreign Liquor (IMFL) maker has reported an operational income of Rs 3,188 crore and a net profit of Rs 58.28 crore for the period ended June 30…
• Rising mortgage rates pose near-term challenges to housing demand momentum: DLF Chairman Rajiv Singh
  12 Aug 2022,financialexpress.com
  In his address to the company’s shareholders at the 57th AGM held on Wednesday, Singh said: “The residential segment exhibited a strong structural recovery over the last two years, well supported by tailwinds of the fundamental demand drivers”…
• Levi’s Opens Next-Gen Store at South City Mall
  12 Aug 2022,indianretailer.com
  Designed to offer consumers an authentic, compelling and immersive expression of Levi’s brand, Next-Gen stores bring the best of the brand to consumers with a lighter, modern, and more open take…
• Retail leasing may surpass the pre-pandemic levels soon: Aman Trehan
  12 Aug 2022,financialexpress.com
  In an exclusive interview, Aman Trehan of Trehan Iris talks about the performance of retail segment in the post-Covid world and shares his business outlook…
• Decathlon looks to further widen domestic sourcing of components
  12 Aug 2022,livemint.com
  French sports goods retailer Decathlon S.A. has decided to source 85% of its products sold across 103 stores in India from domestic suppliers by 2026, up from 60%, Deepak D’Souza, production director, Decathlon Sports India, sai…
• Go Fashion pushes for expansion, plans to open 120-130 stores every year
  12 Aug 2022,deccanherald.com
  PTI, Chennai, AUG 11 2022, 13:56 ISTUPDATED: AUG 11 2022, 14:15 IST Representative image. Credit: iStock Photo Go Fashion (India) Ltd, which owns women’s wear brand Go Colors, was pushing ahead with its plan to strengthen foot print across geograph…
• How Technology is Amplifying Footwear Biz Beyond Tier II
  12 Aug 2022,indianretailer.com
  The Indian retail sector is substantially growing in the footwear segment as technology-driven outreach programs are helping brands increase their presence in smaller towns and areas that had remained unexplored until some time ago…
• Prestige Estates’ profit jumps to Rs 205 crore in Q1 FY23
  11 Aug 2022,realty.economictimes.indiatimes.com
  The company’s total income rose 42 per cent to Rs 2,011.8 crore in the April-June quarter from Rs 1,418 crore in the corresponding period of the previous year, according to a regulatory filing…
• Omaxe posts nearly Rs 50 crore net loss in Apr-June 2022
  11 Aug 2022,retail.economictimes.indiatimes.com
  In an analyst call, Goyal said Zomato was already positive on cash flow with its adjusted EBITDA losses at Rs 150 crore and other income was Rs 170 crore in the first quarter of the ongoing fiscal.”So, in some ways, we are not losing cash in that business anymore…we got to adjusted EBITDA breakeven in the food delivery business,” he added…
• Zomato targets breakeven by Q2 FY24, lowers investment guidance to $320 million
  11 Aug 2022,retail.economictimes.indiatimes.com
  In an analyst call, Goyal said Zomato was already positive on cash flow with its adjusted EBITDA losses at Rs 150 crore and other income was Rs 170 crore in the first quarter of the ongoing fiscal.”So, in some ways, we are not losing cash in that business anymore…we got to adjusted EBITDA breakeven in the food delivery business,” he added…
• Tata Consumer Q1 profit rises 38% YoY to Rs 255 crore; revenue up 11%
  11 Aug 2022,retail.economictimes.indiatimes.com
  “We delivered double-digit revenue growth and improved profitability for the company despite a challenging macro environment and inflation impact in some of our categories,” said Sunil D’Souza, Managing Director & CEO of Tata Consumer Products…
• Go Fashion posts a net profit of Rs 24.43 crore in Q1 FY 2022-23
  11 Aug 2022,retail.economictimes.indiatimes.com
  Total revenue from operations stood at Rs 165.19 crore for Q1 FY23 as compared to Rs 30.99 crore in the same quarter last year, as per the regulatory filing…
• Liberty Shoes posts a net profit of Rs 5.47 crore in Q1 FY 2022-23
  11 Aug 2022,retail.economictimes.indiatimes.com
  Total revenue from operations stood at Rs 165.19 crore for Q1 FY23 as compared to Rs 30.99 crore in the same quarter last year, as per the regulatory filing…
• Ecom Express launches one of the largest outsourced grocery fulfilment centers in Karnataka
  11 Aug 2022,retail.economictimes.indiatimes.com
  Ecom Express Limited, technology-driven end-to-end logistics solutions provider to the e-commerce industry has setup its largest fulfilment center in Karnataka, which is also one of the largest outsourced single-brand e-grocery fulfilment centers in India…
• Khadim India Ltd records 190% growth in Retail Sales in Q1 FY23
  11 Aug 2022,business-standard.com
  Khadim India Ltd., the second largest retail footwear brand, today announced a positive quarterly performance for the quarter ended 30th June 2022…
• Apparel retailers’ revenues to soar past pre-pandemic levels this fiscal: Crisil
  11 Aug 2022,livemint.com
  Strong same-store sales, new store launches and higher contribution from online channels will sew 21-23% revenue growth for apparel retailers this fiscal, Crisil said…
• Cargill fiscal 2022 revenue jumps 23% to record $165 billion
  11 Aug 2022,retail.economictimes.indiatimes.com
  The strong result was the latest for a global agricultural commodities trader after rivals Archer-Daniels-Midland Co and Bunge Ltd reported solid earnings last month amid high farm products prices and robust global demand. Both rival companies also projected strong earnings through the remainder of 2022…
• Walmart Foundation and ICRISAT announces the launch Secondary Processing Unit in Andhra Pradesh
  11 Aug 2022,retail.economictimes.indiatimes.com
  Rajneesh Kumar, Chief Corporate Affairs Officer at Flipkart, said, “Beyond Walmart Foundation’s philanthropic programs in India, Flipkart’s association with FPOs will deepen our commitment to creating shared value across our supply chain and communities…
• Trehan Iris to launch malls in Bengaluru, Gurugram, other cities
  11 Aug 2022,moneycontrol.com
  NCR-based developer Trehan Iris is looking to build a chain of malls by the name of Iris Broadway across India. The company already has one mall -Iris Broadway – up and running in Gurugram Sector 85 and the second one is coming up in Greater Noida West (Noida Extension)…
• Microsoft joins ONDC network to launch a shopping app in India
  11 Aug 2022,inventiva.co.in
  Microsoft has joined the Open Network for Digital Commerce (ONDC), an Indian government project to create a first-of-its-kind open network for digital commerce…
• India’s retail price pressures likely eased in July
  11 Aug 2022,thestar.com.my
  NEW DELHI: India’s retail inflation likely eased in July due to a fall in food and fuel prices yet stayed well above the Reserve Bank of India’s (RBI) upper tolerance limit for a seventh consecutive month, according to a Reuters poll…
• Canada’s coffee brand Tim Hortons to enter India
  11 Aug 2022,thehindubusinessline.com
  Canada’s coffee and baked goods brand Tim Hortons is set to open its first two stores in India on Thursday. Speaking to BusinessLine, Navin…
• How Bullspree Is Educating The Next Generation Of Indian Retail Investors
  11 Aug 2022,inc42.com
  According to India’s Economic Survey for 2021-22, retail investors held a 44.7% share of the equity cash segment turnover on the National Stock Exchange (NSE) between April and October 2021…
• Top companies to unleash an advertising blitz this festival season
  11 Aug 2022,economictimes.indiatimes.com
  Top companies in the automobiles, consumer electronics, FMCG and retail sectors could increase marketing and advertising spend during the upcoming festive season by 10-20% from the previous year to tap the anticipated recovery in demand, according to executives…
• Forever New goes for strong omnichannel presence in India
  11 Aug 2022,apparelresources.com
  This emerging phenomenon of digitisation, wherein the customer wants to shop at the click of a button, requires real-time check of available inventory. By bolstering its omnichannel, Forever New has been able to achieve the same which has made the process of order fulfillment easier all across the country…
• Reliance Retail, TRENDS, Announced The Launch Of Its New Store In Chandbali Town In Bhadrak District Of Odisha
  11 Aug 2022,orissadiary.com
  Bhubaneswar: India’s largest and fastest growing apparel and accessories specialty chain of Reliance Retail, TRENDS, announced the launch of its new Store in Chandbali town in Bhadrak district of Odisha…
• Amazon India announces diversity grant for entrepreneurs in logistics biz
  10 Aug 2022,retail.economictimes.indiatimes.com
  Under the DSP programme, Amazon assists entrepreneurs in starting delivery business by providing them with access to Amazon’s delivery technology, hands-on training and exclusively negotiated deals on services such as payroll management, insurance and recruitment technology, among others…
• Delhivery’s net loss more than doubles to Rs 399 crore in Q1 over rising freight costs
  10 Aug 2022,retail.economictimes.indiatimes.com
  Revenue from operations rose 30% to Rs 1,745 crore from the same quarter last year, but was down 16% from Rs 2,071 crore in the previous quarter…
• Taco Bell set to invest $100 million in pan-India expansion with 600 outlets
  10 Aug 2022,livemint.com
  Taco Bell’s master franchise partner, Burman Hospitality, will invest over $100 million to fast-track its pan-India expansion plans. The quick-service restaurant (QSR) chain, with a presence across 19 cities, is set to open its 100th outlet later this month and plans to increase the number to 600 in the medium term…
• Dufry’s turnover more than doubles as sales inch towards 2019 levels
  10 Aug 2022,retail.economictimes.indiatimes.com
  The company, which operates more than 2,300 shops at airports, on cruise liners, in seaports, and other tourist locations worldwide, has been benefiting from a strong rebound in travel trends, particularly in Europe and the United States, after restrictions imposed to tackle the pandemic were lifted…
• Nomura cuts India’s 2022 retail inflation forecast to 6.7%
  10 Aug 2022,retail.economictimes.indiatimes.com
  Nomura analysts, however, expect inflation to average 6.0% in 2023 as compared to 5.9% in their previous forecast…
• Gucci becomes first major brand to accept crypto coin as payment
  10 Aug 2022,retail.economictimes.indiatimes.com
  High-end Italian fashion giant Gucci has become the first major brand to start accepting payments in the form of the Bored Ape Yacht Club-affiliated ApeCoin (APE)…
• Vishal Fabrics Q1 net profit rises to Rs 19 crore
  10 Aug 2022,retail.economictimes.indiatimes.com
  Its revenue from operations was up 49.90 per cent at Rs 442.10 crore during the quarter in comparison to a lower base of the pandemic-impacted corresponding quarter…
• Bigspoon raises Rs 100 cr from IAN, NB Ventures, others

  10 Aug 2022,retail.economictimes.indiatimes.com
  With 80 kitchens spread throughout 16 states and over 35 cities, Bigspoon caters to over 1,50,000 diners every month…

