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

In partnership with AZADEA Group Flying Tiger Copenhagen has opened a new store in Dubai By Rupkatha B New Delhi: In partnership with AZADEA Group Flying Tiger Copenhagen has opened a new store in Mall of the Emirates. The Danish brand’s efforts to provide quality and innovative products while keeping affordability and sustainability at its […] from IndiaRetailing.com https://ift.tt/sEfO4Wm via IFTTT

The luxury retail platform Le Mill offers curated products from leading international brands like Acler, Aje, Alex Perry, Bassike, Rosantica, Courreges, Rhode, Rosantica, Rotate, Three Graces London, and Wandler Mumbai: Fashion e-commerce platform Tata Cliq Luxury has partnered with two French businesswomen Cecilia Morelli Parikh and Julie Leymarie to introduce Le Mill, a multi-brand luxury […] from IndiaRetailing.com https://ift.tt/ZOQrtBg via IFTTT

The first phase of retail Indian digital rupee will begin with four banks — State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank in four cities across the country Mumbai: The Reserve Bank will launch the first pilot for retail digital rupee (e?-R) in Mumbai, New Delhi, Bengaluru and Bhubaneswar on December […] from IndiaRetailing.com https://ift.tt/jAWiKUc via IFTTT

In August, Reliance Brands, the high-end fashion and lifestyle retailing unit of Reliance Retail, announced it has signed a long-term franchisee agreement to sell Balenciaga products in India New Delhi: Reliance Brands is preparing to open the first Balenciaga store in New Delhi, two people familiar with the plans said. They said the Balenciaga store […] from IndiaRetailing.com https://ift.tt/cXQCefw via IFTTT

ICRA estimates that multiplex industry revenues will exceed pre-pandemic revenues (FY2020 revenue) by 6-8% in FY2023e It’s showtime for Indian Multiplexes. The profitability margin of the Indian Multiplex industry in comparison to operational losses in the previous two years, is predicted to be 14-16% (adjusted for Ind-AS 116) [1] for the full fiscal FY2023, as […] from IndiaRetailing.com https://ift.tt/qlpxzuc via IFTTT

The launch of Hamleys Albania is part of the toy chain’s global expansion to newer markets New Delhi: Hamleys has made its debut in Albania as Reliance Retail seeks to expand the toy retailer’s reach to several new markets including the US and Canada. Hamleys opened its first store in the country at Emerald Center […] from IndiaRetailing.com https://ift.tt/o3XevUN via IFTTT

With these partnerships, TMRW aims to clock an annual revenue run-rate of more than Rs 1500 Cr over the next 12 months Bengaluru: TMRW, an Aditya Birla Group venture, announced a partnership with eight Digital-First lifestyle brands today. These partnerships are being done to create a leading technology-led digital first ‘House of Brands’ business.  After […] from IndiaRetailing.com https://ift.tt/Ndkwt85 via IFTTT

Reliance Retail’s Swadesh, the artisan-only store format, will compete directly with state emporiums and sell artisanal products including agriculture and food products, handlooms, clothing, textiles and handmade natural product New Delhi: Reliance Retail has taken a 30,000 sq ft space in New Delhi’s Connaught Place to open a handicraft and artisan items retailing format that […] from IndiaRetailing.com https://ift.tt/DgoMSYU via IFTTT

Consumers consider authenticity, professionalism, digital literacy, and payment gateways before trusting an e-commerce platform, finds Instamojo survey A recent survey by retail solutions provider Instamojo revealed that authenticity, professionalism, digital literacy and payment gateways are the key factors that influence a consumer’s trust about an ecommerce platform. Authenticity: Business owners pointed out that sometimes buyers […] from IndiaRetailing.com https://ift.tt/65Gv4UV via IFTTT

1K Kirana aims to triple the number of stores it partners with to 5,000 stores by end of next year New Delhi: 1K Kirana, which offers business strategies and solutions to kirana stores is looking to triple its partner base by end of 2023, the brand said in a release.  The brand currently has more […] from IndiaRetailing.com https://ift.tt/DsMPUv6 via IFTTT

