Latest Retail Insight, News, Information & Articles from all top sources for the Internet.

New Delhi: E-commerce company Amazon India and it’s joint venture partner Patni Group-owned Zodiac Wealth have decided to de-list online seller Appario Retail from the company’s online platform, a joint statement said on Monday. An official source told PTI that the move is aimed to avoid any conflict of interest and is being taken voluntarily. […] from Indiaretailing.com https://ift.tt/5cxrvlw via IFTTT

Adds Max, Peter England, American Eagle and Food Quest to its kitty New Delhi: Bhutani Grandthum, the mall that is coming up at TechZone 4 in Noida has signed up Max, Peter England, American Eagle and Food Quest. Collectively they take up 45,000 sq. ft. retail space in the underdevelopment project. The mall recently leased […] from Indiaretailing.com https://ift.tt/rpHNV6O via IFTTT

New Delhi: Manufacturer of snacks and sweets Bikaji Foods International Ltd on Monday said it has fixed a price band of Rs 285-300 a share for its Rs 881-crore initial public offering (IPO). The initial share-sale will open for public subscription on November 3 and conclude on November 7, the company announced. The IPO will […] from Indiaretailing.com https://ift.tt/Yyp5MlX via IFTTT

New Delhi: Debt-ridden Future Enterprises has defaulted on a principal amount of Rs 126.13 crore in September, which includes payment obligation of Rs 98.35 crore for NCDs and Rs 27.78 crore to banks, under a one-time restructuring (OTR) scheme. Future Enterprises Ltd (FEL) had entered into the OTR scheme for COVID-hit companies with its consortium […] from Indiaretailing.com https://ift.tt/mHq2yLG via IFTTT

IKEA is in an investment phase in India and parent Ingka Group had in September infused Rs 600 cr into the India subsidiary   New Delhi: IKEA India Pvt Ltd reported its net loss widened 12% to Rs 901 crore for the fiscal year ending March 2022 compared to a year ago. However, the Swedish […] from Indiaretailing.com https://ift.tt/BKOtV5C via IFTTT

Venu Nair, MD and chief executive officer, Shoppers Stop talks about the company’s expansion plans New Delhi: Shoppers Stop plans to open about 15 of its department stores each year in the coming years in addition to the aggressive expansions of its beauty and cosmetics standalone outlets. “We are opening between 12 to 15 department […] from Indiaretailing.com https://ift.tt/3G4wMkQ via IFTTT

Annu Grover, Founder and CEO of Nurturing Green had to first plant the seed to change the perception of buyers about gifting and buying plants online before he could enjoy the sweet fruits of success. Nurturing Green started in 2009 with the concept of Green Gifting- “Gift a Plant”. The brand has not only captured […] from Indiaretailing.com https://ift.tt/hu9PQj1 via IFTTT

Opens 10 stores covering 9,000 sq. Ft. New Delhi: Women’s Ethnic wear brand Libas expands its offline presence via exclusive stores with a total of over 9,000 sq feet of retail space across shopping centres and high streets. The stores have been opened at Lulu mall in Lucknow and Phoenix Mall in Pune. It will […] from Indiaretailing.com https://ift.tt/g5Y6taJ via IFTTT

The report identifies 10 non-metro cities as the new growth vectors in India in the coming years based on their real estate landscape, work environment, quality of life and sustainability. New Delhi: Tier-II cities will continue to play a vital role in the country’s growth story as per a report by retail estate consultancy CBRE. […] from Indiaretailing.com https://ift.tt/VX75PI4 via IFTTT

Reliance Retail is expanding its business into the fast-growing toy sector through its brand Rowan to operate in the affordable segment with a smaller shop size. The company was running its toy distribution business through Rowan. It has now brought this homegrown brand to the front end by opening its first EBO (exclusive brand outlet) […] from Indiaretailing.com https://ift.tt/fXIEKju via IFTTT

The best way to predict the future is to create it, and feasibility helps in making strategies that help in creating a sustainable future. A feasibility study for sustainability evaluates the system’s potential effect and attempts to identify the project’s strengths and limitations. As a result, it must be undertaken objectively to offer data on […] from Indiaretailing.com https://ift.tt/Kf1dRyQ via IFTTT

New Delhi :Reliance Retail on Friday reported a 51.18 per cent jump in pre-tax profit at Rs 4,404 crore for the September 2022 quarter, led by store additions and a strong revival in footfalls. The retail business delivered “all-time high revenue” and profits, and Reliance Retail has become India’s leading retail firm with more than […] from Indiaretailing.com https://ift.tt/EnCdIUO via IFTTT