• How digitization of payments can help the unorganized retail flourish
  10 Aug 2022,timesofindia.indiatimes.com
  The retail scenario in India is highly dominated by the family-run “nukkad kiranas” that have a monopoly in their areas of operation. Almost 90% of the retail sector in the country is unorganized…
• Triumph International India launches 1st exclusive retail store in Pune
  10 Aug 2022,business-standard.com
  Triumph International India, one of the world’s leading intimate apparel brands, inaugurated its first exclusive standalone retail store in Pune at Phoenix Marketcity, Viman Nagar…
• Pure Home + Living Expands Retail Presence, Opens 25th Store in Bengaluru
  10 Aug 2022,indianretailer.com
  The flagship store will also be the third store in India that will have a well-displayed furniture line by Pure Home + Living…
• Why Delivering Experiences with Retail Real Estate is the Future of Shopping Centers
  10 Aug 2022,indianretailer.com
  Starting the year on a positive note, according to real estate investment firm CBRE, leasing across India’s high streets and malls is expected to surpass pre-Covid levels this year, with the country seeing a 25 percent increase in new store openings in 2022 compared to the previous year…
• Luxury retail companies on a hiring spree to help drive expansion: Report
  10 Aug 2022,economictimes.indiatimes.com
  Luxury retail companies are looking for talent across levels to drive country expansion, omnichannel strategy and marketing, according to placement and search firms Korn Ferry and Stanton Chase…
• Reliance invests Rs 30,000 crore in retail in FY22; to accelerate store expansion, e-commerce
  9 Aug 2022,retail.economictimes.indiatimes.com
  Reliance Industries invested Rs 30,000 crore in its retail business and added 2,500 stores, taking the total storecount to 15,196 in FY22…
• Despite inflationary pressure, diamond jewellery retailers expect healthy demand this festive season
  9 Aug 2022,retail.economictimes.indiatimes.com
  “We expect a healthy growth in the upcoming festive season, as there is pent-up demand in the market,” said Ahammed MP, chairman, Malabar Gold & Diamonds…
• Healthy food options, better-for-you snacks seeing strong traction as festive gifts, say retailers
  9 Aug 2022,retail.economictimes.indiatimes.com
  Prashant Parameswaran, MD & CEO, Tata Consumer Soulfull said that the last two festive seasons were marred by COVID waves and lockdowns. However, this time the retailer expects to see a strong rebound in consumer sentiment with the full opening of markets, he added…
• Delhivery Q1 results: Net loss widens to Rs 399 cr; total income rises 32%
  9 Aug 2022,business-standard.com
  Logistics firm Delhivery on Monday reported widening of its net loss to Rs 399 crore for the quarter ending June 30, 2022. It reported net loss of Rs 130 crore in the year-ago period…
• White collar hiring stabilises with almost all sectors showing an uptick in hiring: Monster Employment Index
  9 Aug 2022,retail.economictimes.indiatimes.com
  White collar hiring across almost all sectors are showing signs of stability with even sectors like telecom and retail registering a double digit uptick in hiring. Industries such as BFSI, chemicals/ plastic/rubber, paints, fertilizer/pesticides, and office equipment/automation are also hiring, with the telecom sector in particular on an upswing on account of growing digitisation and the much anticipated rollout of 5G services…
• Titan expects growth run of Q1 to continue for rest of the year: MD
  9 Aug 2022,retail.economictimes.indiatimes.com
  “We are equally confident about the rest of the year and in fact the next few years going forward because of fundamental aspects of the Indian economy and the relentless surge that we will see towards becoming a more affluent nation. Also, the pooja season is coming into Q2 this year as opposed to being in October last year. So we expect the growth run of Q1 to continue”…
• Homegrown apparel brand Snitch bets on growing men’s fast-fashion industry, eyes a revenue of Rs 90 crore in FY23
  9 Aug 2022,retail.economictimes.indiatimes.com
  Founded in 2019, Snitch started as a B2B portal manufacturing daily menswear for retailers. The brand recorded a revenue of Rs 17 crore in its first year of operations, shared Dungarwal. However, as COVID hit, the company restructured its business model and relaunched as a D2C brand with only 30 to 35 products on its website…
• ReshaMandi expects over 5-fold growth in revenue to Rs 2,000 cr this fiscal
  9 Aug 2022,retail.economictimes.indiatimes.com
  In India, ReshMandi claims to have onboarded over 41,000 farmers, 5,500 reelers, over 7,000 weavers and 3,300 retailers and mutually connects them for business through its app…
• Reckitt contributes Rs 7,880 cr to India’s GDP in 2021: Oxford Economics
  9 Aug 2022,business-standard.com
  India is among the top three markets for Reckitt, earlier known as Reckitt Benckiser, and owns popular household brands such as Dettol, Lysol, Harpic, Durex, Veet and Strepsils…
• Singapore FMCG major Believe invests $8 million in ecommerce startup Ohsogo
  9 Aug 2022,retail.economictimes.indiatimes.com
  The ecommerce platform aims to disrupt the online beauty and skincare space in Bangladesh…
• Dine-in is back; not seeing effects of inflation: Gaurav Burman, Director of Burman Hospitality
  9 Aug 2022,retail.economictimes.indiatimes.com
  “We are somewhat protected in India; we still have a very rapidly growing economy here unlike some other parts of the world,” Burman, scion of the Dabur group, said. “If I look at consumption in general, including Dabur, we are seeing our India businesses hold up very strongly, much more strongly compared to some of the international markets we have operated in”…
• Whirlpool of India Q1 Results: Profit rises over 3-fold to Rs 84.6 crore; revenue jumps 55%
  9 Aug 2022,retail.economictimes.indiatimes.com
  Top-line growth this quarter was “on the back of significant price increases taken earlier”, it said in an earnings statement.The company’s Managing Director Vishal Bhola said, “It was a strong start to the year with robust revenue growth of 55 per cent and PAT growth of 230 per cent although on a low Covid-impacted quarter…
• Tyson Foods beats revenue estimates as chicken prices soar
  9 Aug 2022,retail.economictimes.indiatimes.com
  Packaged food makers have so far faced little pushback from consumers on price increases forced by surging costs, but analysts and companies have raised concerns that demand may suffer…
• Demand for grocery delivery cools as food costs rise
  9 Aug 2022,retail.economictimes.indiatimes.com
  Grocery delivery saw tremendous growth during the first year of the pandemic. In August 2019 – a typical pre-pandemic month – Americans spent $500 million on grocery delivery. By June 2020, it had ballooned to a $3.4 billion business, according to Brick Meets Click, a market research company…
• Taco Bell set to invest $100 million in pan-India expansion with 600 outlets
  9 Aug 2022,livemint.com
  Taco Bell’s master franchise partner, Burman Hospitality, will invest over $100 million to fast-track its pan-India expansion plans. The quick-service restaurant (QSR) chain, with a presence across 19 cities, is set to open its 100th outlet later this month and plans to increase the number to 600 in the medium term…
• Blue Dart expands retail footprint in tier I and II markets
  9 Aug 2022,livemint.com
  The new stores will widen Blue Dart’s presence in Tier I & II markets of Odisha, Assam, Haryana, Tamil Nadu, Telangana, Karnataka, Maharashtra, Gujarat and Madhya Pradesh…
• CHOSEN Store celebrates 2 years exclusive retail agreement with Horphag Research for Pycnogenol in India
  9 Aug 2022,aninews.in
  Chennai (Tamil Nadu) [India], August 8 (ANI/NewsVoir): Chennai-based CHOSEN, one of India’s leading cosmetics retail stores, completed 2 fruitful years of collaboration with Switzerland-based Horphag Research to retail and formulate Pycnogenol based products in India…
• Festive season: Burst of discretionary spending likely till December; recovery seen for electronics, gifting too
  8 Aug 2022,retail.economictimes.indiatimes.com
  “We have forecast double-digit growth this festive season over the festive months of 2019,” said Vishal Chaturvedi, vice-president (South Asia), The Body Shop. “This includes gifting across various upcoming festivals, Diwali and the wedding season. People are also coming back to physical stores after the last two years of stress, which were bad for us as well.”…
• Reliance Retail made investments to the tune of Rs 30,000 crore in FY22
  8 Aug 2022,business-standard.com
  The country’s largest retailer made the investment in its retail business in organic growth, acquisitions and strategic partnerships…
• Inflation hasn’t impacted imported spirits segment, investing in brand building, says Brown-Forman
  8 Aug 2022,retail.economictimes.indiatimes.com
  India is a “strategic emerging market” for Brown-Forman, where it is strengthening its presence in tier II cities and actively investing in brand building and marketing initiatives through increased retail presence…
• Aditya Birla Fashion posts net profit of Rs 94.44 cr in Q1 FY23
  8 Aug 2022,retail.economictimes.indiatimes.com
  The company’s total revenue from operations has increased more than threefold to Rs 2,874.76 crore in Q1 FY23 as compared to Rs 811.95 crore in the same quarter last year. And it grew by 39 per cent over pre-COVID levels from Rs 2,065 crore in Q1 FY20…
• Marico Q1 net profit rises 3% to Rs 377 cr; sales up 1.3% to Rs 2,558 cr
  8 Aug 2022,retail.economictimes.indiatimes.com
  Its revenue from operations rose marginally by 1.3 per cent to Rs 2,558 crore, as against Rs 2,525 crore in the corresponding quarter of the previous year…
• Amazon expands connected device basket with $1.7 billion deal for Roomba-maker
  8 Aug 2022,retail.economictimes.indiatimes.com
  Its shares rose about 19% in early trading. At its peak during the pandemic lockdowns, iRobot traded at $197.4 as hygiene-conscious consumers invested in premium robot vacuum cleaners…
• Philips sees rise of self-care and DIY trends in grooming
  8 Aug 2022,livemint.com
  As a brand, we believe in the philosophy of understanding the consumer’s unmet needs, and then creating solutions, says Vidyut Kaul, Head of personal health at Philips Indian subcontinent division…
• Fall in consumer, education demand hampers tablet growth
  8 Aug 2022,retail.economictimes.indiatimes.com
  Inflation and fears of a recession are at the forefront of consumers’ minds, and spending on tablets has taken a backseat as the need for pandemic-era levels of use has fallen, according to a Canal’s report…
• Shoppers from tier-I and tier-II cities drive India’s e-commerce growth
  8 Aug 2022,business-standard.com
  India’s Retail and E-commerce Trends, a report prepared by e-commerce tech firm Unicommerce along with Wazir Advisors, assesses the growth of India’s retail ande-commerce industry in FY22 and how consumer buying patterns have changed in the last two years…
• India’s Nykaa expects festival season to boost demand
  8 Aug 2022,insideretail.asia
  Indian cosmetics-to-fashion retailer Nykaa said on Friday it expects stronger demand for its products in the current quarter after a ‘subdued season’ where inflationary pressures dented consumer spending…
• 52 D2C Brands That Are Disrupting India’s Consumer Market
  8 Aug 2022,inc42.com
  India’s direct-to-consumer (D2C) market, which is likely to reach a size of $100 Bn by 2025, has grown exponentially in the last few years. Several factors including the Covid pandemic, higher internet penetration, growth of digital infrastructure and rise in the number of millennials, among others, have shored up the D2C brands…
• Titan net profit jumps 13 times YoY to Rs 793 crore in Q1 FY23
  6 Aug 2022,retail.economictimes.indiatimes.com
  ​​The Tata Group firm said its quarterly revenues were the second-best, buoyed by a strong festive demand in a near normal Ql that came after a gap of two Covid disrupted periods…
• Paytm Q1 net loss widens to Rs 644 crore, revenue up 88.5% YoY
  6 Aug 2022,retail.economictimes.indiatimes.com
  The digital payments platform’s revenue, however, shot up 88.5 per cent in Q1 to Rs 1,679.6 crore on a YoY basis…
• Aditya Birla Fashion posts profit of ₹94.44 cr
  6 Aug 2022,livemint.com
  The retailer of clothing brands such as Louis Philippe, Van Heusen and Allen Solly posted consolidated revenue from operations of ₹2,874.76 crore in the three months ended June, a more than threefold rise from ₹811.95 crore a year earlier…
• Raymond Q1 net profit at Rs 82 crore
  6 Aug 2022,retail.economictimes.indiatimes.com
  “Q1FY23 has been yet another strong quarter with highest Q1 revenue and profitability in last 10 years,” said an earning statement from Raymond. During the quarter, it capitalised on market buoyancy and strong wedding demand, supported by expansive distribution helped propel sales…
• Nykaa Q1 Results: Profit rises 33% YoY to Rs 4.5 crore; revenue jumps 41%
  6 Aug 2022,retail.economictimes.indiatimes.com
  The company’s Q1 revenue was up 41 per cent YoY to Rs 1,148.4 crore vs Rs 817 crore in the June quarter of the last fiscal year…
• Speciality Restaurants reports Q1FY23 total income of Rs 99 crore and PAT of Rs 14.71 crore
  6 Aug 2022,retail.economictimes.indiatimes.com
  “Some tactical measures of cost controls and streamlining business processes have led to the rationalization of the costs, which has resulted in savings resulting in improved profitability. We continue to focus on the cloud kitchen vertical with our established brands for the delivery business with low capital requirements and better return on investments…
• Akzo Nobel India net profit marginally rises to Rs 76.9 cr in Q1 FY 2022-23
  6 Aug 2022,retail.economictimes.indiatimes.com
  The company’s total revenue from operations grew 50 percent year-on-year in Q1 FY23 at Rs 937.7 crore as compared to Rs 626.4 crore in the same quarter last year…
• Coopetition between online and brick-and-mortar retailers
  6 Aug 2022,retail.economictimes.indiatimes.com
  In challenging times such as a crisis, e-tailers need to think in terms of cooperation with their brick-and-mortar retail competitors. Coopetition, a term coined by Raymond J. Noorda, the founder of Novell Corp. “is a business strategy that uses insights gained from game theory to understand when it is better for competitors to work together”. Intra-industry competitors are likely to have complementary skills which can be leveraged upon. Sometimes competitors join hands when common customers demand so…
• Nalli sari brand launched on Myntra
  6 Aug 2022,retail.economictimes.indiatimes.com
  This partnership marks Nalli’s entry into the e-commerce segment (outside of its own website) and will offer more than 1,000 styles to sari lovers in the country…
• Blue Dart re-appoints Balfour Manuel as MD
  6 Aug 2022,livemint.com
  Blue Dart also strengthened its Board, with the induction of Prakash Apte and Padmini Khare Kaicker as independent directors of the company for a term of five years, effective from 28 July…
• Consumer confidence continues to improve in July, marginal rise in future expectations: RBI report
  6 Aug 2022,retail.economictimes.indiatimes.com
  The current situation index (CSI) rose by 1.4 points from 75.9 in May to 77.3 in July. This was mainly on account of improved perception on employment, household income and spending, the survey said…
• Lulu Group Int’l plans to expand in India over the next few years
  6 Aug 2022,retail.economictimes.indiatimes.com
  With an annual turnover worth $ 8 billion and a workforce of over 50,000 globally, the Lulu group has announced investments of over Rs 19, 000 crore in India, for malls, hypermarkets, food processing centres, and all related businesses. In India, Lulu currently operates five shopping malls—in Kochi, Trivandrum, Thrissur, and Bangalore—and the largest one has been launched in Lucknow recently…
• Decoded: Why German retail giant Metro wants to exit India
  6 Aug 2022,economictimes.indiatimes.com
  The irony, however, is that although kiranas have shed their earlier suspicions, most of their ‘vocal local’ supporters haven’t. This is particularly unfortunate for German retail giant Metro Cash and Carry’s operations in India, which has benefited many kiranas across the country. When the Dusseldorf-based company entered India in 2003, a series of protests were held by activist outfits and a few local farmers’ unions, claiming that the livelihood of small traders would be threatened…
• Triumph International Opens First Exclusive Retail Store in Pune
  6 Aug 2022,indianretailer.com
  The new store hosts both their brands -Triumph and iconic bodywear brand sloggi, introduced by Triumph International India recently…
• DLF mulls auction bid for Ambience Mall with base price of $366 million: Sources
  5 Aug 2022,realty.economictimes.indiatimes.com
  The 1.2 million square feet “Ambience Mall” in the posh southern district of India’s capital has been put up for auction as its current owner, the Ambience Group, has not paid debt of $149 million to Indiabulls Housing Finance and other creditors, according to a previously unreported public auction notice…
• Reliance to debut JioMarket for marketplace biz, starts roping in sellers
  5 Aug 2022,retail.economictimes.indiatimes.com
  The internal work is done and the focus is on starting with a good volume of quality sellers so they are going aggressive on roping in independent sellers so it can be launched soon, one of the people mentioned above said…
• Reliance Brands Limited signs franchise agreement with global luxury brand Balenciaga

  5 Aug 2022,retail.economictimes.indiatimes.com
  Founded by Spanish-born Cristóbal Balenciaga in 1917 and established in Paris in 1937, the original house of Balenciaga defined modern couture with its many innovations to form and technique. Since his appointment as artistic director in 2015, Demna continues to uphold the vision of Balenciaga through boundary pushing collections, which have expanded to include women’s and men’s ready-to-wear, accessories, and objets d’art…

• Q1 has been good as far as Bajaj Consumer Care top line is concerned and we want to replicate that: MD
  5 Aug 2022,retail.economictimes.indiatimes.com
  “Last year, we launched pure coconut oil as well as Coco Onion and with that at least in the hair oils market, we have a larger presence now. So that would be our strategy going forward. This quarter has been a good quarter as far as the top line is concerned and we want to replicate that.”…
• E-commerce enabler GoKwik partners Truecaller to reduce returns for online and D2C brands
  5 Aug 2022,retail.economictimes.indiatimes.com
  GoKwik, a network platform committed to providing full stack solutions to D2C brands, marketplaces, and omnichannel e-commerce players, said it has on boarded Truecaller to improve conversions and reduce RTOs (return to origin) by leveraging the brand’s expertise in identifying and verifying users…
• EBay beats revenue estimates, bucks slowdown in consumer spending
  5 Aug 2022,retail.economictimes.indiatimes.com
  The e-commerce firm’s results contrast that of brick-and-mortar retailers Walmart Inc and Target Corp , which had warned of slowing discretionary spending as inflation-hit Americans save their dollars for gas, food and other essentials…
• Inflation-growth tightrope
  5 Aug 2022,livemint.com
  The Reserve Bank of India began raising interest rates in May, and may be set to do so again later today. If it does, it will be in line with what several central banks are doing globally to combat a long spell of high inflation…
• Kalyan Jewellers Q1 consolidated PAT at Rs 108 crore
  5 Aug 2022,retail.economictimes.indiatimes.com
  Revenue from operations jumped 103.61 per cent during the quarter under review to Rs 3,332.63 crore compared to Rs 1,636.77 crore in the year-ago period…
• Britannia Industries net profit falls 13.24% to Rs 335.74 crore; revenue rises 9%
  5 Aug 2022,retail.economictimes.indiatimes.com
  Britannia Industries’ total expenses were at Rs 3,293.15 crore in the first quarter of FY23, up 12.28 per cent from Rs 2,932.96 crore in the year-ago period…
• Dabur Q1 profit marginally rises to Rs 441 crore
  5 Aug 2022,retail.economictimes.indiatimes.com
  Its revenue from operations was up 8.07 per cent to Rs 2,822.43 crore during the quarter under review as against Rs 2,611.54 crore in the corresponding quarter of the previous fiscal…
• Tiger sells 2.34% stake in Zomato
  5 Aug 2022,livemint.com
  Tiger Global sold more than 184 million shares, or 2.34%, of Zomato, between 25 July and 2 August in the open market, it said in a stock exchange filing. After the sale, Tiger Global now holds a 2.77% stake in the company, the filing shows…
• McDonald’s India North & East embarks on restaurant modernisation
  5 Aug 2022,retail.economictimes.indiatimes.com
  “We are deeply committed to serving our customers the best of McDonald’s experience and moving ahead with the most significant transformational changes ever undertaken in the history of McDonald’s in the region,” said Sanjeev Agrawal, group chairman, MMG and chairman and development licensee, McDonald’s India (North and East)…
• Berger Paints Q1 net profit rises 81% to Rs 254 cr; revenue up 53% to Rs 2,760 cr
  5 Aug 2022,retail.economictimes.indiatimes.com
  The company had posted a net profit of Rs 140.48 crore in the April-June period a year ago, Berger Paints said in a regulatory filing.Its revenue from operations rose 53.44 per cent to Rs 2,759.70 crore during the quarter under review as against Rs 1,798.49 crore in the year-ago period…
• Nexus Malls signs exclusive contract with Khushi Advertising for 11 malls in India
  5 Aug 2022,afaqs.com
  Khushi Advertising, the leader in mall media solutions, announced today that Nexus Malls have awarded them the exclusive contract to bring in SOH revenue for 11 malls, namely Nexus Ahmedabad One – Ahmedabad, Nexus Amritsar – Amritsar, Nexus Esplanade – Bhubaneswar, Nexus Celebration – Udaipur, Nexus Kormangala – Bengaluru, Nexus Shantiniketan – Bengaluru, Nexus Whitefield – Bengaluru, Fiza By Nexus – Mangalore, Nexus Centre City – Mysore, Nexus Hyderabad – Hyderabad and Nexus Vijaya – Chennai in India…
• Why is There a Rise of Baby Care Brands in the Indian Market in 2022
  5 Aug 2022,indianretailer.com
  The market for infant care products, which includes baby gear, strollers, toiletries, and diapers, is expanding by 14 percent annually…
• Does the future of Offline Retail lie beyond Ecommerce and QCommerce?
  5 Aug 2022,timesofindia.indiatimes.com
  The market for infant care products, which includes baby gear, strollers, toiletries, and diapers, is expanding by 14 percent annually…
• ‘Phygital Personalised Purchase’ – The modern retail phenomenon
  5 Aug 2022,timesofindia.indiatimes.com
  The Indian retail industry has been rapidly evolving, but the disruptions and pathbreaking changes can be seen dominating more so, especially over the last 5-6 years, thanks to modern technologies, the internet, and paradigm shift in consumer behaviour patterns…
• GCPL Q1 net profit down 16.56% to 345.12 crore
  4 Aug 2022,realty.economictimes.indiatimes.com
  “Our overall EBITDA declined by 13 per cent driven by unprecedented global commodity inflation, upfront marketing investments and a weak performance in our Indonesia and Latin America & SAARC businesses,” GCPL Managing Director and CEO Sudhir Sitapati said.GCPL’s India revenue was up 11.36 per cent to Rs 1,849.41 crore in the April-June quarter, as against Rs 1,660.65 crore in the corresponding quarter a year ago…
• Marico’s D2C brands have grown to Rs 500 cr business, says Mariwala
  4 Aug 2022,realty.economictimes.indiatimes.com
  Before the emergence of e-commerce and digital market initiatives, companies needed a budget of Rs 20-30 crore just to launch a product along with an all-India distribution network…
• Ice-cream parlours to attract 18% goods and services tax: CBIC
  4 Aug 2022,retail.economictimes.indiatimes.com
  It said in a circular that past tax dues of ice-cream parlours that attracted GST at the rate of 5% without input tax credit shall be treated as fully GST paid to avoid unnecessary litigation. “Since the decision is only to regularise the past practice, no refund of GST shall be allowed, if already paid at 18%,” said the CBIC…
• Adani Wilmar Q1 net profit up 10% to Rs 193.59 crore
  4 Aug 2022,retail.economictimes.indiatimes.com
  Total income rose to Rs 14,783.92 crore in the first quarter of this fiscal from Rs 11,369.41 crore in the corresponding period of the previous year…
• Devyani International Q1 net profit at Rs 74.76 crore
  4 Aug 2022,retail.economictimes.indiatimes.com
  “In Q1 FY23, DIL opened 70 net new stores, taking the total count to 1,008. It hit a key milestone — launched 1,000th outlet during the quarter; Plans to double store count in the next 4-5 years,” according to an DIL earnings statement…
• Amazon ties up with Indian Railways to boost delivery of packages
  4 Aug 2022,livemint.com
  Amazon India has engaged with Indian Railways to boost its delivery services in the country. Through this partnership, the e-commerce firm said it will be able to transport packages on more than 110 inter-city routes, ensuring one to two-day delivery for its customer…
• Etsy names Pankaj Jathar as vice president and India country head
  4 Aug 2022,retail.economictimes.indiatimes.com
  An industry veteran with more than two decades of experience across global IT services and ecommerce firms, Jathar will lead Etsy’s India business to scale up its marketplace capabilities further and determine additional growth opportunities in the country. He will focus on mobilising and empowering the creative community in India…
• Retail inflation for July may ease to 5-month low, says Barclays
  4 Aug 2022,retail.economictimes.indiatimes.com
  “The RBI is likely to take some comfort in the fact that over the next two to three months, sequential momentum of inflation will moderate materially, as the lagged effect of falling prices for cooking oil, cooking gas, base metals and several foods have all moderated,” the economist added…
• Malabar Gold enters Bangladesh with Rs 200-cr manufacturing unit
  4 Aug 2022,retail.economictimes.indiatimes.com
  With USD 4.51 billion in revenue in 2021, Malabar Gold is the largest domestically and the third largest globally in terms of top line. India operations contribute USD 2.88 billion (66 per cent of the top line) and the rest USD 1.63 billion or 34 per cent come from international operations, Ahamed said…
• Athleisure brands double size of stores amid rising demand

