SCAI DOSSIER

• SCAI Dossier Newsletter – December 10, 2024
Driven by the retail sector's unprecedented growth amid favourable economic factors and rising affluence, mall vacancies in India are now at just 8.3 per cent, down from 15.5 per cent in 2021 as demand continually outstrips supply, according to a report on Monday...read more


• SCAI Dossier Newsletter – November 25, 2024
High revenue growth last fiscal was driven by full-year contribution of malls launched towards the end of fiscal 2023, supplemented by the half year impact of those that were launched by mid last fiscal; on a like-to-like basis, revenue growth remained stable at ~5%...read more


• SCAI Dossier Newsletter – November 10, 2024
India's food safety regulator, FSSAI, has revised antibiotic residue norms for meat, milk, poultry, eggs, and aquaculture to combat growing antimicrobial resistance. Effective from April 2025, the new limits aim to ensure safer food products by setting stricter contaminant limits, amid rising concerns over antibiotic misuse in agriculture and healthcare...read more


• SCAI Dossier Newsletter – October 25, 2024
India will begin sourcing all its mobile phones locally by fiscal year-end. Apple started producing iPhone Pro and Pro Max models in India, and Google will manufacture Pixel phones domestically. This reduces the need for imports. Samsung and other brands already make their devices in India. This move supports the government's electronics production targets...read more


• SCAI Dossier Newsletter – October 10, 2024
Noel Tata-led Trent has launched Zudio Beauty, a new affordable beauty store, aiming to compete in the mass-priced beauty market. The first store opened in Bengaluru, with plans to expand to more cities. Zudio's success in the apparel sector hints at further growth in beauty retail...read more


• SCAI Dossier Newsletter – September 25, 2024
Reliance's Mukesh Ambani has revived the Campa Cola brand to challenge Coca-Cola and PepsiCo in India. By offering products at half the price, Reliance aims to disrupt the market. This move has prompted Coca-Cola and PepsiCo to accelerate promotions, although they have yet to cut prices...read more


• SCAI Dossier Newsletter – September 10, 2024
The IT hub recorded an increase in industrial and logistics leasing by 68 per cent, between January and June this year, stated a report released on Friday by a real estate consulting firm...read more


• SCAI Dossier Newsletter – August 25, 2024
Karan Dhillon, Principal, Dhillon Group speaks about launching the country’s first drive-thru Starbucks, Uniqlo’s first highway store and more...read more


• SCAI Dossier Newsletter – August 10, 2024
Brigade Group reported a total revenue of Rs 1,113 Crores and Profit After Tax of Rs 81 Crores in Q1 FY25. Pre-sales bookings in the real estate segment of Q1 FY25 stood at 1.15 Mn. Sft, with a sale value of Rs 1086 Crores. Average realisation stood at Rs 9,483 per Sft...read more


• SCAI Dossier Newsletter – July 25, 2024
Inditex is set to introduce its youth fashion brand, Bershka, to the Indian retail market on 1st November, with the first store opening at Mumbai’s Phoenix Palladium mall. This marks Bershka’s debut in India, following the successful launches of Zara and Massimo Dutti...read more


• SCAI Dossier Newsletter – July 10, 2024
Signature Global, amongst the leading real estate development companies in India with a well-established brand in Delhi-NCR, achieved pre-sales of INR 31.2 billion in Q1 FY25 with year-on-year growth of 255%...read more


• SCAI Dossier Newsletter – June 25, 2024
The Indian real estate developer added its board has approved the monetization of its hospitality assets through a share issue and has formed a sub-committee to oversee the process...read more


• SCAI Dossier Newsletter – June 10, 2024
Phoenix Mills Limited (PML), retail-led mixed-use asset developer and operator of Phoenix Malls across the country, including Mumbai, may come up with a third mall in the Mumbai Metropolitan Region (MMR) in Thane and perhaps a hotel there...read more


• SCAI Dossier Newsletter – May 25, 2024
Abu Dhabi based Lulu Group International, one of the biggest retailers and known for its chain of shopping malls, Hypermarkets and Food Processing Centres spread across Middle East, Far East and Africa is starting a Logistics and Food Processing Centre in the city of Amritsar in Punjab...read more


• SCAI Dossier Newsletter – May 10, 2024
Bhumika Group, Rajasthan's largest mall developer, expanding retail spaces in NCR. Urban Square Mall in Udaipur fully occupied with top brands. Second phase launch imminent, reflecting strong industry credibility and financial stability...read more


• SCAI Dossier Newsletter – April 25, 2024
Spread over 1.3 acres in prime Haji Ali locality, the mall is expected to make way for an around 50-storey sea-view superstructure with nearly 250,000 sq ft development potential...read more


• SCAI Dossier Newsletter – April 10, 2024
Signature Global (BSE: 543990 | NSE: SIGNATURE), amongst the leading real estate development companies in India with a well-established brand in Delhi-NCR, achieved its best ever quarterly and annual pre-sales performance of INR 41.4 billion and INR 72.7 billion respectively with year on year growth..read more


• SCAI Dossier Newsletter – March 25, 2024
Prestige Group's project spans over 10 million sq ft of saleable area, with a projected gross development value (GDV) surpassing Rs 10,000 crore...read more


• SCAI Dossier Newsletter – March 10, 2024
Signature Global (India) is expecting to cross pre-sales of Rs 7,200 - Rs 7,500 crore by the March 2023-end and is looking to achieve a target of Rs 9,500 crore pre-sales in FY25...read more


• SCAI Dossier Newsletter – February 25, 2024
Leading real estate developer Brigade Group, has announced expansion plans in the residential and hospitality sectors in Chennai...read more


• SCAI Dossier Newsletter – February 10, 2024
The report reveals a robust growth in food and beverage sales at 7.08 per cent on a weighted average basis, with the North region again leading at 13.09 per cent. Whereas, entertainment sales have experienced a moderate growth rate of 6.67 per cent on a weighted average basis, with the North region achieving a 9.70 per cent growth...read more


• SCAI Dossier Newsletter – January 25, 2024
Gone are the days of mindless consumption solely driven by price tags and fleeting trends. Today's shopper is more informed, more empowered, and more ethically conscious than ever before...read more


• SCAI Dossier Newsletter – January 10, 2024
Signature Global Reports 47% Increase In Realty firm Signature Global reported 47 per cent increase in its sales booking to.....read more


• SCAI Dossier Newsletter – December 25, 2023
“The administration has issued directives to shopping malls. They have been told to take precautions against fire safety. We have a system in place for checking if these facilities are in place or not,” said Devendra Potphode, head of the PMC’s fire brigade department...read more


