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Retail industry sees 19% rise in sales during Apr-Nov 2022: Report

"The industries that did particularly well during this period were the QSR (quick service restaurant) and the footwear industries, with a 30 per cent growth compared to 2019," RAI said...

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Cinepolis Acquires 35,000 sq. ft. Area At Migsun Migente Mall

Famous cinema brand, Cinepolis, has acquired a robust 35,000 sq. ft. area at Migsun Migente Mall, Raj Nagar Extension, Ghaziabad. With the aim of setting up 4 screens at the projects,...

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How Bright is the Future of Retail in India

Will this volatility affect the Indian consumer durable market? The Indian retail industry is undergoing major changes currently. It has much to do with the boom in e-commerce and a sharp decline in physical retail space for many product categories...

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Reliance to acquire Metro AG's India business for Rs 2,850 crore

Through this acquisition, Reliance Retail will get access to a network of Metro India stores located in prime locations across key cities, along with a large base of registered kiranas and other institutional customers, and a strong supplier network...

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Statiq launches fast EV charging station in Amritsar in partnership with Nexus Malls

Electric vehicle charging services provider Statiq in association with Nexus Malls on Wednesday launched its first EV charging station in Amritsar at Nexus Amritsar Mall...

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M3M India buys 350-acre land in Haryana for 1,500 cr; to develop township of 2,700 cr

Real estate developer, M3M India has acquired 350-acre land in Panipat, Haryana for ₹1,500 crore. The company is set to pump in further ₹1,200 crore to develop an integrated township...

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New assets, expansion to drive growth for mall firm Phoenix Mills

The company expects to expand its operational mall space in retail to about 13 million square feet by FY26, compared to 6.9 million square feet now...

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Retail sales grow 15% in Nov over pre-pandemic level; wedding season leads to spike in jewellery, footwear sales

“October and November witnessed a 17% growth, which is welcome but can’t be termed as spectacular. Inflation-led worries have...

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India's 1st retail REIT public offer: Blackstone-backed Nexus files for USD 500 mn IPO

Nexus Select Trust has a portfolio of 17 operational shopping malls across 14 major cities, covering about 10 million square feet of area valued at around USD 3 billion...

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The Phoenix Mills acquires 7.22 acre land for Rs 510 crore in Surat

Thoth will develop a retail destination with gross leasable area of approximately 1 million sq ft and currently expects to complete the retail development by FY27...

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AMR Planet Mall Launched by Ideal Multiplex

The AMR Planet mall is situated in Moulali and is spread over 220,000 sq ft with over 40 retail stores. The mall also has a food...

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PacificPrestige Group to invest Rs 10,000 crore for commercial development in Bengaluru

The company will launch over 12,000 residential units across India in the next three months. Aims to double its retail portfolio over three years...

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Pacific Group rewards THE CHAMPIONS OF RETAIL on Retail Employees Day in its malls in Delhi and Dehradun

On the occasion of Retail Employees Day, celebrated every year on 12th December, one of the largest players in India’s retail mall space, Pacific Group, recently organised a special...

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Lulu Group to open 6 shopping malls, 1 five-star hotel in Uttar Pradesh

The Uttar Pradesh government on Tuesday signed a memorandum of understanding (MoU) with hypermarket and retail giant Lulu Group to set up six shopping malls and one hotel in the state..

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FMCG Sector to Witness 7 to 9 pc Growth, Volume to Grow 1-2 pc

Revenue from the fast-moving consumer goods (FMCG) sector will grow 7-9 percent this fiscal compared to the 8.5 percent growth the sector witnessed last year, primarily driven by price hikes...

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Rents rise as malls see brisk business

With business in malls now overtaking the pre-pandemic levels, operators are renegotiating rents and asking for a higher share of revenues from retailers and brands...

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