  4 Aug 2022,retail.economictimes.indiatimes.com
  “Post Covid, brands have realised customers are coming for the full experience and expecting engagement from the brand. At our retail spaces, many athleisure brands have almost doubled presence as sales have gone up,” said Pushpa Bector…

• How a celebrity CEO’s rule of fear helped bring down hot startup Zilingo
  4 Aug 2022,retail.economictimes.indiatimes.com
  At the heart of Zilingo’s breakdown lies the soured relationship between Ankiti Bose and her longtime supporter, Shailendra Singh, head of Sequoia India. Allies for years, they fell out as financial pressures mounted…
• Inox Leisure reports net profit of Rs 57 cr in Q1
  4 Aug 2022,retail.economictimes.indiatimes.com
  Inox Leisure’s revenue from operations in the April-June quarter of the last fiscal stood at Rs 22.31 crore.Total expenses were at Rs 513.01 crore, up two-fold.Inox reported its “highest ever quarterly revenue” and “highest ever EBITDA and profit after tax”…
• Devyani International is looking to add 200-250 stores annually: CEO
  4 Aug 2022,livemint.com
  We were building 3k sq. ft KFCs. Now we have gone down to 1.7k to 2k sq. ft, on an average. As a result, kitchen size is same but capex is down, says Virag Joshi, CEO, Devyani International…
• Mall operators’ revenue reaches 10% above pre-pandemic level: CRISIL
  4 Aug 2022,retail.economictimes.indiatimes.com
  The recovery is visible across tenant categories. Grocery, apparel, footwear, cosmetics, electronics, and luxury, which account for 75-80% of mall revenue, had shown near-full recovery by the third quarter of last fiscal. The consequent healthy improvement in cash flows and steady debt levels are also likely to improve the average debt service coverage ratio…
• Furlenco aims to reach Rs 500 crore revenue by March 2024
  4 Aug 2022,retail.economictimes.indiatimes.com
  “We plan to add over 500 products and 250 designs to our range over the next year. With this, we are looking to expand to get a larger share of the market and become India’s largest furniture and lifestyle brand by 2024,” Mohandas said…
• Aiwa India to focus on experiential retail; no immediate plans to enter e-commerce
  4 Aug 2022,newindianexpress.com
  Mehta said that the company’s strategy is different from other brands in the sense that it has consciously stayed away from e-commerce at the moment and is focusing on offline retail…
• IIFL Foundation Launches Retail Skill Development Program For Youth In Partnership With Indian Army And REACHA
  4 Aug 2022,bwpeople.businessworld.in
  The project is specially designed to help young individuals to become retail sector entrepreneurs or professionals by enhancing their skills and connecting them to the industry…
• Brigade Enterprises posts Rs 64.65 crore net profit in Q1 FY23
  3 Aug 2022,retail.economictimes.indiatimes.com
  Brigade Enterprises’ net consolidated income stood at Rs 920.28 crore in Q1 FY23, a growth of 135.05 per cent from Rs 391.52 crore it recorded in the similar quarter last year…
• Uber Technologies likely to sell 7.8% stake in Zomato through block deal
  3 Aug 2022,retail.economictimes.indiatimes.com
  The sale has been fixed at Rs 48-Rs 54 apiece, a discount of 2.8-13.6% to Tuesday’s closing price of Rs 55.55 on the National Stock Exchange…
• ITC exits from lifestyle retailing business
  3 Aug 2022,retail.economictimes.indiatimes.com
  Last month, ITC Chairman Sanjiv Puri said that the company was liquidating some old inventory of the Wills brand left in a few stores and there were no further plans to continue the business. In the past, ITC had said that its lifestyle retailing business was adversely impacted by e-commerce players which aggressively pushed to capture market share amongst value-seeking consumers by offering heavy discounts and launching exclusive labels and brands…
• FMCG industry recovers on higher urban consumption: Report
  3 Aug 2022,retail.economictimes.indiatimes.com
  ​​Data analytics firm NielsenIQ on Tuesday said the overall consumption has revived as unit volume has increased on a sequential basis in the April-June quarter. However, on an annual basis, it had a negative growth of 0.7 per cent in the latest quarter under review. In the April-June 2022 period, the urban markets revived with positive volume growth of 0.6 per cent but the rural markets reported a negative growth of 2.4 per cent…
• Voltas net profit falls 10.5 pc to Rs 109.6 crore; revenue up 55 pc to Rs 2,768 crore in April-June
  3 Aug 2022,retail.economictimes.indiatimes.com
  ​​”On the back of the volume growth, gross segment revenue increased by 125 per cent,” said Voltas, adding it “continues to be the market leader” in the segment with an existing market share of 24.1 per cent as of June 2022, said an earnings statement by the company…
• D2C brands drive growth for e-tailers
  3 Aug 2022,livemint.com
  Internet-first or direct-to-consumer (D2C) brands are driving growth in India’s e-tailing space with a robust 45% compound annual growth rate and has the potential to reach $ 70 billion over the next few years, said a joint report by Unicommerce, an integrated software as a service platform for post-purchase experience management, and retail consultancy Wazir Advisors…
• Starbucks beats profit estimates despite hit to China business
  3 Aug 2022,retail.economictimes.indiatimes.com
  Despite record inflation in the United States that ate in to Starbucks’ operating margin, the chain is “not currently seeing any measurable reduction in customer spending or any evidence of customers trading down,” interim Chief Executive Officer Howard Schultz told investors on a conference call…
• CSB forays its footprint in Tamil Nadu with a second outlet
  3 Aug 2022,retail.economictimes.indiatimes.com
  The new outlet is set in Sholinganallur, Kancheepuram. It’s situated near IT parks in order to attract a large number of young professionals…
• Anuj Jain on Kansai Nerolac results, competition and growth going ahead
  3 Aug 2022,retail.economictimes.indiatimes.com
  “When new competition enters our sector, it is important for us to just concentrate on our strength and strategy and to correct if any weakness is there over a period of time. There is no question of feeling threatening here because the industry size is good, the growth is good, and it takes time for any new player to come and create a distribution and relationship network with dealers.”…
• Foreign tourists might soon start getting GST refund for local shopping
  3 Aug 2022,timesofindia.indiatimes.com
  Referring to this, government sources added that with the GST regime settling down, the Centre is in the process of setting up the said pilot, which will initially involve outlets, such as the Cottage Industries Emporium and, bas…
• Homegrown retail decor specialist Surreal Design Studio goes global
  3 Aug 2022,timesofindia.indiatimes.com
  Surreal Design Studioare specialists in retail décor comprising malls, airports and other public spaces—temporary as well as permanent installations at these locations…
• BIRKENSTOCK Opens Second Store in Pune
  3 Aug 2022,indianretailer.com
  The new store launch is followed by the overwhelming response BIRKENSTOCK received in 2021, when it launched its first outpost in the city in Phoenix Market City, Pune…
• ONLINE RETAIL TO REACH $225 BILLION, D2C TO TOUCH $70 BILLION IN A FEW YEARS IN INDIA: REPORT
  3 Aug 2022,moneycontrol.com
  Electronics and fashion, which are usually the top selling categories for marketplaces, saw a slower growth compared to other categories in terms of order volume…
• Tata Power, JLL India collaborate to provide green energy solutions in the realty space
  3 Aug 2022,pv-magazine-india.com
  Under the collaboration, both the companies will jointly evaluate opportunities across JLL India’s clients’ portfolios to extend Tata Power’s Green Energy solutions. Tata Power will also work with JLL India to support the transition of their existing offices in the country into Green Energy power hubs…
• Large restaurants raise discounts to fend off Swiggy, Zomato
  2 Aug 2022,retail.economictimes.indiatimes.com
  India’s largest quick service chain, Domino’s Pizza which operates 1,625 outlets, launched multiple “free rewards offers” on its own app last weekend, across delivery, takeaway and dine-ins…
• ITC Q1 profit up 33.4% to Rs 4,462.25 cr, revenue rises to Rs 19,831.27 cr
  2 Aug 2022,retail.economictimes.indiatimes.com
  Its revenue from operations was up 39.25 per cent at Rs 19,831.27 crore in the first quarter of the current fiscal compared to Rs 14,240.76 crore in the year-ago period…
• Zomato’s consolidated loss nearly halves to Rs 186 crore in Q1
  2 Aug 2022,retail.economictimes.indiatimes.com
  The online food delivery and restaurant discovery platform also reduced losses by about 48% sequentially, from Rs 359.70 crore in the fourth quarter last year, the company said in a stock exchange filing to the BSE late on Monday…
• ‘We saw big growth improvement in products priced over Rs 3000,’ says Metro Brands CEO
  2 Aug 2022,retail.economictimes.indiatimes.com
  We’re seeing increased demand for premium products. We try to be a little more premium than our competitors and it’s starting to pay off as we saw big growth improvement in products priced over Rs 3,000…
• Anand Burman appointed chairman of Eveready Industries
  2 Aug 2022,retail.economictimes.indiatimes.com
  The appointment was finalised by the Eveready board in a meeting held in Kolkata on Monday. Mohit Burman and Arjun Lamba, a close associate of the Burmans have been appointed as non-executive directors, he said. A formal announcement is expected soon…
• Varun Beverages posts two-fold jump in PAT at Rs 802 cr in Q1 FY22-23
  2 Aug 2022,retail.economictimes.indiatimes.com
  “Profit after tax increased by 151.6 per cent to Rs 802 crore from Rs 318.8 crore in Q2/2021, driven by high growth in revenue from operations and improvement in margins,” the earning statement said…
• Arvind Ltd posts Rs 101.62 cr profit in Q1 FY22-23; net sales up 64%
  2 Aug 2022,retail.economictimes.indiatimes.com
  “Arvind continued to deliver on its stated objective of reducing Long Term debt, and reduced it by Rs 56 crores during this quarter. Arvind Limited closed the quarter at a net debt of Rs 1,809 crore,” it said…
• Bajaj Consumer Care Q1 net profit dips 30.7% to Rs 33.9 crore
  2 Aug 2022,retail.economictimes.indiatimes.com
  Its total revenue from operations rose 15.10 per cent to Rs 249.44 crore during the period under review, as against Rs 216.71 crore in the corresponding quarter a year ago, said a regulatory filing by Bajaj Consumer Care…
• Barbeque-Nation Hospitality Q1 profit at Rs 16.02 cr
  2 Aug 2022,retail.economictimes.indiatimes.com
  Its revenue from operations was up three-fold to Rs 314.86 crore during the quarter under review as against a low base of the corresponding quarter, when sales were impacted…
• Heineken boosted by rising beer demand but sees 2023 margin squeeze
  2 Aug 2022,retail.economictimes.indiatimes.com
  The brewer of Heineken, Europe’s top-selling lager, as well as Tiger, Sol and Strongbow cider, sold more beer than expected, with expansion in all regions and revenue and profit above market consensus…
• Kansai Nerolac Paints Q1 net profit up 36.5 pc to Rs 152 cr; sales up 46 pc
  2 Aug 2022,retail.economictimes.indiatimes.com
  Its revenue from operations rose 46.23 per cent to Rs 2,051.37 crore from Rs 1,402.76 crore in the year-ago quarter…
• JSL Lifestyle owned home and lifestyle brand Arttd’inox targets Rs 100 cr revenue in 3 years
  2 Aug 2022,retail.economictimes.indiatimes.com
  Arttd’inox is the B2C arm of JSL Lifestyle, a subsidiary of Jindal Stainless (Hisar) Limited (JSHL). The company sells premium stainless steel products across kitchen and home decor categories…
• Honasa Consumer appoints Pratik Mukherjee as vice president, Brand Factory
  2 Aug 2022,livemint.com
  Honasa Consumer Pvt Limited, calls itself a “house of brands” entity, creating digital-first consumer goods brands. HCPL has built an in-house portfolio of digital-first consumer brands like Mamaearth, The Derma Co., Aqualogica, Ayuga…
• Eveready Industries Q1 net profit down 27.5% to Rs 21.85 cr
  2 Aug 2022,retail.economictimes.indiatimes.com
  New Delhi, Aug 1 (PTI) Battery and flashlights maker Eveready Industries India Ltd on Monday reported a decline of 27.48 per cent in its consolidated net profit at Rs 21.85 crore for the quarter ended June 30, 2022. The company had posted a net profit of Rs 30…
• India to have 31 new shopping malls in two years, Chennai to get four
  2 Aug 2022,livemint.com
  According to a report by Anarock, 31 new shopping malls are expected to be operational by the end of next year on the back of a strong revival in the retail sector…
• Avenue Supermarts to Bata India: Retailers are now hiring, but on contract
  2 Aug 2022,business-standard.com
  According to a TeamLease report for the quarter, the intent to hire in retail is higher in the June-September quarter than the April-June period…
• Maharashtra: Amazon opens new centre for procuring fresh produce directly from farmers
  2 Aug 2022,indianexpress.com
  Amazon Retail India Monday announced the opening of a new “farmer collection centre” in Maharashtra, where fresh fruits and vegetables would be directly purchased from farmers for customers…
• Lifestyle & grocery retail companies on a hiring spree
  1 Aug 2022,retail.economictimes.indiatimes.com
  According to HR firm TeamLease’s latest hiring outlook study, retail is one of the top six sectors on hiring intent in the current quarter. “Significant investments are happening in the retail sector. Companies are looking to use this fresh capital to shore up hiring across multiple verticals, with some startups looking to add more physical stores too,” said TeamLease executive director Rituparna Chakraborty…
• Tata Neu CTO Sauvik Banerjjee quits four months after launch
  1 Aug 2022,retail.economictimes.indiatimes.com
  His exit comes just four months after the Mumbai-based conglomerate launched the much-hyped ‘super app’ in April . Neu was launched with a marketing blitz around the Indian Premier League, for which it was the title sponsor…
• McD’s to double outlets in north & east over 3 years
  1 Aug 2022,retail.economictimes.indiatimes.com
  “The restaurants are old. We had to re-image them,” said Sanjeev Agrawal, chairman and development licensee, McDonald’s India North and East. “Our plan is to overhaul 150 outlets in two years. ”…
• Godfrey Phillips India Q1 net profit rises 16.6% to Rs 131.05 cr
  1 Aug 2022,retail.economictimes.indiatimes.com
  Godfrey Phillips India’s revenue from operations was up 33.49 per cent to Rs 981.83 crore during the quarter under review against Rs 735.49 crore in the corresponding period of the previous fiscal…
• Time for alcobev to go online?
  1 Aug 2022,retail.economictimes.indiatimes.com
  COVID-19 has led to a significant shift in the way in which alcohol is bought and consumed – such as growth in at-home consumption, acceleration of premium products and increasing product innovation beyond traditional whisky and beer to supply-led influences such as exponential growth of online delivery in other categories (70% inc. in GMV in 3 months during Wave-1), stay-at-home orders disallowing visits to liquor shops, govt. objective to control over-crowding at liquor shops post re-opening etc…
• Pet care industry grows after pandemic; attracts FMCG companies
  1 Aug 2022,retail.economictimes.indiatimes.com
  Last week, Nestle India entered into the segment by acquiring the pet foods business from its fellow subsidiary Purina Petcare India for Rs 123.5 crore, providing the FMCG major direct access to this fast-growing business in the country…
• Spend trend: Consumption survey to include electronics, online shopping
  1 Aug 2022,retail.economictimes.indiatimes.com
  India will now be keeping tabs on your spending online, electronic products such as mobile phones and Covid management products, as part of the Household Consumption Expenditure Survey (HCES), which was launched last week…
• Jockey doubled athleisure business during pandemic
  1 Aug 2022,livemint.com
  For an organization like ours, primarily invested in offline space, online consumer acquisition was slow and expensive prior to the pandemic, says Karthik Yathindra, chief marketing officer, Jockey India…
• Gold business up 54% in Q2 of 2022 at Rs 79,000 crore
  1 Aug 2022,retail.economictimes.indiatimes.com
  Gold demand in India was up 43% at 170.7 tonne in Q2, 2022 as against 119.6 tonne in Q2, 2021. Demand for gold jewellery was higher by 49% at 140.3 tonne (94 tonne) marked by festivals and wedding buying…
• Cereals beat slowing trend in FMCG foods
  1 Aug 2022,retail.economictimes.indiatimes.com
  Quoting Nielsen Consumer data, Kellogg’s MD (India & South Asia markets) Prashant Peres said volume growth in breakfast and healthy snacks — when put together and compared with other food categories — has been consistent over a span of two years from July-September 2020 to January-March this year…
• India’s consumer electronics industry is set on the path to Industry 5.0
  1 Aug 2022,livemint.com
  Even as the pandemic exposed the vulnerabilities of economies, it is time to analyse India’s manufacturing playbook and see it transition from Industry 4.0 to Industry 5.0, comprising smart artificial intelligence-enabled factories…
• Android tablet market share drops below 50% in Q2, 1st time in 10 yrs
  1 Aug 2022,business-standard.com
  Android tablet market share fell below 50 per cent for the first time in 10 years, as people seek premium and detachable tablets from Apple, Windows OEMs and, to some extent, Samsung…
• DLF cuts net debt by 16% quarter-on-quarter to Rs 2,259 crore in Q1 FY23
  1 Aug 2022,realty.economictimes.indiatimes.com
  On the operational front, DLF’s sales bookings doubled to Rs 2,040 crore during the first quarter of this fiscal from Rs 1,014 crore in the year-ago period…
• Many malls to open in 2022 as retail sector picks up pace
  1 Aug 2022,realty.economictimes.indiatimes.com
  Nearly 10.15 million sq ft of new mall space is set to be available in the country this year–almost double compared with 2021–as demand for retail space in grade-A malls pushes developers to expedite construction, according to property consultant Anarock…
• Anirban Gupta joins Colliers as Managing Director, Kolkata to drive business growth in East India
  1 Aug 2022,realty.economictimes.indiatimes.com
  Leading diversified real estate professional services and investment management firm Colliers has appointed Anirban Gupta as the Managing Director of Kolkata to drive the organization’s growth in East India…
• Commercial realty: More spaces, greater adsorption
  1 Aug 2022,theprint.in
  Delhi NCR [India], July 30 (ANI/NewsVoir): The growing interest in commercial realty space shows no signs of abating. Rising high from the sluggish demand during the pandemic there is a new vigour in the segment…
• Zilingo COO Aadi Vaidya quits in latest blow for Singapore startup
  30 jul 2022,retail.economictimes.indiatimes.com
  Aadi Vaidya, who joined the company in 2015 and became the COO two years later, confirmed his resignation when contacted by Bloomberg News. Friday is his last day at the company, Vaidya said in his response…
• Oppo to invest $60 million in India to strengthen smartphone ecosystem
  30 jul 2022,retail.economictimes.indiatimes.com
  Ovet that time, Oppo said it will also focus on the development of next-generation technologies such as 5G, artificial intelligence (AI), etc., to accelerate the product development process from India, empowering and mentoring technology start-ups end-to-end, and exploring collaborations with educational institutions to drive innovation…
• Nirma makes Rs 1,650-crore offer for Hindusthan National Glass
  30 jul 2022,retail.economictimes.indiatimes.com
  Africa-based bottle maker Madhvani Group and AGI Greenpac, known as makers of Hindware products, also submitted separate resolution plans for the Kolkata-based bottle maker undergoing insolvency proceedings…
• Apple ‘nearly doubled’ revenue in India in June quarter: CEO Tim Cook
  30 jul 2022,retail.economictimes.indiatimes.com
  “We also saw June quarter revenue records in both developed and emerging markets with very strong double-digit growth in Brazil, Indonesia, and Vietnam and a near doubling of revenue in India. We saw great enthusiasm for our products and services, resulting in an all-time record for our installed base of active devices,” Apple CEO Tim Cook said during the company’s quarterly earnings call…
• LT Foods Q1 profit rises 25% on strong revenue
  30 jul 2022,retail.economictimes.indiatimes.com
  Its total income rose 32 per cent on a consolidated basis to Rs 1,620.37 crore in the April-June quarter of the 2022-23 fiscal against Rs 1,231 crore in the year-ago period…
• Emami Q1 Results: PAT down 7% at Rs 73 cr
  30 jul 2022,retail.economictimes.indiatimes.com
  “Unprecedented inflationary headwinds continued to impact the FMCG sector leading to softening of consumer sentiment across urban and rural markets, resulting in lower margins during the quarter,” said Emami in its earning statement…