• SCAI Dossier Newsletter – December 10, 2023
In a momentous achievement for Bhutani Infra, Avenue 133, the avant-garde high-street mall located at Noida Sector 133, has etched its name in history of Noida real estate by selling out all its retail spaces within 12 hours of its grand launch, today...read more


• SCAI Dossier Newsletter – November 25, 2023
A bench of Justice Vibhu Bakhru and Justice Amit Mahajan pointed out that parking is one of the permitted activities in the basement and the areas earmarked for the said purpose in the mall...read more


• SCAI Dossier Newsletter – November 10, 2023
Elevating the essence of luxury living to new heights, Prestige Group in collaboration with Vaishnaoi Group proudly announces the launch of its largest residential project in Hyderabad...read more


• SCAI Dossier Newsletter – October 25, 2023
According to mall owners, rising appetite for luxury, more awareness and increasing disposable incomes are among key reasons for retail trade to grow overall, and as a result, malls as organized retail spaces are doing good business...read more


• SCAI Dossier Newsletter – October 10, 2023
From 3.8 million in FY12 to 18 million in FY21, individuals in India earning above Rs 5 lakh per annum have surged 5 times, a BNP Paribas analysis of the I-T department's data has shown...read more


• SCAI Dossier Newsletter – September 25, 2023
The report highlights that malls and shopping centres account for a significant share of the organised brick-and-mortar retail sector. This segment is expected to grow at a rapid pace, with a projected ~17 percent CAGR from 2022 to 2028, outpacing the overall growth of the retail pie...read more


• SCAI Dossier Newsletter – September 10, 2023
The real estate sector is one of the major contributors to revenue of states and UTs, which collected an estimated Rs 2 lakh crore during last fiscal year in various forms, including stamp duties, according to a Naredco-Knight Frank India report...read more


• SCAI Dossier Newsletter – August 25, 2023
India's leading independent residential real estate services consultant Anarock Group has announced that it has signed up the Madhya Pradesh Housing Board (MPHB) for its proprietary AI-enabled customer relationship management services...read more


• SCAI Dossier Newsletter – August 10, 2023
Prestige Estates Projects' net consolidated total income stood at Rs 1,966.30 crore in Q1 FY24, a dip of 2.26 per cent from Rs 2,011.80 crore it recorded in the similar quarter last year...read more


• SCAI Dossier Newsletter – July 25, 2023
Cinema exhibitor PVR INOX Ltd revealed its intention to bolster its presence in the retail sector in India by adding two additional superplexes this year as part of its ambitious expansion strategy...read more


• SCAI Dossier Newsletter – July 10, 2023
Real estate major DLF will look at increasing its retail footprint to over 7.2 million square feet (sq ft), up 70 per cent, from the existing 4.2 million sq ft, in 2025. At least three retail projects will come on-stream across Delhi-NCR and Goa, says Pushpa Bector, Senior Executive Director and head of DLF’s retail division...read more


• SCAI Dossier Newsletter – June 25, 2023
Gaurs Group, real estate developer based in Delhi NCR, announces the upcoming RRRx2 Property Carnival. The event will be held at Gaurs Sarovar Portico, Gaur City, Greater Noida West, on June 24th and 25th, 2023...read more


• SCAI Dossier Newsletter – June 10, 2023
SSPL Group, a prominent player in Public Infrastructure, Realty, Land Development, and Investments, proudly unveils its latest landmark development, The Strand Square. This exceptional project presents a distinctive offering of Grade-A high-street retail, premium office, and F&B spaces, redefining the concept of luxury at workplace in the heart of Kharadi, Pune...read more


• SCAI Dossier Newsletter – May 25, 2023
Pvr Inox Merger: PVR Inox is set for aggressive expansion at a time when the cinema business is regaining its mojo after the long pandemic break, a ToI report quoted Ajay Bijli, MD of PVR Inox, as saying...read more


• SCAI Dossier Newsletter – May 10, 2023
Nexus Select Trust will launch India's first REIT (Real Estate Investment Trust) Initial Public Offer (IPO) backed by rent yielding retail real estate assets. At present, there are three listed REITs on stock exchanges but all are backed by office assets...read more


• SCAI Dossier Newsletter – April 25, 2023
​In a regulatory filing, the Bengaluru-based firm said, "During the fiscal year FY23, the group registered record-breaking highest sales of Rs 12,930.9 crore (up by 25 per cent year-on-year) and highest ever collections of Rs 9,805.5 crore (up by 31 per cent y-o-y)."...read more


• SCAI Dossier Newsletter – April 10, 2023
Nexus Select Trust has a portfolio of 17 operational shopping malls across 14 major cities in India, covering 10 million sq ft of retail space...read more


• SCAI Dossier Newsletter – March 25, 2023
To be sure, RIL is not alone in articulating its FMCG ambitions. Amul India’s goal, under its new CEO, is to become a total foods company and not just a dairy major. Mondelez, meanwhile, has announced plans to invest ₹4,000 crore over next four years in the Indian market. Tata Consumer Products (TCPL) has been aggressively foraying into various categories of consumer staples. Large players such as ITC straddle across most consumer categories...read more


• SCAI Dossier Newsletter – March 10, 2023
As there is a continuous shift of brands to online marketplaces, women now have an equal and realistic chance to make their mark in the D2C space. On this backdrop, the women leaders share their insights with ETRetail on the changing landscape in the retail industry...read more


• SCAI Dossier Newsletter – February 25, 2023
Indian By 2026, the cities of Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai Metropolitan Region, National Capital Region and Pune will add 25 million sq ft of space, to the existing stock of 51 million sq ft, the report said...read more


• SCAI Dossier Newsletter – February 10, 2023
Indian consumers showed increasing optimism about the general economic conditions and household income, according to a survey conducted by the Reserve Bank of India in January...read more


• SCAI Dossier Newsletter – January 25, 2023
Express Avenue- “The Destination Mall of India”, one of the leading malls in Chennai announced that their 2022 Christmas and 2023 New Year and Pongal festive seasonsbusiness saw a strong performance and record sales...read more


• SCAI Dossier Newsletter – January 10, 2023
Delhi-based Unity Group has formed a joint development agreement with Parsvnath Developers to develop 450,000 square feet of retail area with an investment of ₹200 crore,said Unity Group co-founder Harsh V Bansal. The bridge-to-luxury mall is located near Netaji Subhash Place metro station and the land is on lease from Delhi Metro...read more


• SCAI Dossier Newsletter – December 25, 2022
"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...read more


