RETAIL MARKET
How ICC Men's T20 World Cup resonates with India's capital markets India's capital markets' resilience mirrors the T20 World Cup win. Market capitalization surpasses USD 5 trillion with 160 million Demat accounts. Mutual fund equity assets support BFSI and automotive earnings. The Modi-led government ensures econom...
15 Jul, 2024, 11.54 AM ISTIt’s time that the stock market is made accessible to retail investors without the risk of punting or trading Households will not, and should not, resort to stock trading as their tool to manage surplus funds. Many retail investors are still unable to deftly book losses and keep the focus on the capital and its protection. They are still product-oriented an...
15 Jul, 2024, 06.30 AM ISTBengaluru’s retail stock to touch 20-30 million sq. ft. by 2030 By June 2024, Bengaluru's retail stock reaches 16 million sq. ft., second in India, with 67.6 million sq. ft. nationally. Expected to grow to 20-30 million sq. ft. by 2030, driven by malls, brand awareness, incomes, entertainment, and fashion. Karna...
10 Jul, 2024, 02.07 PM IST- ADVERTISEMENT
Mobile phone retailers call out rampant fraud, press no on easy EMIs for phones Mobile phone retailers are calling for an end to financing schemes after reporting 10-12 per cent fraudulent purchases. They are advocating for open-box deliveries and biometric verification to prevent misuse. Apple is aware of the issue, but no sig...
09 Jul, 2024, 08.02 PM ISTEquity market investors: A new powerful political constituency India's financial shift includes 13.6 crore investors, about 10% affluent, driven by SEBI and smartphones. Participation extends beyond Maharashtra and Gujarat to states like Uttar Pradesh and Madhya Pradesh. Individual investor opinions shape econo...
09 Jul, 2024, 02.00 PM ISTReliance Retail's gearing up to do a Decathlon Reliance Retail plans a sports format to rival Decathlon, targeting 8,000-10,000 sq ft spaces with play areas post-Covid. Athleisure demand surged, filling a retailer gap in India. Leading sports brands saw 35-60% sales growth since FY21. Decathlon'...
09 Jul, 2024, 12.22 AM IST15 places to buy Amazon liquidation pallets in the USA Discover reputable companies offering Amazon liquidation pallets with a wide range of products at competitive rates. From electronics to household essentials, these top 15 companies provide quality goods for wholesalers, retailers, and bargain hunte...
04 Jul, 2024, 05.46 PM ISTTitan Eye+ to resume expansion strategy amid growing eyewear market Titan Eye+, an eyewear retailer, will resume network expansion from July. The company, an arm of Titan, has over 900 stores across 350 cities and recorded earnings of Rs 707 crore in fiscal year 2023-24. The company is aiming to expand its premium e...
26 Jun, 2024, 05.33 PM ISTReliance Retail sets the ball rolling on delivery in an hour, starts pilot service in Mumbai, Navi Mumbai Reliance Retail's Mumbai delivery service aims for quick fulfillment in 30-45 minutes, integrating with kirana stores for wider reach. The company is utilising tech platforms like FYND and Locus for efficient operations.
26 Jun, 2024, 01.07 PM ISTIt was ‘closing’ time for many retailers in FY24; V-Mart, W, Aurelia among cos that downed more shutters Retail chains like Pantaloons, Spencer's Retail, and Nature's Basket have closed down more stores in 2023-24 than they opened new ones, leading to a drop in their total store count. V-Mart Retail, W, Aurelia, and Titan Eye+ had higher store closures...
19 Jun, 2024, 12.35 AM ISTStop, thief! Retail giants are facing a new 'lifting' problem - not just from customers, but also staff & vendors Indian retail faces increasing shrinkage issues due to thefts and errors, with Trent Ltd reporting a rise in shrinkage to 0.41% of sales in FY24. V-Mart Retail's shrinkage increased from 0.4% to 0.5% in the same period.
15 Jun, 2024, 10.45 AM ISTIndians get hooked on 10-minute grocery apps, squeezing small retailers India's quick commerce boom is reshaping how Indians shop, with Swiggy leading the charge in the fast-paced delivery game. The SoftBank-backed company's grocery warehouse in a middle-class suburb of Mumbai operates with precision, aiming to deliver ...
11 Jun, 2024, 07.15 AM ISTAs retail sales growth slow, retailers to cut deep discounts to drive profits Retailers like Aditya Birla Fashion and Retail, Arvind, and V-Mart are avoiding deep discounts to boost profits. Madura Fashion reduced discounts by 500 basis points in the previous fiscal year to drive profitable growth. Madura Fashion manages bran...
03 Jun, 2024, 12.41 AM ISTTrent plans global retail push after acing it in India Noel Tata-led Trent is venturing into international markets with a flagship store in Dubai, targeting the Indian diaspora. Zudio, a key brand, has surpassed ₹7,000 crore in revenue in India. The company experienced another year of substantial growth...
03 Jun, 2024, 12.31 AM ISTRetail cos, QSRs expand at slowest pace in 5 years Retailers and quick-service restaurant chains in India experienced the slowest pace of store expansion in five years at 9%, with 33,219 stores as of March 31. In FY23, the number was 30,551, up 18% from the previous year. These companies added 2,700...
30 May, 2024, 11.19 AM ISTNext disruption? Reliance’s JioMart to enter quick commerce space to take on Blinkit, Zepto and others Reliance Industries, led by Mukesh Ambani, plans to enter India's quick commerce sector, aiming to compete with Blinkit, BigBasket, Instamart, and Zepto. Initially targeting 7-8 cities, JioMart aims to expand to over 1,000 cities. Unlike rivals, it ...
29 May, 2024, 12.49 PM ISTPost-pandemic, Indians shopped...till they dropped (in FY24) Pent-up demand post-Covid led to booming sales in athleisure wear and lifestyle products. Kumar Rajagopalan notes the unsustainable high growth post-pandemic and the impact on consumer spending.
25 May, 2024, 05.30 AM ISTDubai-based Pluugin e-commerce plans expansion in India, create 2,000 jobs in 3 years Dubai-based Pluugin E-commerce plans to expand in India, aiming to create over 2,100 jobs in three years and achieve full pan-India coverage within 12 months. India will also serve as the backend office for operations in Bangladesh, Nepal, and Sri L...
21 May, 2024, 05.15 PM ISTReliance Retail partners with UK-based fashion retailer ASOS India's largest retailer, Reliance Retail, has signed a long-term licensing agreement with UK's leading online fashion retailer ASOS, bringing the brand to India. Reliance Retail will be the exclusive retail partner for ASOS across all online and of...
16 May, 2024, 05.12 PM ISTA big consumer tide is coming to India. Who all will rise? India is poised to become the world's third-largest consumer market by 2026, surpassing Germany and Japan. UBS forecasts a doubling of affluent individuals with annual incomes exceeding $10,000 to 88 million by 2028. Household spending per capita in...
07 May, 2024, 06.08 PM IST