• Metro Brands posts net profit of Rs 105.78 crore in Q1 FY 2022-23
  30 jul 2022,retail.economictimes.indiatimes.com
  The company’s total revenue from operations stood at Rs 507.95 crore for Q1 of the current fiscal as compared to Rs 131.39 crore in the same quarter last year with 286.5 per cent year-on-year growth…
• ‘E-commerce penetration grew fivefold during covid’
  30 jul 2022,livemint.com
  NEW DELHI : The covid pandemic pushed sales of more fast-moving consumer goods online, with an estimated 10.7 million households buying such products between April 2020 and March 2022, data from Kantar Worldpanel showed…
• ICRA upgrades retail sector outlook to stable from negative
  30 jul 2022,retail.economictimes.indiatimes.com
  “Driven by pent-up demand, improving vaccination coverage and a pick-up in economic activity, the retail sector reported a healthy recovery in sales, post the second COVID-19 wave. While the operations were temporarily affected by the third wave in January and February 2022, the sector bounced back swiftly in March 2022,” said Sakshi Suneja, Vice President & Sector Head, ICRA…
• India remains a strong growth market for global consumer companies
  30 jul 2022,retail.economictimes.indiatimes.com
  Analysts said India has been resilient amid slowing global growth. The IMF has slashed the 2022 global GDP growth forecast to 3.6%. While India’s growth outlook has tempered too, at 8% expectation in 2022 and 7-8% growth forecast, India remains an outlier, ” said a report by Emkay…
• Amazon has a Prime edge over Walmart: Richer customers
  30 jul 2022,retail.economictimes.indiatimes.com
  On Monday, rival Walmart Inc, which caters to a more cost-conscious customer, slashed its second-quarter profit forecast, blaming a shift in consumer spending towards more low-margin food products over apparel and other general merchandise…
• Twin headwinds lash SMEs in gems and jewellery sector: Crisil SME Tracker
  30 jul 2022,business-standard.com
  Small and medium enterprises (SMEs) in the gems and jewellery sector are likely to grow 1-3 per cent year on year in value terms in the current fiscal year (FY23), compared with over 45-50 per cent in FY22 (which, in turn, was on a low base of FY21). That’s because they face two headwinds now: the import duty hike of 500 basis points to 12.5 per cent, and supply chain disruptions because of the ongoing Russia-Ukraine war, leading to a moderation in exports…
• Maersk X LT Foods | A strong logistics partnership of more than 10 years
  30 jul 2022,retail.economictimes.indiatimes.com
  LT Foods Ltd. is one of India’s largest basmati rice exporters, holding close to 50% market share within the industry. With a total of 6 plants in India, a processing plant in Rotterdam, along with warehouses in the USA, they export rice to 63 countries. Today, Daawat has become a household name in more than 60 countries with its international standards, and manufacturing excellence. Watch now to know how Maersk helped LT Foods Ltd. transport their rice to different countries with its digital technology, commitment, and excellent support…
• Tide maker P&G misses earnings, forecasts lower growth as consumers ‘scrimp’
  30 jul 2022,retail.economictimes.indiatimes.com
  Chief Financial Officer Andre Schulten warned in a call with media that P&G, a bellwether for consumer products, is seeing “some resurgence” of shoppers buying cheaper store brand items in some categories. Private label brands in Europe are stronger, he said in a call with analysts…
• Smartphone shipments in Q2 fall 5% due to macro-economic headwinds: Counterpoint
  30 jul 2022,retail.economictimes.indiatimes.com
  The on-year growth was primarily driven due to a low base in Q2 2021 due to the second covid-19 wave, while the quarterly decline is attributed to macroeconomic headwinds impacting demand, Counterpoint said…
• LG Electronics posts 12% drop in profit on weaker demand
  30 jul 2022,retail.economictimes.indiatimes.com
  Its operating income came in at 792 billion won $609 million for the April-June quarter, falling short of analysts’ expectations surveyed by Yonhap Infomax, the financial data firm of Yonhap News Agency…
• DLF’s net profit up 39% at Rs 469.57 crore in Q1 FY23
  30 jul 2022,retail.economictimes.indiatimes.com
  In a statement, DLF said its sales bookings jumped two-fold to Rs 2,040 crore during the April-June period of this fiscal year, compared with the year-ago period…
• The game plan is to expand into larger F&B portfolio and becoming an FMCG company: Tata Consumer’s Sunil D’Souza
  28 jul 2022,retail.economictimes.indiatimes.com
  “If you look at the total PCPL portfolio, I think we have got a significant opportunity to restructure and clean up. As part of this, the latest thing that we have announced is the cleanup of the international and Indian legal listed entities. From 43 entities, we are moving down to 23 or 25.”…
• PVR raises ticket prices by up to 23%, says CEO
  28 jul 2022,retail.economictimes.indiatimes.com
  “Every year, we used to hike the prices by 5–7%, but we couldn’t do that in the last two and a half years. During this time, electricity costs, rent and maintenance charges have gone up, so we had to hike the prices,” said Dutta…
• Coca-Cola takes ‘Limca’ to no-fizz segment, signs on Neeraj Chopra
  28 jul 2022,retail.economictimes.indiatimes.com
  The move comes amid escalation of launches in the healthier space by foods and beverages companies globally, as consumers opt for these products especially after the pandemic. The electrolytes and glucose beverage is a sports drink, and broadbases the company’s portfolio beyond fizzy drinks, which currently includes low-sugar juices, and Coke Zero…
• Working to see how fast we can increase local sourcing because that has all the benefits of creating lower prices: IKEA India CEO
  28 jul 2022,retail.economictimes.indiatimes.com
  “No one is not impacted by inflation and by the crisis that COVID and the war has had an impact on the whole world, supply chains and prices and inflation. We see some positive signs that it might be possible to rollback some of the prices going forward but it’s still to be seen. We are moving on with our affordability ambitions that we have,” Pulverer told ET…
• United Breweries Q1 Results: Net profit rises to Rs 162.50 crore on volume growth
  28 jul 2022,retail.economictimes.indiatimes.com
  United Breweries Ltd’s (UBL) revenue from operations climbed 95.88 per cent to Rs 5,196.08 crore during the quarter under review. It stood at Rs 2,652.63 crore in the corresponding period of the previous fiscal…
• Flipkart enters audiobooks segment; partners with Pocket FM
  28 jul 2022,retail.economictimes.indiatimes.com
  With the collaboration, Flipkart would provide exclusive and licensed audiobooks through Pocket FM to its customer base of over 400 million, a release said on Tuesday…
• Nykaa’s Falguni Nayar is India’s richest self-made woman, wealth surges 963%
  28 jul 2022,retail.economictimes.indiatimes.com
  Falguni Nayar, the founder and CEO of Nykaa, has moved ahead of Biocon founder and CEO Kiran Mazumdar-Shaw to become the richest self-made woman in India, according to Kotak Private Banking Hurun Leading Wealthy Women List 2021…
• Sharp fall in purchases pulls global gold demand down by 8% in Q2
  28 jul 2022,business-standard.com
  A sharp fall in purchases by investors pulled global gold demand down 8% in the second quarter compared to the same period in 2021, the World Gold Council said on Thursday…
• Relaxo Footwears profit rises 25 pc to Rs 38.67 crore in June quarter
  28 jul 2022,retail.economictimes.indiatimes.com
  Its revenue from operations went up by 34.2 per cent at Rs 667.15 crore during the period under review as against Rs 497.13 crore in the same quarter last year, Relaxo Footwears said in a regulatory filing…
• Neiman Marcus Group to hire 600 people for India centre
  28 jul 2022,retail.economictimes.indiatimes.com
  The US-based retailer launched its Global Capability Centre (GCC) in India this week, where it currently employs about 60 people…
• Food business to see disproportionate growth: TCPL CEO Sunil D’Souza
  28 jul 2022,retail.economictimes.indiatimes.com
  “I think now the game plan is to expand into the larger food and beverage portfolio by getting into more and more categories and ultimately becoming a FMCG company. The only thing is as we go we have got to make sure before we get into a full-fledged FMCG we are building a solid base and from there we can catapult into the larger categories,” said D’Souza…
• Coca-Cola bottling partners invest $1 bn to add capacity
  28 jul 2022,livemint.com
  Besides improving penetration of existing products, the company will also launch zero- and low-sugar variants of all its key sparkling brands in a phased manner over the next two years…
• Swiggy begins selling private label brand Supreme Harvest on Instamart
  28 jul 2022,livemint.com
  The brand is marketed by Scootsy Logistics Pvt Ltd and sells pulses, oils, spices, mixed seeds, flour, and other cooking essentials…
• Reckitt ups sales forecast on price hikes and baby formula
  28 jul 2022,retail.economictimes.indiatimes.com
  The company said quarterly like-for-like revenue rose 11.9% on a constant currency basis, far ahead of the 6.8% growth analysts had expected in a company-supplied poll. Reckitt hiked prices 9.7% in the quarter, while sales volumes were up 2.2%…
• Great cloud kitchens need a mix of artists and engineers
  28 jul 2022,retail.economictimes.indiatimes.com
  Zorawar Kalra says if someone had asked him in March, 2020, about food delivery, he would have described it as a waste of time. “We’re in the fine dine or fine casual sector, where we like to give full experiences. And I’m a food purist…
• India’s tea exports declined over 20% in past 5 years
  28 jul 2022,retail.economictimes.indiatimes.com
  “There was a decline in export of tea in last few years. Reportedly, this was due to nonavailability of containers, dislocation in shipping schedules, lock-down and uncertainty in the market due to covid-19 and disruptions in overall global trade,” Union Minister of Commerce and Industry Anupriya Patel informed the Lok Sabha on Wednesday in reply to a question on the tea trade…
• Ikea India increases prices of some products as inflation bites
  28 jul 2022,retail.economictimes.indiatimes.com
  IKEA India has increased prices of some of its products due to rising inflation while also absorbing the high inflation costs on other products…
• Apple’s 1st India store delayed
  28 jul 2022,retail.economictimes.indiatimes.com
  The opening of Apple’s flagship India retail store has been delayed further, with the iPhone maker aiming to debut its first company-owned outlet in the country in Mumbai in the January-March quarter next year. If all goes to plan, 2023 will mark a big India retail push by Apple, which will also be opening a company-owned outlet in New Delhi at Select Citywalk mall in Saket…
• Why Experiential Retail Might Be the Secret to Customer Success
  28 jul 2022,indianretailer.com
  Experiential shopping is simply the combination of online and offline marketing, which allows retailers to target consumers with personalized experiences they are unable to get on their phones or computers…
• Ed-a-Mamma Marks its Offline Presence in the Indian Market
  28 jul 2022,indianretailer.com
  The brand has stepped into the retail market in major metropolitan cities as well as Tier II cities through Shoppers Stop and Lifestyle stores…
• Small shops need not collect 5% GST on essential items in small packs: Minister
  28 jul 2022,theprint.in
  Thiruvananthapuram, Jul 27 (PTI) Kerala Finance Minister K N Balagopal on Wednesday said small unregistered shops or those with an annual turnover of around Rs 1.5 crore are not required to collect 5 per cent GST on essential commodities sold in loose or in small packages of 1 or 2 kg…
• Avenue Supermarts’ online business more than doubled during FY22 but loss widened too
  27 jul 2022,retail.economictimes.indiatimes.com
  However, net loss at Avenue E-Commerce, the six-year-old subsidiary of India’s biggest retailer by market capitalisation, widened to Rs 142 crore. The online business brand – DMart Ready had sales of Rs 791 crore and a net loss of Rs 81 crore a year earlier when it operated only in Mumbai, according to the company’s latest annual report…
• Consumption weakness is due to the impact of inflation on the Indian consumers, particularly in rural areas: Unilever CEO
  27 jul 2022,retail.economictimes.indiatimes.com
  The British consumer goods firm said India has been a particular area of strength from a volume perspective as it saw double-digit pricing growth while still maintaining high single-digit volumes. This is despite the overall market witnessing volume decline, said the maker of Dove and Rin…
• Coke India reports best-ever quarter by volumes in April-June
  27 jul 2022,retail.economictimes.indiatimes.com
  The maker of Coke and Sprite soft drinks and Minute Maid juice said volume performance was driven by continued recovery in away-from-home channels and ongoing investments. Quincey said the beverage maker gained shares in sparkling soft drinks and juices and that it is “continuing to invest in the marketplace availability and execution to capture growth.”…
• United Spirits Q1 Results Profit soars 204% YoY; sales rise 34%
  27 jul 2022,retail.economictimes.indiatimes.com
  The company said double-digit top-line growth reflects strong consumer demand in off-trade, recovery in the on-trade channel, active portfolio management and benefit from the soft comparator…
• Asian Paints Q1 profit surges 79% YoY to Rs 1,017 crore
  27 jul 2022,retail.economictimes.indiatimes.com
  The company said the domestic decorative business experienced good consumer demand and recorded strong revenue growth for the quarter. The volume growth registered in the quarter was one of the highest in the last six quarters, it said, adding that the business also registered robust 4-year compounded growth in volume and value terms…
• AstaGuru bets on jewellery, watches
  27 jul 2022,livemint.com
  The business from these items has increased multi-fold since 2018 when the company first began experimenting with the categories, chief executive Tushar Sethi said…
• India’s inflation has likely peaked as global commodity prices moderate: Morgan Stanley Research
  27 jul 2022,livemint.com
  Moderation in commodity price hikes is expected to bring some respite to macro stability indicators. Building in the moderation in commodity prices and swifter correction in domestic food prices, we see near-term inflation trajectory improving…
• Unilever ups sales guidance after price hikes help it beat forecast
  27 jul 2022,retail.economictimes.indiatimes.com
  “The challenges of inflation persist and the global macroeconomic outlook is uncertain, but we remain intensely focused on operational excellence and delivery in 2022.” Bernstein analysts in a note deemed them a good set of results, with pricing better than expected and volumes in line and boding well for Unilever’s ability to keep investing in growth…
• Food delivery companies revamp for cost-of-living crunch
  27 jul 2022,retail.economictimes.indiatimes.com
  The loss-making food delivery sector was one of the big beneficiaries of the COVID-19 pandemic, but that effect has waned as consumers, faced with surging prices, have started to cut back…
• McDonald’s sales beat estimates on steady fast-food demand
  27 jul 2022,retail.economictimes.indiatimes.com
  Net income declined 46% to $1.19 billion, or $1.60 per share, as expenses soared. The company’s shares were down 1.3% in premarket trading…
• Malaki founders launches India’s first online B2B marketplace for beverages
  27 jul 2022,retail.economictimes.indiatimes.com
  BeverageCart is a first of its kind platform in India that will address last mile delivery for retailers and hotels, restaurants and caterers (HoReCa) channels by facilitating online wholesale orders…
• Apple ships over 1.2 million iPhones in India in Q2, logs 94% growth
  27 jul 2022,business-standard.com
  Continuing its growth in India driven by local manufacturing, Apple sold over 1.2 million iPhones in the country in the second quarter (Q2) this year, registering a massive 94% growth y-o-y…
• Fashion Festival of India by Medusa by Sonal Jindal at Ambience Mall Vasant Kunj New Delhi
  27 jul 2022,newspatrolling.com
  New Delhi, 26th July 2022: Continuing a long tradition of collaborations, Medusa is thrilled to announce a new collaboration with Ambience Mall, Vasant Kunj as they launch the first and longest ever FASHION FESTIVAL of India…
• REIT Investing: The Hassle-Free Way To Invest In Commercial Real Estate In India
  27 jul 2022,mumbailive.com
  It was long ago when the government made it possible for investors to invest in large-scale commercial real estate projects. However, it was only recently that individual investors embraced the concept of REIT investing. Real estate investment trusts allow individuals to invest in income-producing and large-scale…
• Pret A Manger-Reliance tie-up to force Indian café chains to smell the coffee
  27 jul 2022,financialexpress.com
  India may boast of the presence of several marquee international coffee chains, but none of them, with the possible exception of Starbucks, have been able to make much of an impact. The reasons are obvious; for one, India is largely a tea-drinking market, with coffee penetration still at just about 11%. Coffee remains largely an in-home consumption drink…
• Retail sector sees robust recovery in Apr-Jun; leasing activity strong: Report
  27 jul 2022,livemint.com
  New Delhi: India’s retail sector reported robust transaction activity in the second quarter of 2022 driven by a revival in physical visits by consumers even as online shopping continued to record strong growth…
• Indian E-Commerce Retail Logistics Market to be Worth $6.3 bn in FY26
  27 jul 2022,livemint.com
  The growth will be primarily driven by the Ecommerce retail market, which is expected to reach approximately $145 billion by FY26, with about 15 million daily shipments…
• Retail sector bounces back in Q2, e-com retail to touch $145 billion by 2026
  27 jul 2022,newindianexpress.com
  Although supply addition was down by more than 50% Q-o-Q during the quarter, the report notes that H1 2022 saw a more than 500% increase in project completions compared to a year ago…
• Women kirana partners lead deliveries for Flipkart in India’s remote areas
  27 jul 2022,business-standard.com
  The programme enables the kirana partners to make limited time-based deliveries contingent on their comfort and availability and has enabled large-scale participation from women…
• Retail, e-commerce fuelling growth of warehousing & logistics: Sachin Haritash
  27 jul 2022,financialexpress.com
  In an exclusive interview, Sachin Haritash, Director, Chetak Logistics, talks about the evolving trends in logistics, especially in warehousing as a support function, and shares his business outlook…
• Institutional investors bullish on commercial real estate
  27 jul 2022,financialexpress.com
  The large-scale investment by institutional investors is projected to fuel the accelerated growth of commercial realty…
• Fractional platforms lower barrier for investing in commercial realty
  27 jul 2022,business-standard.com
  With corporates asking their employees to return to office, or work at least partly out of office, occupancy levels are rising. This bodes well for commercial real estate (CRE). According to ANAROCK Research, net absorption of office space was 34.06 million square feet (sq. ft.) in FY2021-22 across India’s top seven cities, up 60 per cent over FY2020-21, and at almost 80 per cent of the pre-Covid-19 level of 43 million sq. ft. in FY2019-20. Besides real estate investment trusts (REITs), an upcoming route that retail investors can take to participate in CRE is fractional platforms…
• Rupa & Co scions take over Cloudtail’s home, kitchen and sports business
  26 jul 2022,retail.economictimes.indiatimes.com
  RetailEZ is among many new sellers that are taking over Cloudtail’s business following Amazon’s acquisition of the latter’s parent company Prione…
• Colgate, Tide maker P&G rejig price tactics to keep cash-strapped shoppers
  26 jul 2022,retail.economictimes.indiatimes.com
  Oral care company Colgate-Palmolive Co will work with retailers to see if shoppers spend more when paychecks clear, generally in the first and third weeks of the month, head of investor relations John Faucher said. That suggests consumers face more financial stress and living paycheck to paycheck…
• Century Textiles & Industries Q1 Results: Net income jumps 78% YoY to Rs 63 crore
  26 jul 2022,retail.economictimes.indiatimes.com
  The company’s Managing Director J C Laddha attributed the strong numbers to the high operational efficiency and improved market demand. The pulp and paper business has performed exceptionally well during the reporting quarter, especially with increased demand in the paper and tissue segment, he said…