• SCAI Dossier Newsletter – December 10, 2022
Occupying over 532,747m2 of land in India, the group has so far invested a total of $621 million to develop shopping malls, hypermarkets, food processing centres, and other related businesses in the country...read more


• SCAI Dossier Newsletter – November 25, 2022
Demand for fast moving consumer goods is expected to recover in the second half of the current financial year, said analysts...read more


• SCAI Dossier Newsletter – November 10, 2022
As e-commerce players earn big this festival season, India saw a de-growth of 11.8 per cent in retail sector jobs from August 2021 to August this year, a report showed on Friday...read more


• SCAI Dossier Newsletter – October 25, 2022
After the first wave of the pandemic, revenge purchases along with postponed weddings boosted demand, resulting in an exceptionally good Dhanteras in 2021, with sales crossing even the pre-pandemic levels...read more


• SCAI Dossier Newsletter – October 10, 2022
After the first wave of the pandemic, revenge purchases along with postponed weddings boosted demand, resulting in an exceptionally good Dhanteras in 2021, with sales crossing even the pre-pandemic levels...read more


• SCAI Dossier Newsletter – October 2022: 1st Issue
As e-commerce players earn big this festival season, India saw a de-growth of 11.8 per cent in retail sector jobs from August 2021…read more


• SCAI Dossier Newsletter – September 2022: 2nd Issue
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…read more


• Consumer sentiments in India dip: CMIE
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…read more


• Consumer sentiments in India dip: CMIE
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…read more


• How are Brands ensuring Seamless Omnichannel Delight to the New-Age Consumer?
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…read more


• How New-Age brands are Setting Benchmarks in Digital Business?
How New-Age brands are Setting Benchmarks in Digital Business? This panel of stalwarts answer all your queries…read more


• Omaxe Chowk leases 11,000 sq ft retail space to jewellery giants
Omaxe Chowk is bringing a wide range of jewellery solutions under one roof and endeavours to become an end-to-end jewellery marketplace…read more


• Demand more than what industry can supply: Nexus Malls CEO
Top local retailers are looking to add anywhere between 5,000 and 7,000 stores in the next 12 months…read more


• Delhi shopping malls with more space to get a facelift
Most of the shopping malls in Delhi are getting an upgrade and developing extra area to open more stores…read more


• High shopper footfall across Kolkata malls raises hope of new records
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…read more


• High shopper footfall across Kolkata malls raises hope of new records
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…read more


• Malls on the rebound
Retail sales are seen 15% above pre-pandemic level this fiscal…read more


• FMCG firms bet big on bumper festive sales
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…read more


• Domestic brands drive up retail space absorption in Hyderabad
Leasing mainly by fashion, apparel brands with a 35% share in total absorption…read more


• Demand for Quality Retail Space across Prime Malls & High Streets Witnessed an Uptick in Mumbai
The retail sector leasing in India increased by about 166 percent Y-o-Y crossing 1.5 million sq ft…read more


• Rules allow cloud kitchens to service multiple brands
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…read more


• Lululemon lifts annual forecasts on strong demand for fresh products
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…read more


• Inox Leisure to add 834 screens after FY23
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…read more


• Trehan Iris lease out three lakh sq ft at Iris Broadway mall in Gurugram
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…read more


• Pushpa Bector: Mapping Mall Road, India, 2022
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…read more


• Shopping malls, physical retail locations should provide unique experience to customers for success: CBRE India
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…read more


• Retailers attract shoppers with in-store experiences
NEW DELHI : In-store experience is becoming critical to growth, considering its ability to not only boost sales, but to also increase customer engagement,…read more


• Shopping malls, physical retail locations should provide unique experience to customers for success: CBRE India
The retail sector made a robust recovery in Q2 (April-June) 2022, with transaction activity growing…read more


• Retailers eye 5G to boost festive demand
NEW DELHI : Retailers are banking on 5G and 5G- enabled smartphones to stimulate..read more


• High-value FMCG packs’ sales take off
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…read more


• Trends shaping the future of the Indian beauty and personal care market
The online BPC market in India expanded significantly in the last few years driven by a steep increase in e-commerce adoption…read more


• Price hike to limit slide in profitability of organised dairy sector: CRISIL
Despite lower profitability, comfortable balance sheets and better working capital management will keep the credit profiles of players stable…read more


• MC Exclusive | Lulu Group aims at retail opportunities in Noida, Gurugram, scouts for land
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…read more


• Reliance Retail FY22 net profit rises 7.6% to Rs 4,935 crore
The company is the country’s largest retailer. Its net profit was nearly three times the combined profit of the nearest five listed retailers…read more


• Small towns outpace cities in demand for baby care items
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…read more


• Blackstone in talks to buy Delhi’s Select Citywalk Mall
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…read more


• World at rising risk of recession as inflation hits consumers
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…read more


• Consumer durable makers gear up for festive season demand amid inflation
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…read more


• Titan expects 20% growth in festive season, to open 20-30 Tanishq stores in global markets
We are also opening in some other countries of the Middle East. We are opening our first store in the…read more


• Retailers attract shoppers with in-store experiences
NEW DELHI : In-store experience is becoming critical to growth, considering its…read more


• Consumer sentiments muted in August: CMIE
The ICS needs to cover lost ground in the next ten days to ensure that it does not post a contraction…read more


• Are FMCG companies eyeing better margins ahead?
The consumer basket in India has been adversely affected due to the high food inflation and weak macro environment…read more


• Restaurants jackup prices on Swiggy, Zomato by an average 10%, citing costs
NEW DELHI : Citing higher costs from commissions and promotions, restaurants have begun charging consumers an average of around 10% more…read more


• Ingka Group to invest 900 million euros in India to open city centres at Gurugram and Noida
According to a top company official, Ingka Group (which also includes IKEA Retail and Ingka Investments)…read more


• 31 new malls coming soon in India: Set to spawn massive jobs, employment opportunities
31 new malls will be opened in around 12 cities, including Tier 1, 2 & 3 cities. It is expected that jobs in the retail sector with the opening of new malls will see a massive rise…read more


• Nomura cuts India’s 2022 retail inflation forecast to 6.7%
Nomura analysts, however, expect inflation to average 6.0% in 2023 as compared to 5.9% in their previous forecast…read more


• Gucci becomes first major brand to accept crypto coin as payment
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)…read more


• Despite inflationary pressure, diamond jewellery retailers expect healthy demand this festive season
“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…read more


• Festive season: Burst of discretionary spending likely till December; recovery seen for electronics, gifting too
“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…read more


• Fall in consumer, education demand hampers tablet growth
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…read more


• Coopetition between online and brick-and-mortar retailers
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…read more