The parliamentarian demanded that Ramdev should stop using the Patanjali name in their brand, alleging that they did nothing for the maharishi’s birthplace in Uttar Pradesh’s Gonda district.  Gonda: BJP leader Brij Bhushan Sharan Singh alleged on Thursday that Patanjali founder Ramdev set up a business empire by using the name of Maharishi Patanjali, who […] from IndiaRetailing.com https://ift.tt/E6BpQTt via IFTTT

The Global Brand Licensing Firm Bradford has received the mandates from both the brands for their India entry.  New Delhi: International fashion brands Marie Claire and Swissbrand are entering the Indian retail market to tap the explosive growth in India’s fashion and lifestyle retailing market. Both France-based Marie Claire and Switzerland-based Swissbrand are coming to […] from IndiaRetailing.com https://ift.tt/k2dWHvo via IFTTT

This is PVR’s fourth superplex format in the country after its success in New Delhi, Bengaluru and Noida.  Thiruvananthapuram: PVR Cinemas, the film exhibition company, has opened Kerala’s first ever IMAX along with a 12-screen superplex at Lulu Mall in the state capital here. The cinemas, were formally inaugurated jointly by M A Yusuff Ali, […] from IndiaRetailing.com https://ift.tt/jHLFvN7 via IFTTT

India’s coffee business has seen sort of a resurgence in the last two years with a host of global and Indian players ramping up their presence throughout the country New Delhi: Australian coffee chain The Coffee Club is entering India, the latest player in India’s food and beverage segment that has witness a lot of action […] from IndiaRetailing.com https://ift.tt/Y7mnIQL via IFTTT

The swish Khan Market high street is increasingly becoming a destination for food and beverages service providers like restaurants and coffee shops and for other retailers with niche product lines New Delhi – A host of foreign retailers are leaving Khan Market, once a much-coveted retail destination of global brands. Brands said high rentals in […] from IndiaRetailing.com https://ift.tt/SYH2tWD via IFTTT

The 82-year-old pioneer of the Indian packaged water business denied a report that a Rs 7,000 crore deal has been finalised with Tata Consumer Products Ltd (TCPL).   New Delhi: Almost three decades of selling their soft drinks business to the US beverage major The Coca-Cola Company in 1993, Veteran industrialist Ramesh Chauhan on Thursday […] from IndiaRetailing.com https://ift.tt/fZQWOak via IFTTT

Black Friday sales that fall on the last Friday of November is the beginning of the Christmas season in the US. The phenomenon is rapidly catching up in India with an increasing number of brands dishing out heavy discounting during the even that stretches upto Monday. By Bhavishya Bir in New Delhi & Anagha R […] from IndiaRetailing.com https://ift.tt/Nnd2lD0 via IFTTT

Majority of the respondents have expressed their intention to spend their holiday season by experiencing at least one event, the report adds further New Delhi: Over 80 per cent Indians, highest among the surveyed countries, are planning to celebrate the holiday season with family and look to spend the most on travel and shopping, according […] from IndiaRetailing.com https://ift.tt/lx3k45y via IFTTT

The pilot with Meesho will be launched in Bengaluru and gradually rolled out in other locations in coming months. With this, registered buyers on ONDC will be able to access a list of products available on ONDC through Meesho. New Delhi: E-commerce platform Meesho on Wednesday said it has integrated with the government’s Open Network […] from IndiaRetailing.com https://ift.tt/D0g9lTB via IFTTT

Bollywood Actor Kajal Aggarwal invests in T.A.C. -The Ayurveda Company Having raised its seed round led by Azim Premji’s Wipro Consumer Care Ventures and other HNIs, T.A.C is now raising Series A funding of $15mn starting with Kajal’s investment. Gurugram: Bollywood and Tollywood actress Kajal Aggarwal has led the latest $15 million funding round of […] from IndiaRetailing.com https://ift.tt/Y684PtT via IFTTT

These companies have been included in the final list of prospective resolution applicants after receiving no objections from stakeholders concerned to the provisional list issued on November 10. New Delhi: Reliance Retail, Adani Group’s JV April Moon Retail and 11 other companies have made it to the final list of prospective bidders for acquiring debt-ridden […] from IndiaRetailing.com https://ift.tt/9GFVEdU via IFTTT