• Personalization at scale: Retailers’ profitable journey to growth
  26 jul 2022,retail.economictimes.indiatimes.com
  The speed and convenience offered by e-commerce post pandemic were the driving factors of consumption in the last 18 months. However, sustained growth in retail calls for personalization at scale and that requires a more refined approach and the will to adapt to understand the evolving customer needs and result in ROI for businesses…
• E-comm retail logistics market projected at $6.3 bn by FY26: Report
  26 jul 2022,business-standard.com
  The growth will be primarily driven by the e-commerce retail market – expected to reach approximately $145 billion by FY26, with about 15 million daily shipments…
• Godrej & Boyce bets on indigenous manufacturing, aims at 15-20% revenue growth in FY23
  26 jul 2022,retail.economictimes.indiatimes.com
  The diversified conglomerate intends to strengthen its position as a global source of manufacturing with the world looking at a “China plus” policy and is planning to increase its exports by 30 per cent year-on-year for the next two years, he said…
• Indian diamond industry’s revenue set to fall 15-20% this fiscal year, Crisil says
  26 jul 2022,retail.economictimes.indiatimes.com
  Surge in Covid-19 cases has led to lockdowns in several regions in China, which is one of the largest consumers of Indian polished diamonds. Additionally, inflation and opening up of other avenues of discretionary spending, such as travel and hospitality, will dampen demand growth in the US and Europe in the near term…
• Orient Electric Q1 profit soars over 3-fold, revenue up 47.2%
  26 jul 2022,retail.economictimes.indiatimes.com
  Its revenue from the electrical consumer durables segment was at Rs 445.34 crore in the June quarter, up 37.41 per cent, as against Rs 324.09 crore…
• India second-largest phone manufacturer globally, shows govt data
  26 jul 2022,retail.economictimes.indiatimes.com
  India has emerged as the second-largest mobile phone manufacturer in the world with a 126% jump in production from financial year 2021 to fiscal 2022, shows government data…
• Foreign tourists may soon get GST refund for local shopping
  26 jul 2022,timesofindia.indiatimes.com
  NEW DELHI: The government will soon begin a pilot to refund goods and services tax (GST) paid by foreign tourists visiting India as part of a move to implement a measure that is there in the statute…
• What Are Real Estate Investment Trusts (REITs)? Benefits And Challenges
  26 jul 2022,outlookindia.com
  Embassy Office Parks Real Estate Investment Trust (Reit), India’s first Reit, expanded leased spaces in the April-June quarter, according to media reports…
• When beauty weds social, business wins
  26 jul 2022,timesofindia.indiatimes.com
  They say beauty lies in the eyes of the beholder. We can debate that, but the way forward for the beauty market certainly lies in the marriage of social and commerce…
• Retail Sales Up 13 pc in June; Sports Goods, Jewelry Log Strong Growth
  26 jul 2022,indianretailer.com
  Retailers of sports goods reported a 29 percent growth in business, while jewelers reported a strong 27 percent sales growth in the same period…
• India’s Secure & Reliable Solution for Furniture Online with More than 15000 Designs: GKW Retail
  26 jul 2022,mid-day.com
  Longevity says how many generations it can pass to, quality and designs give the insight of how desiring and appealing can the furniture become and third and the most important factor nowadays is the elegance like how aesthetic look it creates with your entire home decor! How it renders positive vibes so that you never want to get out of your house…
• Unicommerce is the toll gate to a smooth e-commerce highway
  26 jul 2022,livemint.com
  Pay-per-use model allows brands to access contemporary solutions and also manage technology costsIntegrated SaaS platform meets all technology needs to manage online operations…
• Industrial real estate developer Panattoni plans to invest over $200 mn in India
  26 jul 2022,economictimes.indiatimes.com
  Panattoni, one of the largest industrial real estate developers in the world, plans to invest over $200 million in the India market by the end of the ongoing fiscal year…
• Inflation a drag on ecommerce juggernaut
  25 jul 2022,retail.economictimes.indiatimes.com
  After multiple crests and troughs since the outset of the Covid-19 pandemic in India, ecommerce is seeing consumption growth moderating across categories, especially segments considered to be discretionary, multiple senior industry executives and analysts told ET…
• Big FMCG companies enter plant-based meat segment
  25 jul 2022,retail.economictimes.indiatimes.com
  Last week, Tata Consumer Product Ltd (TCPL) announced its entry into the plant-based meat products category, under a new brand “Tata Simply Better” and introduced four variants – Nuggets, Burger Patty, Awadhi Seekh Kebab and Spicy Finger. According to the Tata group FMCG arm, plant-based meats are at the forefront of the broader plant protein landscape, aimed at replicating the sensory and cultural resonance of animal-derived meat, but without the associated implications to the environment and health…
• Instacart founder Apoorva Mehta is calling it quits
  25 jul 2022,retail.economictimes.indiatimes.com
  Instacart announced that CEO Fidji Simo had been appointed as Chair of the Board of Directors, effective as Mehta moves out from the board once Instacart becomes a public company…
• FMCG companies plan promotions, discounts amid reduction in input costs
  25 jul 2022,retail.economictimes.indiatimes.com
  The fast-moving consumer goods (FMCG) market expanded 7% in value and fell 5% in volume in the quarter ended June. While volumes have been falling for the past three quarters, value growth has started to taper off too, said companies. Over the past month, there has been a steep correction in two crucial commodities – crude and palm oil – that together account for more than half of companies’ input costs…
• Jewellery company KGK Group expects 10-12% rise in revenue in FY23
  25 jul 2022,retail.economictimes.indiatimes.com
  The group recently acquired international brands like Martin Flyer and Gregg Ruth that assisted in their business growth augmenting the regional economy at large…
• Officer’s Choice maker Allied Blenders and Distillers sees recovery in sales
  25 jul 2022,retail.economictimes.indiatimes.com
  The sales of alcoholic beverages were largely hit by shutdowns due to the Covid-19 pandemic and a couple of policy changes, he added…
• Godrej & Boyce bets on indigenous manufacturing, aims at 20% revenue growth
  25 jul 2022,business-standard.com
  In its 125-year journey, Godrej and Boyce, the first Indian company to make typewriters, refrigerators and ballot boxes for Independent India’s maiden election, still considers indigenous manufacturing as one of its core areas to fuel growth, an official said…
• ‘Day by day’: Trade bans, inflation send food prices soaring
  25 jul 2022,retail.economictimes.indiatimes.com
  As inflation surges around the world, politicians are scrambling for ways to keep food affordable as people increasingly protest the soaring cost of living. One knee-jerk response has been food export bans aimed at protecting domestic prices and supplies as a growing number of governments in developing nations try to show a nervous public that their needs will be met…
• Vardhman Textiles Q1 reports net profit of 4.13% to Rs 313.35 crore
  25 jul 2022,business-standard.com
  The gross revenue of the company is Rs 2,731.01 crore which is higher by 44.25 per cent over the corresponding quarter of the FY22…
• Rage Coffee eyes Rs 500 crore revenue by FY25-26; expects more contribution from international market
  25 jul 2022,business-standard.com
  In an exclusive interview with ETRetail, Bharat Sethi, founder and CEO of the company said, “Currently, we are present in more than 2500 stores across India and will reach about 10,000 point of sale retail touchpoints by the end of this year.”…
• Digitisation of small businesses in India
  25 jul 2022,freepressjournal.in
  Synopsis: The success of e-commerce companies has previously shown how important it is for organisations to have a digital presence, the transition of which is accelerated by the COVID-19 pandemic. As per predictions by Technopak advisors, the retail industry in India will be worth roughly 1.5 trillion dollars. Tech startups are playing a significant role in this…
• Local levies, supply chain distortion trigger widely varying inflation levels across states
  25 jul 2022,newindianexpress.com
  The Consumer Price Index (CPI)-based inflation rate for the month of June was as high as 10.5 per cent in Telangana and as low as 4.7 per cent in Bihar, while the national average stood at 7 per cent…
• Reliance Retail’s net profit rise 114% in the June quarter while revenue expand 54%
  23 jul 2022,retail.economictimes.indiatimes.com
  Reliance’s retail division, which runs over 15,866 stores across groceries, consumer electronics and apparel, posted revenues of Rs 51,582 crore in the three months to June, with net profit at Rs 2,061 crore. The company said consumer spending got a boost as families indulged in leisure activities, socializing, festivities and shopping as the pandemic situation improved though sentiments remained cautious due to inflationary concerns…
• Flipkart Rejig: Adarsh Menon to take over Shopsy, Cleartrip, used phone business
  23 jul 2022,retail.economictimes.indiatimes.com
  Long-time Flipkart executive Adarsh Menon will take over Flipkart’s new business verticals such as the social commerce venture Shopsy, travel platform Cleartrip, and recommerce (used or refurbished phones) business, reveals an internal memo sent by Flipkart group chief executive officer (CEO) Kalyan Krishnamurthy and people who were briefed on the matter…
• Domino’s India may shift business away from delivery firms Zomato and Swiggy
  23 jul 2022,retail.economictimes.indiatimes.com
  The disclosure was made by Jubilant FoodWorks, which runs the Domino’s and Dunkin’ Donuts chain in India, in a confidential filing with the Competition Commission of India (CCI) which is investigating alleged anti-competitive practices of Zomato and Swiggy…
• Indian smartphone market down 5% in Q2 on stifled demand, says new report
  23 jul 2022,retail.economictimes.indiatimes.com
  Top Chinese brands such as Oppo, Vivo and Xiaomi also struggled with government scrutiny along with financial problems, but the report notes that the business impact has been limited, with no major changes in the vendor shares…
• Retailers bank on festive season to up sales
  23 jul 2022,retail.economictimes.indiatimes.com
  Although trade is on a recovery path, the retail sector, especially shopping malls, is banking heavily on the festival season to boost sales following the pandemic-induced slump…
• Swan Energy’s textile division expands Ahmedabad plant capacity to 3 million metres per month
  23 jul 2022,retail.economictimes.indiatimes.com
  Talking to ET, Vivek Merchant, general manager, Swan Energy said “Recently, we have been presenting our fabric range to renowned brands, retail, ready made garment manufacturers, exporters, buying houses, large traders. We are working in collaboration with the large textile corporates to explore the possibilities growing commercially.”…
• UAE accounts for 15 per cent of India’s gems and jewellery export
  23 jul 2022,retail.economictimes.indiatimes.com
  Shah was speaking at an event organised by the GJEPC and the Indian embassy in the UAE, which was the first-ever IJEX BSM in conjunction with this year’s IIJS Premiere roadshow on July 19 here…
• Tata Consumer Products expands foods portfolio
  23 jul 2022,livemint.com
  Tata Consumer has launched plant-based meat products under the ‘Tata Simply Better’ brand name and extended its Tata Sampann brand to add nuts and dry fruits…
• Crompton Greaves Consumer Electricals Q1 up 33% at Rs 125.95 crore
  23 jul 2022,retail.economictimes.indiatimes.com
  Consolidated revenue from operations in the first quarter stood at Rs 1,862.94 crore, as against Rs 1,050.48 crore in the corresponding period of the previous fiscal, Crompton Greaves Consumer Electricals Ltd (CGCEL) said in a regulatory filing…
• Freedeem goes an extra mile to strengthen India’s retail ecosystem against the onslaught of e-commerce giants
  23 jul 2022,aninews.in
  New Delhi [India], July 22 (ANI/PNN): As the Central Government has expressed concern about the impact of e-commerce giants on small retailers in the country, Freedeem has gone above and beyond to strengthen India’s retail ecosystem with its first-of-its-kind digital platform…
• Electrolux misses profit forecast hit by supply chain, North America loss
  23 jul 2022,retail.economictimes.indiatimes.com
  Europe’s biggest home appliances maker said it expected those supply chain constraints to ease in the second half of the year but warned of continued disruption risks ahead due to the coronavirus and war in Ukraine…
• GOZOOP Group wins the Public Relations mandate for Infiniti Mall
  23 jul 2022,afaqs.com
  Independent marketing group, GOZOOP Group has bagged the public relations mandate for Infiniti Mall, Mumbai’s premier destination for shopping, entertainment and food…
• Coffee with BS: What makes Ajay Bijli the Godfather of India’s multiplexes
  23 jul 2022,business-standard.com
  Things are looking good. And PVR posting its first profit this week, after two dark years, is the cherry on the cake…
• SustainKart extends to offline with Flagship Store in Hyderabad
  23 jul 2022,indianretailer.com
  The Hyderabad-based Phygital startup has the vision to foster sustainable, environmentally-conscious habits by changing the spending patterns of Indians on their lifestyle goods…
• CBDC Introduction in Phased Manner for Wholesale, Retail Sectors in the Works: Official
  23 jul 2022,news18.com
  The RBI has been able to conduct a pilot and subsequent issuance of CBDC with the passage of the Finance Bill 2022, the central bank has said…
• Reliance Brands signs long-term distribution agreement with Valentino
  22 jul 2022,retail.economictimes.indiatimes.com
  Through this long-term partnership, Reliance Brands Limited (RBL) will partner with Valentino to open its first boutique in Delhi, followed by a flagship store in Mumbai…
• Uttar Pradesh to see Rs 700 crore investment from Hindustan Unilever by 2025
  22 jul 2022,retail.economictimes.indiatimes.com
  During the inauguration of a spray dried detergent powder manufacturing unit of Hindustan Unilever India in the Harimpur district, Adityanath praised Bunelkhand’s progress, saying that it “is becoming a heaven on earth today,” and that it used to be a place “from where investors used to run away and youth used to flee”…
• ITC likely to exit lifestyle retail segment, says Puri
  22 jul 2022,retail.economictimes.indiatimes.com
  ​Tobacco-to-FMCG-to-hospitality conglomerate ITC is finally exiting the lifestyle business, which it had entered almost two decades back under Wills Lifestyle brand. ITC chairman Sanjiv Puri on Thursday made it clear in no uncertain terms that in all practicality it is exiting the segment…
• PVR Q1 Results: Firm swings to profit after two years; revenue jumps
  22 jul 2022,retail.economictimes.indiatimes.com
  ​Its revenue from operations rose to Rs 981.40 crore in comparison to a lower base of Rs 59.39 crore in the corresponding quarter last fiscal, when the screening business was disrupted due to the second wave of the coronavirus pandemic…
• NRAI to issue advisories to members on service charge declaration on menu, in-store posters, tables
  22 jul 2022,retail.economictimes.indiatimes.com
  This follows the Delhi High Court staying guidelines issued by Central Consumer Protection Authority (CCPA) which prohibited restaurants and hotels from levying service charges on bills…
• Emami acquires 30% stake in a pet-care startup Cannis Lupus Services
  22 jul 2022,retail.economictimes.indiatimes.com
  “The extensive knowledge and experience of pet care and pet training acquired by Cannis Lupus over the years would be helpful in developing and scaling up the business soon. Cannis Lupus under the brand ‘Fur Ball Story’ would thus be focusing on the fast-growing pet care segment with its Ayurvedic range,” the statement added…
• E-commerce enabler GoKwik appoints Amitt Sharma as its chief customer officer
  22 jul 2022,retail.economictimes.indiatimes.com
  ​The company said he would help drive GoKwik’s vision to maximize the value delivery to its clients and would be responsible for creating an enablement layer within the team to scale best practices to fuel growth and retention initiatives…
• Retail spreads its wings, but without much fashion
  22 jul 2022,retail.economictimes.indiatimes.com
  The share of homeware and department stores, entertainment and superstores have increased in overall leasing while the share of fashion and apparel fell significantly to 28% from 41% in the previous quarte…
• ADB cuts India’s GDP growth forecast to 7.2% for this fiscal
  22 jul 2022,livemint.com
  BENGALURU : The Asian Development Bank on Thursday cut its economic growth forecast for India to 7.2% for 2022-23 from 7.5% estimated in April because of higher-than-expected inflation and monetary tightening. It also lowered the GDP growth estimate for 2023-24 to 7.8% from the 8% estimated earlier…
• RIL Q1 results preview: Operating profit likely to record triple-digit growth on robust O2C biz
  22 jul 2022,livemint.com
  In Q1 of this fiscal, spike in petrol and diesel prices are likely to drive RIL’s refining margin which in turn will lead to strong growth in the O2C segment. RIL’s consolidated operating profit may record triple-digit growth due to robust O2C business…
• Is the FMCG sector coming out of the woods?
  22 jul 2022,business-standard.com
  The FMCG sector went through a difficult phase in the last two years. But, after the recent drop in commodity prices, are things looking up for the sector now? Our next report takes a deep dive…
• Skittles complies with local regulations: Mars
  22 jul 2022,retail.economictimes.indiatimes.com
  A spokesperson for Mars Wrigley India said: “While we do not comment on pending litigation, our use of titanium dioxide complies with FDA and local regulations.” The company, which makes Galaxy, Snickers, Twix and Bounty, in the country, said its use of ingredients is “as per defined limits”…
• Domino’s Pizza profit sliced by higher costs, labor crunch
  22 jul 2022,retail.economictimes.indiatimes.com
  The world’s largest pizza chain has had to spend more on ingredients from grains to oil since the Russian invasion of Ukraine, adding to the headaches of a company already grappling with rising freight and labor expenses…
• BIS asks consumers to buy toys bearing ‘ISI mark’
  22 jul 2022,retail.economictimes.indiatimes.comISI mark on a product certifies that product has been manufactured as per standards set by the BIS, which is a national standard setting body that functions under the Consumer Affairs Ministry…
• Retailers bank on festive season to up sales
  22 jul 2022,timesofindia.indiatimes.comBENGALURU: Although trade is on a recovery path, the retail sector, especially shopping malls, is banking heavily on the festival season to boost sales following the pandemic-induced slump…
• House of Candy wants everyone to feel like Charlie in the chocolate factory
  22 jul 2022,yourstory.com
  Delhi-based House of Candy is a confectionery brand that introduced the pick-and-mix concept for candies in India…
• Online retail may hit Rs 4.9-trillion GMV this year: RedSeer report
  22 jul 2022,yourstory.comIn the India e-tailing GMV Index, there is a monthly growth comparison. In 2022, this was 60 per cent higher in April than April 2021…
• Delhi HC stays guidelines that prohibited restaurants from levying service charges
  21 jul 2022,retail.economictimes.indiatimes.com
  The CCPA guidelines issued on July 4 stated that no hotel or restaurant shall add service charge automatically or by default in the bill and that the service charge shall not be collected from consumers by any other name…
• No GST on 14 mass consumption items when sold loose
  21 jul 2022,retail.economictimes.indiatimes.com
  Defending the imposition of 5% GST on food articles such as cereals, rice, flour, pulses and curd, which are pre-packaged and labeled, FM Sitharaman said that it was a unanimous decision of the GST Council last month in which even non-BJP ruled states were present…
• ITC to expand exports of FMCG products to aid growth in revenue, says MD Sanjiv Puri
  21 jul 2022,retail.economictimes.indiatimes.com
  Addressing shareholders in the company’s 111th annual general meeting held virtually on Wednesday, Puri said the company intends to scale up the FMCG portfolio and take these world-class brands to more overseas markets. “At present, we have already inked distribution agreements in 60 countries. Over time, such exports will add a significant contribution to revenue,” he said…
• Emami Agrotech launches spices range across the country, eyes Rs 700-1000 cr revenue in 5 years
  21 jul 2022,retail.economictimes.indiatimes.com