• Online retail spending in India to grow nearly sixfold to $300 bn by 2030: BCG Report
The pandemic pushed new-to-online shoppers and existing shoppers to increase their online purchasing…read more


• Consumer confidence continues to improve in July, marginal rise in future expectations: RBI report
The current situation index (CSI) rose by 1.4 points from 75.9 in May to 77.3 in July…read more


• Lulu Group Int’l plans to expand in India over the next few years
UAE-based multinational retail conglomerate Lulu Group International plans to more than double its footprint in India over the next two-three years, a top executive told ET…read more


• DLF mulls auction bid for Ambience Mall with base price of $366 million: Sources
The 1.2 million square feet “Ambience Mall” in the posh southern district of India’s capital…read more


• Foreign tourists might soon start getting GST refund for local shopping
As per a latest development, the government will soon start a pilot project, under which goods…read more


• Tata Power, JLL India collaborate to provide green energy solutions in the realty space
Under the collaboration, both the companies will jointly evaluate opportunities…read more


• Large restaurants raise discounts to fend off Swiggy, Zomato
India’s largest quick service chain, Domino’s Pizza which operates 1,625 outlets, launched…read more


• India to have 31 new shopping malls in two years, Chennai to get four
A total of 15 new malls will enter the market spread across 12 cities this year and in 2023…read more


• Spend trend: Consumption survey to include electronics, online shopping
India will now be keeping tabs on your spending online, electronic products such as mobile phones…read more


• DLF cuts net debt by 16% quarter-on-quarter to Rs 2,259 crore in Q1 FY23
On the operational front, DLF’s sales bookings doubled to Rs 2,040 crore during the first quarter…read more


• ICRA upgrades retail sector outlook to stable from negative
Driven by pent-up demand, improving vaccination coverage and a pick-up in economic activity…read more


• India remains a strong growth market for global consumer companies
Analysts said India has been resilient amid slowing global growth. The IMF has slashed…read more


• Reliance Retail’s net profit rise 114% in the June quarter while revenue expand 54%
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…read more


• Retailers bank on festive season to up sales
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…read more


• ITC likely to exit lifestyle retail segment, says Puri
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…read more


• PVR Q1 Results: Firm swings to profit after two years; revenue jumps
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…read more


• NRAI to issue advisories to members on service charge declaration on menu, in-store posters, tables
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…read more


• Is the FMCG sector coming out of the woods?
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…read more


• Online retail may hit Rs 4.9-trillion GMV this year: RedSeer report
In 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…read more


• Co-retailing shaping the retail landscape; Developers innovating with the format
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…read more


• HUL Q1 Results: Profit jumps 11% YoY to Rs 2,289 crore, beats estimates; revenue rises 19.5%
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…read more


• Lulu group leases 6 lakh sq ft at Lucknow mall
“Lulu Lucknow will be our fifth mall in India. The mall will house many national and international brands including, first-timers to Lucknow, UP, like Lulu Hypermarket, Funtura, Lulu Fashion Store, Lulu Connect, Chili’s to name a few,” said Shibu Philips, Business Head of Lulu Mall…read more


• Shopping malls are contributing to the success story of retail industry – Here’s how
After a prolonged period of upheaval due to the pandemic, the Indian retail sector is on the upswing lately. COVID-19 brought in new trends and created a more digital-centric consumer who expects frictionless transactions, personalized experiences…read more


• Winning in the age of ‘Fast Delivery’- How ‘New-Age’ Brands are Redefining Today’s Retail Business?
Tune in to this intriguing Panel Discussion on Winning in the age of ‘Fast Delivery’- How ‘New-Age’ Brands are Redefining Today’s Retail Business?…read more


• How AI is taking Traditional Retail Experience to the Next Level?
Panel Discussion on Digitising In-Store and Online Experience- How AI is taking Traditional Retail Experience to the Next Level?…read more


• PVR launches its first multiplex in Patiala
PVR Cinemas on Friday launched its first multiplex at VRC City Mall in Patiala, Punjab, the company informed the exchanges…read more


• DLF to invest Rs 200 crore for expanding Delhi’s Vasant Kunj mall
On an average, rentals for properties housing luxury brands are nearly double compared with mass-priced lifestyle brands. DLF is looking to more than double its retail portfolio and add about 5 million sq ft in the next 5-6 years with an investment of about ₹3,000 crore, the executive said…read more


• Shopping at malls still popular on weekdays
Over the past two years, many people utilised the time they saved on commuting to and from office for shopping during weekdays. And the trend has accelerated over the past two months, retailers and mall operators said…read more


• Levi’s Strengthens Retail Footprint, Opens Largest Store in India
The store design follows the new fleet of the NextGen store format that enables consumers to immerse themselves in brand experience across customization, fit, and style…read more


• Shopping malls to co-exist with e-commerce: LuLu Group’s business head
Commenting on the increasing use of technology in retail, Sunil Kataria, CEO, lifestyle business, Raymond, told ETRetail that the brand is actively using digital technology like visualization, store locators, and geo-fencing, to understand the consumer’s journey better and improve their shopping experience…read more


• IKEA India opens its first Bengaluru Store at Nagasandra, Bengaluru
Spread over 12.2 acres, the 460,000sq ft IKEA Nagasandra store will feature over 7,000 affordable, good quality, sustainable and well-designed home furnishing IKEA products along with inspiring home sets to instill creative ideas to decorate your home…read more


• Nexus Malls partners with Jio-bp to launch EV charging stations across malls
Reliance Industries Limited’s mall chain Nexus Malls has partnered with Jio-bp, a fuel and mobility joint venture between RIL and bp, to launch electric vehicle charging stations across its 17 malls in 13 cities…read more


• Chaayos raises $53 million for business expansion
The company said the funding round was led by Alpha Wave Ventures with participation from all existing investors — Elevation Capital, Tiger Global and Think Investments…read more


• As inflation soars, consumers trim spending on fuel, clothing: Survey
Among the 1,013 urban respondents polled online during 7-10 June, 46% said their cost of living has gone up ‘a lot’ compared to 12 months ago, while 33% said it has gone up ‘a little’…read more


• Titan’s women ethnic wear brand Taneira eyes Rs 300 cr revenue in FY23
The brand will predominantly focus on the saree business which is a Rs 50,000 crore market growing at a compound annual growth rate (CAGR) of 6-8 per cent, a top company official said…read more


• Skechers inks agreement with Lodha to expand distribution capabilities
The Skechers distribution centre will expand the company’s existing distribution capabilities five-fold, transitioning its existing facility to a technologically-advanced centre increasing the company’s ability to grow its business in India over the next 5-7 years, according to a statement…read more