The capital will also be utilised to increase Bira 91’s distribution footprint in the domestic as well as international markets. New Delhi: Home-grown craft beer maker Bira 91 on Tuesday said it has raised USD 70 million (around Rs 571.56 crore) in a funding round, led by Japanese beer company Kirin Holdings. Bira 91, which had […] from IndiaRetailing.com https://ift.tt/blMwydF via IFTTT

Arvind Agarwal joined Nykaa from Amazon in July 2020 and is among key managerial personnel (KMP) who handled the initial public offer of the firm. New Delhi: FSN E-Commerce Ventures, which operates under the Nykaa brand name, on Tuesday said its chief financial officer Arvind Agarwal has resigned from the company. Agarwal joined Nykaa from […] from IndiaRetailing.com https://ift.tt/OprPEbL via IFTTT

The BIS standards, prepared after extensive stakeholder consultations and to be effective from November 25, will be voluntary but the government will consider making them mandatory in case the menace of fake reviews continues on the online platforms. New Delhi: E-commerce players like Amazon and Flipkart will have to voluntarily disclose all paid consumer reviews of […] from IndiaRetailing.com https://ift.tt/LUeMmuC via IFTTT

Aseem Kaushik will be succeeding Amit Jain, who has decided to retire by the end of this year, according to a statement from L’Oreal India, a wholly owned subsidiary of L’Oreal SA.   New Delhi (PTI): French personal care company L’Oreal on Monday announced the appointment of Aseem Kaushik as its Managing Director for India. He […] from IndiaRetailing.com https://ift.tt/2GT1FvH via IFTTT

Popular chocolate brands by Fazer like Karl Fazer and Geisha will be available via major retail outlets, airport stores and e-commerce platforms Bengaluru: Finnish confectionery brand Fazer has partnered with Aberdeen Group to launch and distribute Frazer’s products in India. The company’s bestsellers such as Karl Fazer and Geisha pralines will be available to Indian […] from IndiaRetailing.com https://ift.tt/7zATtjJ via IFTTT

Areez Pirojshaw Khambatta is known for creating the iconic home-grown beverage brand Rasna, which is sold at 1.8 million retail outlets in the country. New Delhi, Nov 21 (PTI) The Rasna Group on Monday said its founder and Chairman Areez Pirojshaw Khambatta has passed away. Khambatta, 85, who was also the Chairman of Areez Khambatta Benevolent […] from IndiaRetailing.com https://ift.tt/fIwF0qD via IFTTT

Licious is also working with a very “sharp focus on driving profitability” along with strengthening an offline presence added the co-founder New Delhi: Meat and meat products D2C online platform Licious expects its revenue to cross the Rs 1,500 crore mark in 12 months but it is not planning an initial public offer before 2025-26, […] from IndiaRetailing.com https://ift.tt/42TMR9Q via IFTTT

Blue Dart has opened these stores in Uttarakhand, Haryana, Uttar Pradesh, Rajasthan, Punjab, West Bengal, Odisha, Telangana, Andhra Pradesh, Kerala, Karnataka, Maharashtra, Goa, and Gujarat Mumbai: Blue Dart has set up 25 retail outlets in Tier-I and Tier-II towns as part of its expansion roadmap. Besides these 25 retails outlets, the company plans to establish […] from IndiaRetailing.com https://ift.tt/tk2q7Ii via IFTTT

TeamLease Degree Apprenticeship will train 6,500 apprentices at Infiniti Retail Limited (Croma), Metro Brands, Ferns & Petals and Pepe Jeans India on both domain competencies and behavioural skill sets New Delhi: TeamLease Degree Apprenticeship, formerly known as NETAP, has announced its partnership with leading retail brands to improve the employability of their workforce. TeamLease Degree […] from IndiaRetailing.com https://ift.tt/4xMHhX0 via IFTTT

The Nexus Select Trust REIT is backed by Blackstone. The USD 500 mn public issue will hit the market in the first half of 2023 calendar year New Delhi: Global investment firm Blackstone-sponsored Nexus Select Trust filed the draft paper with market regulator SEBI on Thursday to launch India’s first public issue of retail Real […] from IndiaRetailing.com https://ift.tt/V2CiJx1 via IFTTT