  Emami Agrotech soft-launched its spice range three years back in West Bengal. Commenting on how the business has performed till now, Krishna Mohan Nyayapati, Director of the company said “Except for the time we were impacted by COVID, the brand has been taken up very well. We have ticked all the boxes of the brand being well accepted by the consumer and got the right advertising and distribution mix. We have now ventured into other parts of the country.”…

• Higher customs duty to hit gold jewellery demand this fiscal: Report
  21 jul 2022,retail.economictimes.indiatimes.com
  According to the report, the customs duty hike is likely to lead to higher gold prices for end consumers and may curtail demand in terms of volume, which is likely to fall by 5 per cent this fiscal to 550 tonnes. In the year-ago period, the same stood at 580 tonnes…
• Logistics startup Shipway launched 5-in-1 App to boost shipping capabilities for D2C ecosystem
  21 jul 2022,retail.economictimes.indiatimes.com
  Recently, the Indian eCommerce market has seen epidemic growth. Loads of direct-to-consumer(D2C) companies are entering the market every day. Some of them see the light of the day and become unicorns while some of them get lost in the dark…
• Hatsun Agro breaches Rs 2,000 crore sales mark in April-June quarter
  21 jul 2022,retail.economictimes.indiatimes.com
  Strong sales recovery in the domestic market post the COVID-19 pandemic with good summer sales led to highest ever quarterly sales volume, company chairman RG Chandramogan said in a statement here…
• Swiggy may get Oyo’s Rohit Kapoor to head food delivery business
  21 jul 2022,financialexpress.com
  Prior to working with SoftBank-backed OYO, Kapoor was employed at consulting firm Mckinsey&Co for over 10 years. He has also had a short stint with Max India Limited and group companies…
• Burger Singh raises Rs 30 crore in series A funding round
  21 jul 2022,retail.economictimes.indiatimes.com
  Prior to working with SoftBank-backed OYO, Kapoor was employed at consulting firm The company aims to deploy these funds towards its growth plans to launch an additional 120 food court outlets in FY 23. Also, the brand said the latest funds will be used to expand the business and support existing franchise owners…
• Havells Q1 net profit rises to Rs 243 crore
  21 jul 2022,retail.economictimes.indiatimes.com
  Havells India Chairman and Managing Director Anil Rai Gupta said the company has a “robust revenue growth” in first quarter of FY23 over the corresponding quarter, which was disrupted by the second wave of the pandemic…
• Co-retailing shaping the retail landscape; Developers innovating with the format
  21 jul 2022,financialexpress.com
  One recent concept that is emerging in the Indian context is that of co-retailing, where two or more than two brands share a retail space, thus adding to the lucrativeness of the proposition being offered…
• Gold jewellery retail volumes may fall 5% in FY23: Crisil
  21 jul 2022,fortuneindia.com
  Though higher gold prices will compensate for the volume loss and ensure the industry’s revenue remains flat year-on-year, operating margins would be impacted…
• FM Nirmala Sitharaman clarifies on GST rates on certain items, says decision taken to curb tax leakage
  20 jul 2022,retail.economictimes.indiatimes.com
  Finance Minister Nirmala Sitharaman on Tuesday took to Twitter to clarify the decisions taken by the GST Council in its 47th meeting. The council recommended reconsidering the approach for the imposition of GST on specified food items like pulses, cereals, flour etc…
• HUL Q1 Results: Profit jumps 11% YoY to Rs 2,289 crore, beats estimates; revenue rises 19.5%
  20 jul 2022,retail.economictimes.indiatimes.com
  The company said its Home Care segment delivered 30 per cent growth driven by strong performance in Fabric Wash and Household Care. Both categories grew in high double-digits, with all parts of the portfolio performing well, it said…
• Amul cooperative’s group turnover rises 15 pc to Rs 61,000 crore
  20 jul 2022,retail.economictimes.indiatimes.com
  According to the federation, GCMMF and its constituent member unions registered a group turnover of Rs 61,000 crore in 2021-22, a rise of Rs 8,000 crore compared to Rs 53,000 crore in 2020-21…
• FMCG companies see rural demand revival
  20 jul 2022,retail.economictimes.indiatimes.com
  Edible oil and packaged commodity firm Adani Wilmar reported 10-12% incremental sequential growth so far in July over June. Executives of Emami and RSPL Group, which owns Ghari brand of detergent and Venus soap, said the recovery will gather pace now…
• Indians spending less due to reduced income: Godrej Consumer Products
  20 jul 2022,retail.economictimes.indiatimes.com
  A top executive of GCPL said reduced discretionary spending is a bigger concern than inflation to the Fast Moving Consumer Goods (FMCG) industry. The affected people are rebuilding their savings which got exhausted or decreased on medical or funeral expenses during the pandemic, the executive added…
• HC for Centre’s stand on CCPA guidelines prohibiting restaurants from levying service charges
  20 jul 2022,retail.economictimes.indiatimes.com
  The petition filed by the National Restaurant Association of India (NRAI) challenged the CCPA’s July 4 guidelines which barred hotels and restaurants from levying service charges automatically or by default in food bills…
• Shopify partners with YouTube to shore up sales from content creators
  20 jul 2022,retail.economictimes.indiatimes.com
  The partnership, which builds on an existing one with Google, will allow merchants to integrate their online stores with YouTube, which reaches over two billion monthly users…
• Reducing variability in D2C supply chain with inventory placement solutions
  20 jul 2022,retail.economictimes.indiatimes.com
  Commenting on what D2C supply chains of today are doing differently to offer an improved customer experience, Meghana Narayan, co-founder, Slurrp Farm said that the third party logistics providers and innovations in supply chain have supported the growth of personalisation in D2C…
• Companies make over 25 kg packs to avoid 5% GST
  20 jul 2022,retail.economictimes.indiatimes.com
  The CBIC on Sunday clarified that pre-packaged food items weighing more than 25 kg in a single packet would be exempted from GST. The 5% levy on smaller packets came into effect Monday…
• Inflation and market condition are still concerns; says HUL CMD Sanjiv Mehta
  20 jul 2022,retail.economictimes.indiatimes.com
  “The (FMCG) market volume growth still remains minus 5 per cent in the last three months. It hasn’t gone away. It hasn’t turned positive at all and the value growth is of course 7 per cent,” Hindustan Unilever MD and CEO Sanjiv Mehta said on Tuesday…
• DLF Aims To Double Retail Presence In 4-5Yrs, Building New Malls: Chairman Rajiv Singh
  20 jul 2022,outlookindia.com
  At present, DLF has a retail footprint of 42 lakh square feet comprising eight properties, including malls and shopping centres, mainly across Delhi-NCR…
• Iconic Madame Tussauds wax museum returns, this time in Noida
  20 jul 2022,financialexpress.com
  The house of wax that had closed its doors during the pandemic is now back in business with a fresh perspective and great expectations. Madame Tussauds India reopened at a new location – DLF Mall of India in Noida — on Tuesday, unveiling its wax figures from their earlier venue at Connaught Place…
• Enabling commercial spaces for EVs: Five reasons why
  20 jul 2022,timesofindia.indiatimes.com
  Here is some data to chew on. In its Electric Vehicle Outlook 2022 report, Bloomberg NEF projects that plug-in vehicles are predicted to make up 23% of new passenger vehicle sales globally in 2025…
• Lulu Mall’s parent company has Rs 14,000 crore expansion plans in India
  20 jul 2022,businesstoday.in
  While announcing the launch of the Lulu Mall in Lucknow in February 2018, Yusuffali MA, Chairman and Managing Director of Lulu Group told Prime Minister Narendra Modi that the group has earmarked $2 billion or Rs 14,000 crore for the Indian market…
• Starting with one store, how PVR-backed 4700BC Popcorn expanded to nine countries
  20 jul 2022,yourstory.com
  Chirag Gupta, founder of premium gourmet popcorn brand 4700BC Popcorn, talks about building a premium snacking brand, fighting all odds, and taking the Indian brand international…
• KISNA plans rapid retail expansion across India
  20 jul 2022,retail4growth.com
  Giving a sneak peek of the proposed KISNA store design with a 3D walk-through of the franchise model, as part of its 18th anniversary celebrations at Kisnaya 2022,KISNA Real Diamond and Gold Jewellery revealed that it aims to further strengthen associations with new and existing retailers throughrapid franchise expansion across India in the near future…
• Victoria’s Secret to open physical store in Mumbai, India
  20 jul 2022,retail-insight-network.com
  The retailer plans to expand its store network in the country over the next three to five years…
• Storyboard18 | Future Group’s Pawan Sarda joins farm-to-retail brand Wingreens
  20 jul 2022,moneycontrol.com