• We aim to achieve Rs 1,000 crore revenue in next 3 years: Cantabil Retail Director
We’re opening close to 80 – 90 stores per year, and aim to maintain that pace. In the next three years, we aim to become a Rs 1,000 crore company in terms of revenue…read more


• How digital tech is helping to merge online & offline retail
The pandemic got even the digitally non-savvy to start shopping online. But today, malls are once again often bursting at their seams…read more


• Malabar Gold and Diamonds commits Rs 9,860 crore investment in India
The jewellery retailer plans to open 500 new showrooms by 2025 creating employment for around 11,000 people, it said. Currently, Malabar Gold & Diamonds has over 280 showrooms across ten countries and 14 manufacturing units in five nations. The company presently employs a total of 14,169 management staff…read more


• Lulu Group’s upcoming Lucknow mall leases out 6 lakh sq ft space
New Delhi: Lulu Group on Thursday said it has leased out approximately 6 lakh sq ft space within its upcoming Lulu Mall in Lucknow that is set to open doors to shoppers in the coming month…read more


• DLF plans to invest Rs 3,000 crore over six years in retail push
The company has planned malls in Gurugram and Goa and high streets in Gurugram, in addition to retail space in its upcoming residential and commercial developments, the majority of which will be launched this year…read more


• Nexus Malls sees higher sales, occupancy compared to pre-covid: CEO
The company is eyeing both standalone shopping centres as well as a clutch of malls as potential acquisitions, which would be upgraded and turned around, said a top executive…read more


• Blackstone, other large private-equity firms turn attention to vast retail market
Private-equity firms have spent decades raking in giant sums from pension funds and other big institutions. Now they are going hat in hand to a different kind of investor: everyday millionaires…read more


• Benq aims over Rs 1,000 crore turnover in next 3 years from Indian market
Benq India, part of Taiwan-based Benq Corporation, expects the 50:50 ratio from both the segments to continue as government and enterprises need these kind of devices. Private educational institutions and the government are investing on smart classrooms, he added…read more


• ‘Physical stores are here to stay for a bit longer’
Mahesh Anand tells Shreyashi Mukherjee about what the company’s future plans are for Karnataka, on an air-purifying paint and state’s colour choices…read more


• Omaxe Chowk launches co-retail spaces
Omaxe Chowk has launched first-of-its-kind co-retail spaces in its multi-level parking cum commercial project in Chandni Chowk. The project will go under fit-out soon…read more


• Lulu Group to invest Rs 2500 crore in Uttar Pradesh across three new projects
UP launched their 3rd Investment Summit and ground breaking ceremony…read more


• Explainer: What are cloud kitchens?
The number of cloud kitchens in India has shot up since the pandemic. A Redseer report estimated the size of the market would touch $3 billion by 2024, from just $400 million in 2019…read more


• Indian retail scenario witness an upward sales trend post pandemic Attributed to Mr. Sandeep Raheja, Chairman, K Raheja Realty
Navigating the Covid-19 pandemic and the subsequent unusual occurrences was and continues to be an incredible endeavor. From mass shop closings, severe occupancy limits to demand issues and global supply constraints, merchants and customers all over the world have been pushed to adapt…read more


• V2 Retail to open 20 new stores in UP, Eastern India for expansion
Apparel chain, V2 Retail, is zeroing in on high-street markets in tier 2 and tier 3 cities of UP, Odisha, and Bihar for their further expansion. The company, which has its presence…read more


• Nestle India eyeing new categories to push growth
“The growth strategy of the company continues to be aggressive. Our categories have headroom for penetration. There are new opportunities whether it is in healthy ageing products, plant-based nutrition, healthy snacking and the toddler segment (for nutrition)…read more


• Aditya Birla Group enters direct to consumer business, sets up a new firm TMRW
The company has appointed ex-Facebook and Bain executive, Prashanth Aluru, as the CEO and co-founder to lead the build-out of this new venture…read more


• High-end, organized retail to boost opportunities in thriving marketplaces
The evolving customer preferences and the desire for a sophisticated shopping experience have transformed India’s retail market. Despite the pandemic setbacks,…read more


• Phoenix Mills to set up mall in Surat, open new ones in Indore and Ahmedabad this year
Mall of the Millennium in Pune and Mall of Asia in Bangalore will become operational by first half of FY24…read more


• Adani Wilmar will focus on expanding food category; open to acquire suitable brands, factories, companies: CEO
With majority of our upcoming projects being focused at the food category, we plan to have more atta and dal units, one large soya badi unit, one rice unit, two mustard oil and a rice bran oil unit…read more


• UAE-based Lulu group to invest Rs 400 cr to set up food park in Kerala
The UAE-based retail major Lulu Group on Tuesday said it will invest Rs 400 crore to set up food park in Kerala…read more


• Top 10 Best Indian Fashion Designers In 2022
Fashion designers occupy a unique position in our society. Their talent and vision impact how people…read more


• Top 10 Trends in India’s Home Furnishing and Decor Industry
This post-Covid shift in consumers’ mindset and availability of more discretionary expense (redirected from travel) has made home textiles a rapidly emerging and one of the fastest recovering sectors after the pandemic…read more


• These startups are betting on your friends to boost shopping
NEW DELHI: One of the key pillars that will form the foundation of new age retail in India is social commerce…read more


• Top 10 Most Promising Facility Management Companies in India 2022
These days, corporate entities are not only focusing on their businesses but also looking for ways to make an impact in the communities around…read more


• Managing returns in online apparel retail
While hassle-free returns have been part of the in-store sales experience for a long time now, in e-commerce, easy product…read more


• Phoenix Mills : to acquire balance 50% stake in its associate company Classic Mall Development Company Ltd
Press Release – Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015…read more


• Dolce&Gabbana relaunching beauty with an eye on Gen-Z
The Milan fashion powerhouse made the move after its licensing deal with Shiseido was terminated last year, the latest in a series of licensing agreements that Dolce&Gabbana had entered since launching fragrances 30 years ago…read more


• India-UAE trade deal| First major trade pact under Modi govt set to boost jewellery, apparel exports
The ‘early harvest’ deal includes tariff reduction and market access for more exports, and will be followed by a comprehensive free trade agreement later. Announced in September 2021, negotiations on the deal were completed in record time…read more


• Top 10 Best Clothing Brands In India 2022
In India, the garment and textile industries are immensely important. In addition, the Indian garment market is quickly expanding. A large assortment of formal, casual, and stylish clothes are also available in the sector…read more