Last year, just 57.9% of Indian consumers expressed an interest in shopping locally, Shopify India’s 2022 Festive Shopping Outlook. As many as 96.04% consumers plan to shop from Indian brands this festive season, according to a survey by Shopify. While 81.65% of consumers plan to spend on fashion and accessories, 68.57% planned to buy home […] from Indiaretailing.com https://ift.tt/dISMNPA via IFTTT

So far Ace Turtle has opened 80 Lee and Wrangler franchisee-stores across tier-1, 2 and 3 cities. New Delhi: US denimwear Lee has rolled out three stores in Rajasthan, Bihar and Jharkhand, as part of the American denim brand’s expansion into Tier-2 and Tier-3 cities. Lee said it has opened omnichannel-enabled outlets in Sikar in […] from Indiaretailing.com https://ift.tt/t213MQq via IFTTT

In the second quarter of FY 2022-2023, Shoppers Stop’s sales reached Rs 1,270 crore against sales of Rs 785 crore in the same quarter last year. Mumbai: Shoppers Stop Ltd. reported a 62% increase in the sales to Rs 1,270 crore in the second quarter (Q2) of the current financial year compared to the same […] from Indiaretailing.com https://ift.tt/H2SZMyQ via IFTTT

The Décor brand has two stores in Bengaluru, one in Hyderabad and one in Gurgaon (Delhi NCR). New Delhi: The Yellow Dwelling, a homegrown boutique furnishing and décor brand has forayed into the Pune market. The newly launched store is located at Deccan 99 Mall, Jangali Maharaj Road, Pune and is spread across 1,000 sq. […] from Indiaretailing.com https://ift.tt/632ujYg via IFTTT

This is a home-coming for Huck after three and half years when he had quit DLF Malls to join ILC Group of Companies, that is currently developing two retail projects in Gurugram.  New Delhi: DLF Malls has hired Rehan Huck as the new head of leasing and he will handle several of the DLF’s existing […] from Indiaretailing.com https://ift.tt/YeohXts via IFTTT

The store is part of the company’s nationwide expansion plan to open 150 EBOs by the end of this year. Gurgaon: Lingerie and personal care brand Clovia recently opened its first exclusive brand outlet in Gurgaon. The 757 sq. ft store located at DT Mega Mall, MG Road, houses the complete range of Clovia’s lingerie, […] from Indiaretailing.com https://ift.tt/5XZkO9Y via IFTTT

Online D2C tailoring CloudTailor provides personalised fashion and tailoring solutions online. New Delhi: D2C fashion and tailoring platform CloudTailor has opened 5 exclusive brand outlets in the National Capital Region (NCR). The outlets are located in Delhi (Lajpat Nagar and Rajouri Garden); Noida (Sector-18) and Gurugram at DLF Phase IV and South City-2. CloudTailor is […] from Indiaretailing.com https://ift.tt/gaOGWhP via IFTTT

New Delhi: PDS Ltd., the global fashion infrastructure major, has recently acquired 51% stake in DBS Lifestyle, a Delhi-based end-to-end design solutions company. As part of this transaction, PDS will invest Rs 21 crore (US$2.6mn) in the new entity Pangram Brands Private Limited (Pangram Brands), which will be renamed DBS Lifestyle (India) Pvt. Ltd. Most […] from Indiaretailing.com https://ift.tt/3fpMB2e via IFTTT

Buy-out of the online marketplace will help V-Mart push its omni-channel initiatives New Delhi: Value retailer V-Mart Retail is acquiring online fashion portal Limeroad.com for Rs 31.12 crore in an all cash deal, the New Delhi-based company said in a regulatory filing on Monday. V-Mart said it has fully acquired LimeRoad from its parent company […] from Indiaretailing.com https://ift.tt/8JUtsAv via IFTTT

Myntra is now planning to open standalone stores of Mango Man and Mongo Kids, buoyed by the good reception in India to the Spanish brand’s flagship chain of women’s fashion and lifestyle products, according to three people familiar with the development. Two sources said the stores of both franchisee-operated Mango Man and Mango Kids will […] from Indiaretailing.com https://ift.tt/zaA2Vsb via IFTTT

D2C skincare brand Earth Rhythm has announced its entry into offline retail by opening up 12 kiosks in Tier 1 and 2 cities as a part of its expansion plans. Initially, the brand will open kiosks in New Delhi, Bengaluru, Mumbai, Chennai, Chandigarh, Raipur and Dehradun. It will also have a kiosk in Hyderabad by […] from Indiaretailing.com https://ift.tt/8Gv3NYe via IFTTT

Retail businesses across India reported a growth of 21% in sales in September 2022 as compared to the same period in 2019 (pre-pandemic) and 17% as compared to September 2021. “This festive season is expected to be a return to cheer season. Since consumers get a chance to do unrestricted shopping as well as there […] from Indiaretailing.com https://ift.tt/aNzDByr via IFTTT