  Pawan Sarda, who was Future Group’s chief marketing officer (CMO) quit the company to join D2C-born brand Wingreens as CMO and head of direct-to-consumer…

• Snapdeal’s launch on ONDC next month to cover more than 2,500 cities and towns
  19 jul 2022,retail.economictimes.indiatimes.com
  At the time of launch, more than 2,500 cities and towns across the country will be enabled for access and more cities and towns will be added as per ONDC network expansion during the year…
• Pre-packaged food set to become dearer by 5-8%
  19 jul 2022,retail.economictimes.indiatimes.com
  ​​The levies come at a time when commodity costs had been cooling down, which had led companies to state they would not increase prices further, and on the eve of the festive season when consumption peaks…
• It is boom time for dairy sector; Amul’s Q1 growth is over 36%: MD
  19 jul 2022,retail.economictimes.indiatimes.com
  “Among all the food items, the minimum price increase has happened in milk, only 8-9% in the last one and a half-two years. Amul or the other cooperatives or the dairy sector is also paying around 8% to 9% more price for milk compared to previous year. But then the cost of production of milk for the farmer has increased around 15% to 20% because the cattle feed ingredients.”…
• Mall operators don’t have room for brands with poor sales
  19 jul 2022,retail.economictimes.indiatimes.com
  Listed retailers are expected to post strong double-digit sales growth in the quarter ended June, the first disruption-free quarter for the retail sector after two years of Covid-19 impact in the base quarter…
• The future of food retail is organic
  19 jul 2022,retail.economictimes.indiatimes.com
  Over the last couple of years, the growth in demand for organic foods in India is driving a huge shift in terms of awareness, pricing, and transparency expectations among retail consumers. With consumers today becoming increasingly mindful and conscious about the products they buy, brands and grocers now need to align every stage of the value chain to a discerning market and government regulations…
• Retailers report slow growth rate as inflation starts impacting consumer spending
  19 jul 2022,retail.economictimes.indiatimes.com
  In June 2022, the growth in sales compared to pre-pandemic time (June 2019) is noticeable across regions too with sales in East India growing to 17%,North India showing a growth of 16%, West India indicating 11%, and South India showing a growth of 9%. The headwinds of inflation on consumer spending is still a worry and may impact the upcoming festive fervour, said RAI…
• Reducing variability in D2C supply chain with inventory placement solutions
  19 jul 2022,retail.economictimes.indiatimes.com
  Commenting on what D2C supply chains of today are doing differently to offer an improved customer experience, Meghana Narayan, co-founder, Slurrp Farm said that the third party logistics providers and innovations in supply chain have supported the growth of personalisation in D2C…
• Supply chains inching back to normal brace for headwinds of softer demand
  19 jul 2022,retail.economictimes.indiatimes.com
  Citi cautioned against declaring an “all clear” on the supply front, and there are reasons to doubt whether clogs in the plumbing of global trade will be cleared any time soon — as the following lineup of charts illustrates…
• Victoria’s Secret to launch its first offline store in Mumbai, plans to open 10 stores in 3-5 years

  19 jul 2022,retail.economictimes.indiatimes.com
  The store will be spread across an area of 5,000 square feet and will host three brand categories – Victoria’s Secret which is the flagship lingerie range of the retailer, Victoria’s Secret Beauty which sells perfumes and body care products and Victoria’s Secret Pink which sells intimate wear along with athleisure wear…

• Homegrown cosmetics brands have room for further growth
  19 jul 2022,livemint.com
  Building a brand in the country’s beauty market has historically been harder than building one in its personal care space, where we have seen the mushrooming of many more brands…
• Aero mall to come up at Pune airport
  19 jul 2022,hindustantimes.com
  Pune: Pune airport will set up retail and co-working centre “Aero Mall” at the new building having multilevel car parking facility (MLCP). The shopping mall-cum-co-working space is expected to be launched on October 15…
• SustainKart launches first flagship store in Hyderabad
  19 jul 2022,uniindia.com
  Hyderabad, July 18 (UNI) SustainKart, India’s first ecommerce marketplace for sustainable products, on Monday announced the launching of its maiden flagship store in Hyderabad…
• BlueStone Expands Offline Presence, Opens 100th Store
  19 jul 2022,indianretailer.com
  Across India, the company is now present in 38 cities majorly across Maharashtra, Karnataka, Uttar Pradesh and New Delhi…
• Bhima Jewels expands offline presence, Opens Stores In Hyderabad
  19 jul 2022,indianretailer.com
  Besides the flagship store at Somajiguda and the second store at AS Rao Nagar, more stores will soon come up at Kukatpally, Dilsukhnagar and other locations spread across Telangana and Andhra Pradesh…
• Tanishq expands retail presence in south India with store in Tamil Nadu
  19 jul 2022,fashionnetwork.com
  The new store is spread across an area of 7000 sq ft and houses over 4000 designs across gold, diamonds, solitaires, and platinum…
• V-Mart announces 70% off on select merchandise in ‘Happiness Sale’
  19 jul 2022,fashionnetwork.com
  Gurugram, July 18: Leading value-fashion retailer, V-Mart, has announced its end-of-season sale (EOSS) event applicable to its 392 stores spread across the country. This sale period is a unique opportunity for fashion discerning customers who are looking to refresh their wardrobe at a pocket-friendly price…
• Mango Clocks $1.2B First Half, Looks to Teens for Growth
  19 jul 2022,sourcingjournal.com
  Zara and Pull & Bear parent Inditex saw significant revenue growth of 36 percent to $7.2 billion in the second quarter on $822.6 million in net profit, even as its Russian and Ukrainian operations remains on pause. Chief rival H&M also shrugged off these market closures to reel in $5.3 billion in sales, a 17 percent jump on the prior-year figures on $360 million in profit…
• ‘India’s first shopping mall-cum-coworking facility to come up in Pune’
  18 jul 2022,business-standard.com
  India’s first shopping mall-cum-coworking facility, housing some of the niche retail brands, is expected to be launched in Pune in mid-October, according to Anarock Retail…
• KDM India’s CEO, Nilesh Mali Gets Honoured With Bharat Gaurav Award For Contributing In The Success Of Make In India Campaign
  18 jul 2022,telegraphindia.com
  Nilesh Mali, KDM India’s CEO is one of the most prominent businessmen in India. Ever since he started KDM in 2011, he has been serving the demands of a huge section of the Indian demographic with great quality and economical mobile accessories. With this, he’s not just helping a huge population meet their lifestyle-related demands, he’s also helping the national economy and boosting the Make In India program…
• Supertech puts on sale two hotels, two malls to raise Rs 1,000 crore for completing projects

  18 jul 2022,realty.economictimes.indiatimes.com
  In a statement, Noida-based Supertech Ltd said that the company has put its assets — shopping malls and hotels — in Meerut and Haridwar on sale with the “target of raising funds to the tune of Rs 1,000 crore.”…