• Food Safety Authority comes out with new regulations for beer and bread
The food authority had in 2018 notified a separate regulation for alcoholic drinks called the Food Safety and Standards…read more


• How India’s recovery is shaping up as states relax restrictions?
Restaurants are again teeming with diners, airports with fliers and markets with life. People are now stepping out and loosening their purse strings. How is India’s economic recovery shaping up now?…read more


• Shoppers Stop plans four-fold strategy for growth: Venu Nair, MD & CEO
After seven quarters of profits and growth, Shoppers Stop has an aggressive plan to expand the company’s growth…read more


• Fabindia eyes global expansion with new product portfolio
In the domestic market, the focus will be on expanding omnichannel presence and direct-to-customer sales…read more


• Max Ventures completes 100% leasing out of office space in Max House – Phase 1
Max Ventures and Industries has announced today that Max House – Phase 1 is now 100% leased out to marquee domestic and international clients…read more


• Kerala: Huge subsidies for installing EV chargers
KOCHI: With electric cars rolling out in large numbers, the power department and ANERT have begun to push for setting up more charging…read more


• 1,000 new charging points for electric vehicles coming up across Delhi: DDC
NEW DELHI: Around 1,000 new charging points for electric vehicles (EV) are expected to come up across the city with the top malls in Delhi committing…read more


• Sales of top India retailers surpass pre-Covid levels
Sales of top retailers such as Reliance Retail, Shoppers Stop, Aditya Birla Fashion & Retail (ABFRL), Avenue Supermarts, Bata and Titan…read more


• How The Fashion Industry has Changed in Recent Times
In the last two years, the fashion industry has gone through major transformations owing to multiple factors like rapid adoption of e-commerce…read more


• 6 Benefits of E-Receipts and Why Retailers Must Embrace It
Paper receipts have been with us for years! But, it is no news that it’s difficult to store these important documents. Your customer needs…read more


• What helps a brand survive bankruptcy
Sometimes, brands outlive the companies that launched them. Like that memorable LIC tagline, these brands stay on, zindagi ke saath bhi, zindagi ke baad bhi…read more


• How This D2C Kids’ Furniture Brand Clocked 3X growth Targeting the Mid-Premium Segment
The furniture market, one of the oldest markets in India, has long remained without any major change or disruption with consumers…read more


• Top 10 Best POS In India 2022
A retail business’s POS system is one of the most important components of its success. A retail business with a high turnover rate needs an intuitive point-of-sale system that is easy to train new employees. Your Point of sale should also automatically capture customer and employee data as well as sales and inventory information. Your profits will increase as a result…read more


• Top 10 Best Clothing Brands In India 2022
In India, the garment and textile industries are immensely important. In addition, the Indian garment market is quickly expanding…read more


• Govt expects Rs 34,090 crore investment under PLI scheme for electronics manufacturing
The government is expecting an investment of Rs 34,090 crore under the PLI scheme for large-scale electronics manufacturing, mainly mobile phones…read more


• Budget 2022: Key takeaways for consumer product and retail sector
The government is expecting an investment of Rs 34,090 crore under the PLI scheme for large-scale electronics manufacturing, mainly mobile phones…read more


• NMC plans shopping complexes at 2 locations
Nashik: The Nashik Municipal Corporation (NMC) has decided to construct shopping complexes at two locations along…read more


• The Retail Ready Packaging Market is set to surpass $85 billion valuation by 2028, Says Global Market Insights Inc.
The growth of retail ready packaging market is driven by the ongoing expansion…read more


• Emaar to develop shopping mall in Srinagar
The government of Dubai recently inked an agreement with India to ramp up infrastructure investment…read more


• Wacom expands retail footprint in India
The global leader in pen tablet market, Wacom India is expanding its retail presence in the country. The key supplier of pen and multi-touch…read more


• This Chennai-based startup offers everyday solutions to physical retail stores through video analytics
The global video analytics market size is expected to be worth $14.9 billion by 2026, growing at a CAGR of 20.4 percent…read more


• ‘Scrapping inverted duty on footwear to lower prices’
NEW DELHI: The uniform 12% rate of GST on all footwear shall go a long way in facilitating trade and promoting ease of doing business…read more


• Two Saket malls become first fully vaccinated markets in Delhi
Two malls in Delhi- Select City Walk and DLF Mall in Saket have become the city’s first fully vaccinated markets. All the shop owners and employees working here are fully vaccinated…read more


• John Jacobs Unveils Their Biggest Store In Mumbai For The New Year
John Jacobs plans to expand its retail strategy in India with a bang this new year…read more


• Malabar Gold & Diamonds to invest Rs 800 crore in its global retail expansion
New Delhi: Malabar Gold & Diamonds, a Kerala-based jewellery major will invest Rs 800 crore to open 22 new showrooms in India and abroad as a part…read more


• Vedix expands hair oils range, to compete with Emami, Marico and Mama Earth
Customised Ayurveda beauty brand Vedix said it has launched onion based hair pro products, joining the league of large consumer companies including Marico…read more


• Metro Brands to open 260 stores in 2-3 years
Kolkata: Metro Brands, one of the largest Indian footwear specialty retailers, is planning to open 260 stores in 2-3 years. In the third quarter…read more


• Amazon in talks to lease space at DLF’s new project in Gurgaon
Ecommerce giant Amazon.com is in talks with realty developer DLF to take on lease over 600,000 sq ft of office space at its upcoming project…read more


• Dip into e-wallet to pay property tax in Kolkata
KOLKATA: Next time you want to clear your property tax dues, take help of a Chatbot service and get linked to a payment mode and you can use…read more


• “India presents a great investment destination to any international business”
India and UK formally launched talks last week for concluding FTA by early 2023. Richard Heald – Executive Chair, UK India Business Council in a wide ranging interview…read more


• FabIndia plans Rs 4,000 cr IPO; promoters to gift over 7 lakh shares to artisans, farmers
New Delhi: Lifestyle retail brand FabIndia plans to raise up to Rs 4,000 crore through an initial public offer and in a novel approach, the company’s promoters…read more


• Lotus Herbals acquires 25% stake in D2C brand Conscious Chemist
Premium beauty-care products maker Lotus Herbals has acquired a 25% stake in direct to consumer (D2C) skin-care brand Conscious Chemist, its first…read more


• Game of chicken: Jubilant FoodWorks launches US chicken brand Popeyes in India
Jubilant FoodWorks, the franchisee for Domino’s Pizza, will launch the iconic US-based fried chicken brand Popeyes…read more


• Maharashtra saw the biggest drop in FMCG sales in Nov
FMCG sales dropped 14.4% month-on-month in November, according to data sourced from Bizom. Photo: Indranil Bhoumik/Mint…read more