Delhi-based Indian wear brand Indya opened its first international store at Kuala Lumpur, Malaysia. Owned by High Street Essentials Pvt. Ltd. (HSE), the brand is looking to open stores in regions with strong NRI communities such as the US, Canada, South Africa, and the Middle East in the next 18-24 months. “From the time we […] from Indiaretailing.com https://ift.tt/AgtnHT5 via IFTTT

Decathlon is renaming three of its stores in Belgium to Nohltaced for a period of one month as part of its environmental-friendly campaign. The outlets that would bear the new name are Evere, Namur and Ghent. ‘Nohltaced’ is Decathlon spelled backwards, and it’s done to promote the French retailer’s campaign of ‘reverse shopping’. Reverse shopping […] from Indiaretailing.com https://ift.tt/DTH52xy via IFTTT

Fashion & lifestyle will lead in terms of festive growth followed by Beauty and Personal Care as per Navin Joshua – Founder & Director, GreenHonchos. Uncertain times are behind us and customers are keenly watching the online space to buy from their favourite retail brands. As per GreenHonchos, D2C brands are expected to clock higher […] from Indiaretailing.com https://ift.tt/7ywGsgY via IFTTT

Iconic Denim brand Levi’s relaunches its store at Elante Mall, Chandigarh. The brand aims to elevate the experience for its customer with the new store which has a large footprint  of 4,045 sq.ft. “We are raising the bar with each new store opening. In key markets like Chandigarh, known for its strong sense of fashion, […] from Indiaretailing.com https://ift.tt/my4xXSB via IFTTT

BlissClub, a women’s activewear brand, has appointed Abhirath Anuwal to spearhead the brand’s marketing and revenue-generating activities across online and offline channels. “BlissClub is one of those rare companies with strong growth prospects and innovation in its DNA. I feel lucky to play my part in this journey and I’m energised by the talented team […] from Indiaretailing.com https://ift.tt/vud7IAD via IFTTT

Reliance Retail Ltd. has announced a multi-year collaboration with USA-based National Basketball Association (NBA) to launch an extensive range of NBA merchandise in India. As part of this collaboration, Reliance Retail will sell a wide selection of NBA team and league-branded products in India through its stores and e-commerce platforms. Furthermore, the brand will provide […] from Indiaretailing.com https://ift.tt/YgBUKR8 via IFTTT

Paytm founder Vijay Shekhar Sharma has invested in Yoho, a D2C footwear startup. He is joined by other influential investors including Rukam Capital and Rajeev Mishra, CEO, Softbank Vision Fund, who leads the Series A funding. Yoho will use the Rs 20 crore raised in the funding round to ramp up its capabilities and sustainable […] from Indiaretailing.com https://ift.tt/DtV0cbO via IFTTT

DaMENSCH, a D2C men’s apparel brand, has opened its first exclusive store at Bengaluru’s Mantri Square Mall. The 1,200 sq.ft. store is the brand’s first in-mall store. Recently, the brand raised $16.4MN in Series-B funding and plans to foray into offline business with an aim to be available at 10,000 points of sales across various […] from Indiaretailing.com https://ift.tt/3E1gItw via IFTTT

Premium beer maker Bira 91 said on Wednesday it is acquiring retail bar and restaurant chain The Beer Cafe for an undisclosed sum. The company did not give any further details on the financials of the deal. “The deal will enable Bira 91 to strengthen its play in pubs and build a direct-to-consumer platform focused […] from Indiaretailing.com https://ift.tt/ruGZE3j via IFTTT

D2C skincare brand Skinella, has expanded its digital presence by partnering with Purplle, JioMart, and Netmeds. The move is associated with the brand’s vision of expanding in the digital space and enlarging its footprint. With this strategic e-commerce expansion, the brand is looking to grow at 60%-70% in the initial phase. The brand makes cruelty-free […] from Indiaretailing.com https://ift.tt/x8Tuq9K via IFTTT

LOTS Wholesale Solutions, a part of the $50 billion Charoen Pokphand Group and a wholly owned subsidiary of Thailand Siam Makro Public Company Ltd., launched its largest standalone outlet at Sarita Vihar, Delhi. Spread over 64,000 sq.ft., the store is the company’s fourth outlet in Delhi/NCR. The others stores are located at Netaji Subhash Place, […] from Indiaretailing.com https://ift.tt/GLk0N3y via IFTTT