• CBIC clarifies ambiguity on GST on pre-packaged items, new rates from Monday
  18 jul 2022,realty.economictimes.indiatimes.com
  Also the clarification said that if several packages intended for retail sale to the ultimate consumer, say 10 packages of 10 Kg each, are sold in a larger pack, then GST would apply to such supply. Such a package may be sold by a manufacturer through a distributor…
• Wine producer Sula Vineyards files IPO papers with Sebi
  18 jul 2022,retail.economictimes.indiatimes.com
  The Nashik-based wine maker is one of the fastest growing alcoholic beverage companies in India as of March 31, 2021 and has grown at a CAGR of 13.7 per cent between fiscals 2011 and 2021, according to Technopak report as mentioned in the DRHP…
• Electronic industry given option to declare some mandatory details on package via QR code
  18 jul 2022,retail.economictimes.indiatimes.com
  The additional mandatory declarations such as the address of the manufacturer or packer or importer, the common or generic name of the commodity, the size and dimension of the commodity and customer care are allowed through QR code…
• Flour, pre-packed food to attract 5% GST
  18 jul 2022,retail.economictimes.indiatimes.com
  Flour, curd and pre-packed food items are set to get costlier from Monday as the customers will have to pay 5 per cent GST on them…
• Festive hiring spurts 25-30% after 2-year gap
  18 jul 2022,retail.economictimes.indiatimes.com
  Most of the staffing is for last-mile delivery, supply chain, warehousing, customer service and manufacturing. “We are hiring across a wide range of roles in supply chain, such as sorter, picker, data entry operator and delivery executives,” said a spokesperson for online fashion, electronics and household products platform Flipkart…
• Grameen e-Store’s turnover jumps 100% to Rs 581 crore
  18 jul 2022,retail.economictimes.indiatimes.com
  ​​“In 2021-22, we enabled and turned more than 3.16 lakh village level entrepreneurs (VLEs) of CSC to turn into Grameen e-store. Of that, nearly 1.25 lakh were regularly active and placed orders for various products from distributors,” a senior government official said…
• Ensuring faster D2C deliveries with analytics and warehouse management
  18 jul 2022,retail.economictimes.indiatimes.com
  Presenting his views, Shankar Prasad, founder and CEO, Plum Goodness, said that with 3PL the evolution has been quite heartening. From the initial horizontal expansion of adding more pin codes to developing the ability to process returns, there have been a lot of technology based interventions in the industry, said Prasad adding that “What we need is same day delivery to be democratized.”…
• Consumer sentiment among urban Indians dips in July: Survey
  18 jul 2022,livemint.com
  NEW DELHI: Consumer sentiment among urban Indians dipped in July after showing improvement in June, according to the monthly India Refinitiv-Ipsos Primary Consumer Sentiment Index released Friday…
• Q1 GDP growth seen at 14-15% on services’ revival
  18 jul 2022,retail.economictimes.indiatimes.com
  The median estimate in the poll of 10 economists was 14.43%. It pegged FY23 growth at 7.2-7.6%. The Reserve Bank of India (RBI) has forecast 16.2% GDP growth for the first quarter and 7.2% for the fiscal year…
• Brands now rope in regional influencers to win over small towns, villages
  18 jul 2022,retail.economictimes.indiatimes.com
  Influencer marketing is changing the rules of brand outreach as social media has emerged as one of the primary influences for people in non-metro regions to make buying decisions, experts said…
• Footwear brand Plaeto raises funds from Florintree, others
  18 jul 2022,livemint.com
  MUMBAI : Bengaluru-based Plaeto, a D2C footwear brand for children, has raised Rs40 crore in a Series A round of funding led by former Blackstone India private equity co-head Mathew Cyriac’s Florintree Advisors and other investors…
• Tea producers reinvent business, adapt online blend for consumer connect
  18 jul 2022,business-standard.com
  Data available on the Tea Board website showed that India’s production in 2020-2021 had stood at 1,283.03 million kg and volumes at the auctions were around 547 mkg…
• MeitY flags revenue dept’s move to levy customs duty on phone display parts
  18 jul 2022,retail.economictimes.indiatimes.com
  The seeming differences in views between the two departments, government and industry executives say, is relevant for duty evasion notices that the Directorate of Revenue Intelligence (DRI) has served on Chinese smartphone majors Oppo and Vivo…
• Metro AG: In deal season, German cash & carry chain feels the heat in India
  18 jul 2022,business-standard.com
  The low-profile German cash & carry chain is suddenly finding itself at the centre of controversy as negotiations for the sale of its India business get underway…
• Desi e-tools aiding financial inclusion
  18 jul 2022,business-standard.com
  NEW DELHI: India has witnessed a revolution in the digital payment space aided by the massive adoption of smartphones. The demonetisation move announced by the Centre in 2016 and the Covid-19 pandemic have triggered deeper acceptance of digital modes of payment and led to faster financial inclusion across the country…
• This woman entrepreneur started up in her 40s and built a Rs 40 Cr turnover global ethnic wear brand
  18 jul 2022,yourstory.com
  Started in 2010 by entrepreneur Sheetal Kapoor and her husband Sandeep, Delhi-based Shree is a global Indian ethnic wear brand, with over 100 stores across India and Dubai…
• Oberoi Realty posts net profit of Rs 403.08 crore in Q1 FY23
  16 jul 2022,realty.economictimes.indiatimes.com
  The company’s net consolidated income stood at Rs 934.81 crore in Q1 FY23, a growth of 217 per cent from Rs 294.77 crore it recorded in the similar quarter last year…
• Egrocer BigBasket’s revenue crosses Rs 7,000 crore in FY22, losses jump four times
  16 jul 2022,realty.economictimes.indiatimes.com
  Its total expense jumped 26% on year to Rs 7,931 crore in FY22. BigBasket runs on an inventory-led model and its biggest expense was the cost of goods, which increased 7% to Rs 5,807 crore…
• LG Electronics becomes the leader in dual inverter AC market
  16 jul 2022,realty.economictimes.indiatimes.com
  The achievement comes at a time when LG has committed to invest into manufacturing of AC components like compressors and heat exchangers in India under the government’s flagship Production Linked Incentive (PLI) scheme. This will be the first time the company will be manufacturing these components in the country. Deepak Bansal, vice president (home appliances and air conditioner) at LG Electronics India said, LG was the first company to shift its entire AC product portfolio to inverter technology way back in 2016…
• Xiaomi India elevates Murlikrishnan B to president, Raghu Reddy made sales head
  16 jul 2022,retail.economictimes.indiatimes.com
  Murlikrishnan B, who was the chief operating officer, will now be responsible for the day to day operations, services, public affairs, strategic projects, India’s smartphone market leader said in a statement Friday…
• Nokia phone maker HMD to focus on affordable 5G market in India: Florian Seiche, CEO
  16 jul 2022,retail.economictimes.indiatimes.com
  Nokia phone maker HMD to focus on affordable 5G market in India: Florian Seiche, CEO…
• KFC appoints Moksh Chopra as GM, India, Nepal, Bangladesh, Sri Lanka, Maldives
  16 jul 2022,livemint.com
  NEW DELHI: Fast food chain KFC India on Friday announced the appointment of Moksh Chopra as the chain’s general manager in India, Nepal, Bangladesh, Sri Lanka and Maldives, effective 15 July…
• Relief for FMCG cos as input prices ease
  16 jul 2022,livemint.com
  NEW DELHI : Cooling commodity prices are expected to ease the pressure on packaged consumer goods companies, which have taken a series of price hikes to protect margins, company executives and industry analysts said, even though consumers will have to wait longer for relief…
• Amazon reducing its private-label items as sales fall – WSJ
  16 jul 2022,retail.economictimes.indiatimes.com
  The company has also discussed the possibility of exiting the private-label business entirely to alleviate regulatory pressure, the report added. Amazon, however, said it has never considered closing the private label business…
• Gartex Texprocess joins hands with Maskati Cloth Market Mahajan
  16 jul 2022,retail.economictimes.indiatimes.com
  Messe Frankfurt Trade Fairs India and MEX Exhibitions have announced their association with FABEXA, an arm of Ahmedabad’s nodal textile trade body Maskati Cloth Market Mahajan for the Delhi edition of Gartex Texprocess India 2022…
• Uniqlo owner posts record quarterly profit, lifts annual forecast
  16 jul 2022,retail.economictimes.indiatimes.com
  Operating profit for the three-month period to the end of May jumped 37% from a year earlier to 81.8 billion yen ($587.4 million), an all-time high, the company said in a statement, as it lifted forecasts for sales and earnings for the full fiscal year…
• Skincare brand Inde Wild enters India in partnership with Nykaa
  16 jul 2022,retail.economictimes.indiatimes.com
  The launch comes amid a slew of international beauty brands like Canada-based The Ordinary also entering the domestic market in partnership with Nykaa…
• Voltas sells close to 1.2 million units of AC in the first half of 2022
  16 jul 2022,retail.economictimes.indiatimes.com
  The company registered over 60 per cent volume growth in AC sales during the period H1 CY22, and a “triple digit volume growth” in Q1 FY23, it added…
• Bluestone opens its 100th retail store in India
  16 jul 2022,fashionnetwork.com
  Leading fine jewellery brand Bluestone has strengthened its retail presence with the launch of 100th store in City Centre in Siliguri, West Bengal…
• Nilesh Mali’s brand KDM offers affordable lifestyle products to remote Indian markets
  
  16 jul 2022,indiatoday.in
  Nilesh Mali is one of the biggest businessmen in India. His story from rags to riches is just incredible, and the way he has moved towards success step by step is an inspiration to many. The genius entrepreneur based in Jalour, Rajasthan came to Mumbai when he was very young. Being from a humble background, he didn’t have strong options and hence, started doing odd jobs at retail shops. Taking small but strong steps from there, he started his own company named KDM in 2011…
• M3M India, a game changer in luxury, residential and retail sector
  16 jul 2022,indiatoday.in
  Gurugram: The real estate sector has witnessed significant growth in both the residential as well as commercial sector in the year 2021-22…
• Retail Samvad Industry Leaders Advocate for an Industry Status and an Integrated Retail Policy for the Retail Sector in India
  16 jul 2022,theweek.in
  In continuation of its efforts to future-proof small retailers, Kiranas and MSMEs through constructive policy-making, the Federation of Indian Chambers of Commerce & Industry (FICCI) and the Center of Policy Research…
• Bhima Jewels Opens Stores In Hyderabad; Plans Rs 1000 Cr Investment
  16 jul 2022,theweek.in
  Hyderabad : Bhima Jewels, the leading retailer in Gold & Diamond Jewellery, with over 50 stores across India & UAE, has opened two State-of-the-art jewellery retail outlets in Hyderabad, the City of Pearls. Malla Reddy, Minister for Labour and Employment, inaugurated the store…
• Singapore’s GIC to invest Rs 2,800 crore in Bhartiya Group’s Bengaluru project
  15 jul 2022,realty.economictimes.indiatimes.com
  The Bhartiya Group will use the money to repay part of its debt, they said. “The firm has a debt of over Rs 1,000 crore against the commercial development,” said one of the persons cited earlier…
• Adani Group to buy land from K Raheja Corp for Rs 1,500 crore
  15 jul 2022,realty.economictimes.indiatimes.com
  In February 2021, Adani Group’s flagship company Adani Enterprises entered into a 50:50 joint venture with EdgeConneX to develop and operate data centers throughout India…
• Colliers appoints Peush Jain as managing director for office services
  15 jul 2022,realty.economictimes.indiatimes.com
  “Peush will focus on leasing, tenant representation, portfolio assessment and acquisitions for occupiers,” said Ramesh Nair, CEO, India, Colliers…
• Marico expects better demand, margin in H2FY23 on likely cooling of commodity prices
  15 jul 2022,realty.economictimes.indiatimes.com
  On the margin front, Marico, which has oil brands such as Saffola and Parachute in its portfolio, said there is “some degree of comfort” given that copra price, which constitutes about half of its raw material basket, is expected to remain benign…
• Four Dabur brands cross Rs 1,000 crore sales and two over Rs 500 crore
  15 jul 2022,realty.economictimes.indiatimes.com
  The four brands are Dabur Amla, Dabur Vatika, Dabur Red Paste and juice brand Real. For the financial year ended on March 31, 2022, Dabur India’s revenue from operations was at Rs 10,889 crore, witnessing the highest annual revenue growth in the last eight years…
• CBIC brings simplified regulatory framework for e-commerce jewellery exports via courier
  15 jul 2022,retail.economictimes.indiatimes.com
  The simplified regulatory framework for e-commerce exports of jewellery through courier mode has been issued on June 30 by the Central Board of Indirect Taxes and Customs (CBIC) in the form of a Standard Operating Procedure (SOP)…
• Wipro Consumer Care forays into packaged food business
  15 jul 2022,retail.economictimes.indiatimes.com
  Wipro Consumer Care & Lighting CEO Vineet Agrawal said, “Our decision to enter packaged food business would complement our existing categories in personal care, thus building a complete offering in the FMCG space in India.”…
• Spices to soaps: Prices of consumer items have spiked up to 32% in a year
  15 jul 2022,business-standard.com
  Consumer-focused companies have been left with few options but to increase the prices of their products as input costs mount because of various factors, including supply chain disruptions. This has been affecting monthly household budgets…
• Flipkart ventures into NFTs with Nothing’s airdrop
  15 jul 2022,livemint.com
  Nothing is a UK- based consumer electronics brand which launched its first smartphone Nothing Phone 1 this week. To create hype around the launch, the company has released an NFT collection called Nothing Community Dots and is using the Polygon blockchain to host it…
• India’s June WPI inflation comes in at 15.18%
  15 jul 2022,retail.economictimes.indiatimes.com
  The high rate of inflation in June, 2022 is primarily due to rise in prices of mineral oils, food articles, crude petroleum & natural gas, basic metals, chemicals & chemical products, food products etc. as compared to the corresponding month of the previous year…
• Footwear brand Neeman’s conversion rates increase 30% post GoKwik partnership
  15 jul 2022,retail.economictimes.indiatimes.com
  Conversion rate is the percentage of visitors to an e-commerce website and buying products. On average, the conversion rate for most e-commerce sites is about 3% globally. Neeman’s entered into a partnership with Sequoia-backed GoKwik in July last year to use the latter’s technology in improving conversion rates and boosting profitability…
• The 10-minute delivery creates massive competition for those in the Food & Beverages industry
  15 jul 2022,retail.economictimes.indiatimes.com
  In India, the industry has always been considered a highly competitive market. Nowadays, as technology advancements are emerging with new trends, the industry is evolving with new products and services. The average cooking time is about 15-20 minutes for quick snacks, brands will not be able to reduce that, since consumers expect fresh food and this will always be the imperative factor for any cloud kitchen or restaurant…
• Tata Consumer Products enters honey and preserves segment through Himalayan brand
  15 jul 2022,retail.economictimes.indiatimes.com
  “In line with the brand credentials, both these new product offerings are being sourced from the Himalayan belt,” the Tata group’s FMCG arm said in a statement…
• Funskool to manufacture Chhota Bheem toys in India
  15 jul 2022,retail.economictimes.indiatimes.com
  R Jeswant, CEO – Funskool India Ltd said, “We are excited to add Chhota Bheem to our well established manufacturing and distribution capabilities. Our existing scale and distribution network establishes an ideal platform to achieve the full potential of Chhota Bheem in India and will address the significant unmet needs of the portfolio of products.”…
• Necessary info on QR code compulsory on packaging of electronic goods
  15 jul 2022,retail.economictimes.indiatimes.com
  If not mentioned as QR code, the information should be part of the packaging, said the rules called the Legal Metrology (Packaged Commodities) (Second Amendment) Rules, 2022, notified by the ministry. These shall come into force right away…
• Inside India’s quest to ride quantum wave
  15 jul 2022,livemint.com
  NEW DELHI : If India achieves its target of about 30 million electric vehicles in the next two years, it will also need many more electric charging stations. But how does one identify the best location for these stations? Should they be placed at existing gas stations, malls, or metro stations?…
• M3M India: A dominant player in luxury, residential and retail sector
  15 jul 2022,timesofindia.indiatimes.com
  Gurugram: The real estate sector has witnessed a significant growth in both the residential as well as commercial sector in the year 2021-22. According to IBEF report…
• The Story of Nykaa, India’s Best Beauty Retail Platform
  15 jul 2022,inventiva.co.in
  The value of the Indian cosmetics market, which was $1.3 billion in FY2020, is expected to increase by a double-digit CAGR of 16.39 per cent through FY2026 to reach $2.89 billion…
• Raymond appoints Atul Singh as executive vice chairman of the Group
  14 jul 2022,retail.economictimes.indiatimes.com
  Singh is a consumer industry veteran with over 35 years of experience leading multi-billion dollar businesses across several geographies globally. He had worked with Coca-Cola for about two decades at several senior leadership positions and concluded his journey there as Chairman, Asia Pacific and spearheaded businesses across 25 countries…
• Dabur buys entire stake in Asian Consumer Care
  14 jul 2022,retail.economictimes.indiatimes.com
  Dabur held 76% in the firm before acquisition of the remaining 24% held by Advanced Chemical Industries through Dabur International. The company has acquired 24% for Rs 60 crore Bangladeshi taka which, according to the present exchange rate, comes to around ₹51 crore…
• Retail majors may see best quarter since Covid
  14 jul 2022,retail.economictimes.indiatimes.com
  While footfalls remained below the pre-Covid levels in the June quarter, price increases and bigger purchase sizes boosted sales of marketers, analysts and retailers said…
• India one of the key markets, says Nothing’s Carl Pei
  14 jul 2022,retail.economictimes.indiatimes.com
  Speaking to ET, Pei said that being a small player offers Nothing an opportunity in the smartphone market. He added that his biggest learning from his past stint with OnePlus was product differentiation.”India is really important to us…we have a very good relationship with Flipkart. So, India will be in the first wave of launch countries. It is definitely one of the key markets,” Pei said…
• The hype around Q-commerce
  14 jul 2022,retail.economictimes.indiatimes.com
  What used to once take 30-45 mins for delivery is now being delivered in 10-20 mins. “Zepto”, the new wonder kind on the block created this “quick commerce” model to ensure that the goods are delivered in the fastest instance – by setting up mini-warehouses in neighborhood clusters, thereby making quick milk-runs possible…
• New Amazon shopping cart lets users scan & pay to skip checkout lines
  14 jul 2022,retail.economictimes.indiatimes.com
  “We’ve built the updated version of the Dash Cart to continue to offer the features people love most, like real-time receipts and the ability to weigh produce directly in the cart’s basket, alongside new conveniences and behind-the-scenes technology advancements,” said Dilip Kumar, Vice President, Physical Retail and Technology…
• Inflation in India to be about 5% by March 23
  14 jul 2022,retail.economictimes.indiatimes.com
  “The two have been moving together post February’22 (since the starting of Russia-Ukraine conflict). However, in the recent months demand led CPI inflation has moved up a bit, while supply led CPI inflation continues to moderate,” the SBI said…
• India’s manufacturing exports to reach $1 trillion by FY28: Report
  14 jul 2022,retail.economictimes.indiatimes.com
  The six sectors driving export growth will be chemicals, auto, electronics, pharmaceuticals, textiles and industrial machinery…
• Ensuring faster D2C deliveries with analytics and warehouse management
  14 jul 2022,retail.economictimes.indiatimes.com
  Presenting his views, Shankar Prasad, founder and CEO, Plum Goodness, said that with 3PL the evolution has been quite heartening. From the initial horizontal expansion of adding more pin codes to developing the ability to process returns, there have been a lot of technology based interventions in the industry, said Prasad adding that “What we need is same day delivery to be democratized.”…
• Seracle launches Web3 NFT infrastructure for brands to boost marketing activities with customised marketplaces
  14 jul 2022,retail.economictimes.indiatimes.com
  Globally, consumer goods companies including Coca-Cola, AB InBev, Procter and Gamble have been experimenting with NFTs and the metaverse. Even in India, companies such as Titan and Mahindra & Mahindra have entered into the metaverse, using metaverse-related tools to expand their operations to the digital world…