• Patanjali unveils ‘Nav Harit Kranti ? An Agro Vision’
Patanjali has prepared a plan to solve the problems of farmers and agriculture and unveiled a book titled ‘Nav Harit Kranti – An Agro Vision…read more


• Court orders malls, stores not to charge for carry bags
The petitioner argued that since the bag had the logo of D’Mart, it was not fair on the part of retail company to charge for the carry bag…read more


• Malls, theatres feel pinch over‘no vaccine, no entry’ policy
With government and district collectors directing owners of malls, theatres, entertainment centres and others to allow only vaccinated people…read more


• Tablez opens its first toys retail store in Bengaluru
New Delhi: Abu Dhabi-based retail and food & beverages group Tablez announce it has opened its first toys retail store, House of Toys, in Bengaluru…read more


• CM to inaugurate Trivandrum Lulu Mall on Thursday
Trivandrum Lulu mall, Kerala”s biggest shopping centre, will be inaugurated by Chief Minister Pinarayi Vijayan here on Thursday. The Biggest mall in the country is built with high facilities costing Rs 2,000 crore investment…read more


• Lulu Group to invest ₹2,000 cr in Gujarat, build shopping mall in Ahmedabad
The Lulu Group already has three operational malls in India and will open two more mall in the country by March next year…read more


• Tata Group’s re-entry in beauty segment will push competition & innovation, say industry experts
Tata Group’s reentry into the beauty segment will give this market a further push, leading the already existing beauty and personal…read more


• Blackstone plans India’s maiden retail properties REIT, portfolio valued over $2 billion
Blackstone Group, the entity behind India’s maiden real estate investment trust (REIT), is now planning to list the country’s first retail properties-centred REIT…read more


• Behind the policy and politics around inflation
The Wholesale Price Index (WPI), which acts as a proxy for producer prices, grew 14.23% in November…read more


• Metro Brands’ IPO may open on a weak note today, GMP at 10-15% discount
Marquee investor Rakesh Jhunjhunwala-backed Metro Brands, which is one of the largest Indian footwear specialty retailers in India…read more


• Aditya Birla Fashion and Retail to take over Reebok’s operations in India
Aditya Birla Fashion and Retail Ltd (ABFRL) has signed a long-term licensing agreement with US-based brand management…read more


• India’s retail inflation likely marched higher in November
India’s retail inflation likely accelerated last month towards the upper limit of the central bank’s target range as fruit and vegetable prices climbed…read more


• Bengaluru: More retail outlets, ads in Metro stations to up revenue
BENGALURU: Namma Metro’s non-farebox revenue will be increased to 25% in two years, according to BMRCL MD Anjum Parwez…read more


• IKEA malls business to invest around $928 million in India, top executive says
MUMBAI: The malls division of Swedish furniture giant IKEA will invest around Rs 7,000 crore ($928 million) in two centres it plans to build on the outskirts…read more


• Retail sector will be defined by multi-channel approach: Report
New Delhi: Indian shoppers, as well as consumer goods companies, are taking the multi-channel approach after the pandemic changed customer habits…read more


• Consumers prefer cheaper items as prices, expenses rise
Indian consumers have started opting for lower-priced packs or unbranded products of food, grocery and daily necessities as rising prices… read more


• Jewellery maker Pandora has no plans to join platforms like Amazon or Farfetch -CEO
COPENHAGEN: Jewellery maker Pandora would prefer to invest in physical stores or its own online sales platform rather than join large e-commerce marketplaces… read more


• Armani to ban angora wool from next winter season
MILAN: Armani Group said on Wednesday it would no longer use angora wool starting from the 2022-23 autumn/winter season, adding it to the list of excluded… read more


• IPO-bound footwear firm Metro Brands aims to utilise Rs 250 crore for store expansion
Footwear retailer Metro Brands Ltd, which is likely to come out with its initial share-sale by the end of the month, will utilise Rs 250 crore… read more


• DJ Bravo starts second innings as fashion entrepreneur
West Indies cricketer Dwayne Bravo is venturing into fashion with the launch of his clothing line Djb47. The launch is in partnership with Singapore… read more


• DMart leases 43,000 sq ft at Spaze Edge in Gurgaon
Retail chain DMart has leased 43,000 sq ft at Spaze Edge in Sector 47, Sohna Road, Gurgaon. The retail chain will open from January 26, 2022… read more


• Govt proposes to have national retail trade policy: Som Parkash
The government proposes to have a national retail trade policy for creating a conducive environment to streamline the growth of all formats… read more


• LG to strengthen market share in washing machine segment
New Delhi: Home appliances and consumer electronic maker LG is strengthening its lead in the washing machine segment as the new players enter the market… read more


• LG to strengthen market share in washing machine segment
New Delhi: Home appliances and consumer electronic maker LG is strengthening its lead in the washing machine segment as the new players enter the market… read more


• Bata India to bet on franchise model for expansion in near future
Bata, while announcing its results for Q2FY22, said that it continued with its retail expansion drive in tier 3-5 cities through… read more


• FMCGs say can only tweak trade terms, but distributors demand margin parity
Several consumer goods companies said they could only slightly tweak their terms of trade with organised wholesalers, such as Reliance, Metro Cash & Carry… read more


• Sebamed urges consumers to switch to pH 5.5 shampoo
Sebamed unveiled yet another intriguing campaign #NoConditionsApply for its hair care portfolio. Focusing on educating and empowering consumers… read more


• Govt approves investment proposals of 60 processed foods companies under PLI scheme
The Centre has approved investment proposals of 60 processed foods companies including Hindustan Unilever, Dabur, ITC, Amul, Nestle, Parle and Britannia… read more


• Manyavar brand owner Vedant Fashions plans to double retail floor space
The company aims to add over 100 stores next year alone; overall goal is to have 2 mn sq feet over next few years, form 1.1 mn sq ft currently… read more


• Realme India ups focus on non-smartphone business, to enter 15 new categories
NEW DELHI: Handset maker Realme said that it is increasing its focus on non-smartphone business in India and is looking to venture into over 15 new product… read more


• Lulu Group to invest Rs 2,000 crore to build shopping mall in Gujarat
NEW DELHI: The UAE-based retail giant Lulu Group on Saturday announced it will invest Rs 2,000 crore to develop a shopping mall near Ahmedabad in Gujarat… read more


• Pune: Demand for smart appliances shoots up among working professionals
PUNE: Amid the festive sales last month, traders and industry experts noticed a greater demand for ‘smart’ appliances, artificial intelligence-incorporated… read more