To boost its retail and F&B portfolio, Trehan Iris has added 3 premium brands at Iris Broadway Mall located in Sec 85-86, Gurugram. The 3 new brands that have started their operations recently are Starbucks, Rowan Toys, and The Beer Café. Spread across an area of 2076 sq. ft, Starbucks will be operating from Block […] from Indiaretailing.com https://ift.tt/bO3rKsa via IFTTT

Malls across various cities in India are expecting a rocking Diwali business season this year as consumers are loosening their purse strings a bit more, resulting in brisk sales of everything from fashion to electronics and from gifting to marriage items. Pacific Malls in Delhi to Phoenix malls in Western India said business is expected […] from Indiaretailing.com https://ift.tt/ZbtiLM9 via IFTTT

Reliance Trends has extended its footprint to more than 1,000 cities and towns, making Reliance Retail the retailer with the largest own stores footprint in India and surpassing Bata – that is present in around 650 towns with standalone Bata outlets – by a huge margin, according to two people familiar with the development. Over […] from Indiaretailing.com https://ift.tt/Np3QlxY via IFTTT

The government has amended an archaic rule that so far used to hold the directors of retail companies directly liable for any violations, inconsistency or any sort of pricing mismatch on the price tags of products they sell in stores.  The Department of Consumer Affairs has now amended the Legal Metrology (General) Rules, 2011 allowing […] from Indiaretailing.com https://ift.tt/IWBzcvH via IFTTT

Avenue Supermarts Ltd., which owns and operates retail chain D-Mart, has reported a 35.75% rise in standalone revenue from operations to Rs 10,384.66 crore for the second quarter of the current fiscal. According to PTI, the company’s revenue from operations was Rs 7,649.64 crore during the same period last year. The company also reported a […] from Indiaretailing.com https://ift.tt/rn9PRHy via IFTTT

A whopping 81% consumers believe that shopping for family will be the ‘major expense’ during festivities, with 78% planning to shop from retail stores near home according to the October 2022 India Consumer Sentiment Index (CSI) report by consumer data intelligence agency Axis My India. There is an overall improvement in consumer sentiment about discretionary […] from Indiaretailing.com https://ift.tt/wForpXn via IFTTT

House of Anita Dongre (HOAD) has hired US-based Salesforce to handle its omni-channel initiatives in a bid to tap the growing number of consumers who are increasingly purchasing products through a combination of online and offline, especially after the pandemic. Salesforce will “digitally transform its (HOAD) marketing, e-commerce, and service processes delivering an integrated offline […] from Indiaretailing.com https://ift.tt/jCIJHXf via IFTTT

It appears to be a happy Diwali for retail SaaS platform Unicommerce, which has recorded 50% growth in its transaction volume during the first week of ongoing festive season sales. The company announced that they have processed over 14 million order items during this period. The GMV (Gross Merchandise Value) of products processed through the […] from Indiaretailing.com https://ift.tt/Mg6VmAj via IFTTT

Samsung has announced to double its retail investment in India to meet the increased customer demand in the ongoing festive season. As the Tier-II and III markets are turning out to be the growth drivers, the electronic company has trained over 5,000 independent retailers that will undergo comprehensive training programs to meet the rising customers […] from Indiaretailing.com https://ift.tt/IkQGMUz via IFTTT

Digitally native consumer product holding company White.Inc has announced raising over $1 million funding in the seed round which was led by Dholakia Ventures, along with Inflection Point Ventures and First Port. Angel investors Suhail Sameer and Shashvat Nakrani from BharatPe, Guruvanth Vaid from 4G Capital Ventures, and Aniket Gore from Ceramet Group, also participated […] from Indiaretailing.com https://ift.tt/RyzQAN8 via IFTTT

Malabar Gold and Diamonds, a jewellery retail chain in the country, has relaunched its Andheri showroom. The renovated store, offering a luxurious atmosphere, provides a large collection of designs at fair prices, with reasonable making charges starting from 7.9%. “We are delighted to provide an all-new jewellery shopping experience to our customers in Andheri. This […] from Indiaretailing.com https://ift.tt/t1504cE via IFTTT

Reliance Brands Ltd is planning to open its first Valentino store in New Delhi later this month, further expanding the number of luxury labels under its portfolio. Two people familiar with this matter said Reliance Brands plans to open the store later this month around Diwali in DLF’s swish Emporio mall in New Delhi’s Vasant […] from Indiaretailing.com https://ift.tt/S2zei4h via IFTTT

Kimirica, the premium vegan bath, body, and skincare brand, has opened a new gifting studio at Kalpataru in Indore, just ahead of the festive season in a bid to cash in on festival shopping.  To cater to the gifting season crowds, the Gifting Studio will stay open from 11 am to 12 am through this […] from Indiaretailing.com https://ift.tt/lO4Vmyk via IFTTT