• Pumpkart, Figgital to open over 1,200 modern retail stores in Uttar Pradesh
Online marketplaces Pumpkart.com and Figgital will open over 1,200 modern retail stores in Uttar Pradesh, according to a statement. Pumpkart and Figgital… read more


• Reliance Retail to open India’s first open air rooftop drive-in theatre
Reliance Retail recently announced the country’s first open air roof-top theatre, where people can drive… read more


• Tenants’ sales at IKEA’s shopping malls grow 16%
IKEA ‘s shopping malls business, one of the world’s biggest, said on Monday its tenants’ sales were up 16% at constant… read more


• Retail Rentals Bouncing Back to Pre-Covid Levels
Retail rentals are recovering after more than a year of decline with sales in general having almost gotten… read more


• Pre-Covid footfalls at malls, eateries
Malls recorded high footfalls on the weekends before and during Diwali as people came out in droves to shop… read more


• Beauty comes clean: City-based homegrown organic brands see growth
Chennai: As Shobana Navaneethan stirred a little blue food colour and almond oil into her oat bran… read more


• Adani targets food staples business for expansion
Mumbai: Billionaire industrialist Gautam Adani will be pouring more resources into acquisitions as he doubles… read more


• Traders, online sellers protest against e-commerce brands
New Delhi: Indian Sellers Collective, a non-governmental trade association committed to bringing… read more


• India poised to grow electronics manufacturing to $300 billion in 3-4 years
Post Covid, India has a unique opportunity to gain market share from other geographies to further cement… read more


• Delivery-only outlets ride piggyback, find new road to success
Mumbai: Bengaluru-based food entrepreneur Tirthankar Banerjee opened his first delivery-only food brand… read more


• Retailers dream of a glitzy Christmas, even as supply chain snarls loom
PARIS/CHICAGO/NEW YORK: When Whitney Bromberg Hawkings launched her London-based… read more


• Skincare brand SkinKraft eyes Rs 450 crore revenue in three years
New Delhi: Skincare brand SkinKraft, a part of the Hyderabad-based Incnut Group is hoping its revenue… read more


• Our mission is to be top performing consumer products firm in India: Diageo
Global spirits major Diageo is embarking on a mission to be a top performing consumer products company… read more


• Big Basket opens first brick-and-mortar store in Bengaluru, marks entry into omni-channel space
NEW DELHI: Online grocery retailer BigBasket has opened its first brick-and-mortar store in Bengaluru… read more


• Starbucks eyes faster India expansion with new store formats
Starbucks aims to hasten its India expansion with smaller stores and drive-through… read more


• 60% shoppers use digital payments multiple times a week for festive season shopping: Survey
An increasing number of Indians are turning to the digital channels for payments. A new study has found… read more


• NCAER’s business confidence index rises 90% in Q2
Indicating signs of improvement, think-tank NCAER on Tuesday said its Business Confidence Index… read more


• Experience a Month of Grand Festivities at Bhartiya Mall of Bengaluru
Bhartiya Urban, an integrated developer of large-scale real estate and commercial projects, announced the launch…read more


• Ahead of Diwali, shoppers make the most of offers and relaxed guidelines
The festive season has not just come as a respite for many businesses, but also for shoppers… read more


• Ethnic wear segment is winning the race
Reliance’s move comes on the heels of several investments made by ABFRL in the segment… read more


• Swiggy introduces two-day paid monthly period time-off policy for female delivery partners
New Delhi: Food delivery firm Swiggy has introduced a two-day paid monthly periotime-off policy… read more


• From Satya Paul to Manish Malhotra, Reliance is expanding its luxury portfolio with homegrown designers
Mukesh Ambani has expanded into luxury retail with his latest 40 per cent stakepurchase in designer… read more


• FMCG growth in rural area moderates, urban market picking up; says HUL CMD
Faced with “unprecedented” inflation in certain commodities like palm oil, crude based derivatives and tea… read more


• Greenply Industries expects WFH to have positive impact on branded plywood manufacturers
The new work-from-home normal is expected to have a “positive impact” on the branded plywood industry as people move… read more


• Jewellery startup Giva eyes Rs 80 crore net sales this fiscal
New Delhi: Silver jewellery startup Giva on Monday said the company is expecting a three-fold jump… read more


• Amazon teams with Affirm to offer buy-now-pay-later option
Amazon is teaming with payments company Affirm to offer online shoppers a buy-now-pay-later option… read more


• Ahmedabad restaurant brands going global to tickle NRG taste buds
AHMEDABAD: Food and flavours from back home invariably bring along a lot of nostalgia and joys… read more


• Flipkart launches programme to find and build D2C brands
At a time when direct-to-consumer (D2C) brands are finding growing acceptance among consumers… read more


• Consumer durable makers expect double-digit growth during festive season
The consumer durable industry is expecting double-digit growth in the festive season sales this year… read more


• What Shopee’s entry into India mean for online shoppers
Singapore: Last week, news reports from Singapore emerged that Shopee, the number one e-commerce… read more


• Kamdhenu Group mulls Rs 200 cr investment to expand paints biz; aims Rs 1,000 cr revenue in 5 yrs
The move will be taken after the demerger of the paints division into a separate entity. The demerger is expected… read more


• Parle Products forays into cereals category
Parle Products aims to produce nutritious cereals for an energizing breakfast Country’s leading biscuits… read more


• Amazon planning to launch Alexa-powered TV in October
The company is also developing a TV designed in-house, but it’s unclear when that might be released… read more


• Flipkart strengthens kirana delivery programme ahead of festive season
New Delhi: Walmart-owned Flipkart on Wednesday said it has bolstered its delivery network… read more


• Hunger finds a platform as swanky food plaza to open at New Delhi Railway Station
NEW DELHI: Passengers at New Delhi Railway Station are in for a lavish feast with the Indian Railway Catering and Tourism… read more


• Shoppers Stop joins hands with Accenture to accelerate digital commerce transformation
New Delhi: Shoppers Stop, a retailer of fashion and beauty brands, has collaborated with Accenture… read more


• The Man Company eyes Rs 300 crore net revenue in three years; steps up offline retail expansion
NEW DELHI: Men’s grooming products brand The Man Company aims to log over Rs 300 crore in net revenue… read more


• Xiaomi beats Apple to become top wearable brand in the world
NEW DELHI: Xiaomi overtook Apple to become top-shipping wearable brand in Q2, 2021, according to a report… read more


• Reliance Retail set to launch saree, ethnic wear stores
NEW DELHI: Reliance Retail is set to launch a chain of store under the brand name of Avantra… read more