Khadim reported that its revenue from operation stood at Rs 186.03 crore, clocking a growth of 15% over Rs 162 crore in the corresponding quarter of last fiscal New Delhi: Footwear retailer Khadim India Ltd.’s Profit After Tax (PAT) for the second quarter (July to September 2022) stood at INR 5.02 crore. This is a […] from IndiaRetailing.com https://ift.tt/wkB6Lyg via IFTTT

The first two Galeries Lafayette stores will open at Fort in Mumbai and DLF Emporio in Delhi, respectively. Each of the stores will bring more than 200 luxury and designer brands under one roof Mumbai: Aditya Birla Fashion and Retail Limited (ABFRL) has entered into a strategic partnership with iconic French department store player Galeries […] from IndiaRetailing.com https://ift.tt/zMY7dks via IFTTT

Reliance Retail is scouting for spaces in luxury malls in Mumbai and Bengaluru to open Armani/Caffè there New Delhi: Reliance Retail is in advance talks with Milan-based luxury company Armani to bring the Michelin-starred Armani/Caffè to India, two people familiar with the development said. As part of the project, Reliance Retail is currently in talks […] from Indiaretailing.com https://ift.tt/GTLIWnM via IFTTT

MacV by McPherson & Valentine will retail over 120 styles of sunglasses and other eyewear for adults and kids at affordable prices Indore: MacV, the Scottish Sunglasses brand by McPherson & Valentine has opened its first store in Madhya Pradesh located at the Indore airport. MacV will offer an exciting range of superior quality sunglasses […] from Indiaretailing.com https://ift.tt/GyJLocR via IFTTT

Beginning December, the aggregator will launch in two phases, first with the sellers and then with the buyers with product categories like fashion, home, beauty and personal care Mumbai: CoutLoot, retail aggregator for unbranded non-grocery products, has joined the Open Network for Digital Commerce (ONDC), a Government of India initiative to develop an open network […] from Indiaretailing.com https://ift.tt/RsSihFz via IFTTT

Spread across 665 sq. ft., it is the company’s first franchise retail outlet in Chennai and its seventh outlet in Tamil Nadu Chennai: Modular kitchen company Ultrafresh Modular Solutions Limited, an independent subsidiary of TTK Prestige Limited., has launched its first studio at Keelkattalai in Chennai. Spread across around 665 square feet, it is the […] from Indiaretailing.com https://ift.tt/Gd73yoY via IFTTT

Consumer durables and electronics (CDIT) and quick service restaurants (QSR) emerged as the best performing categories with a growth of 38% and 33% respectively, compared to sales levels in October 2019 New Delhi:  Retail sales in India was up 19% in October 2022 compared to the same month in pre-pandemic level while retail businesses posted […] from Indiaretailing.com https://ift.tt/JHr9Otv via IFTTT

Other entities that have submitted Expression of Interests (EOIs) include Boomidala Enterprises Pvt Ltd., Capri Global Holdings Pvt Ltd, Shalimar Corporation Ltd., Nalwa Steel & Power, United Biotech, WHSmith Travel, and United Biotech Pvt Ltd. New Delhi: Firms run by billionaires Gautam Adani and Mukesh Ambani are among the 13 companies that have submitted initial […] from Indiaretailing.com https://ift.tt/1fHADPa via IFTTT

Located at Nexus Seawoods Mall in Navi Mumbai, the store is spread across 15,000 sq. ft. and offers a tech-enabled consumer journey Mumbai: Reliance Retail, India’s largest retailer, by number of stores, announced the launch of the second store of its premium fashion and lifestyle brand, AZORTE at Nexus Seawoods Mall, Navi Mumbai. Spread across […] from Indiaretailing.com https://ift.tt/Ks8XPig via IFTTT

In July 2021, Flipkart announced raising USD 3.6 billion. In August 2021, the firm invested USD 1.42 billion in various arms just ahead of the festive season New Delhi: E-commerce major Flipkart has burnt cash of USD 3.7 billion (about Rs 30,000 crore) in about a year ending September 2022, according to regulatory filings. Flipkart had […] from Indiaretailing.com https://ift.tt/QXHSW1r via IFTTT

Credit will be offered through purchase cards. Arzooo aims to roll out over one lakh such cards over the next 12 months Bengaluru: HDFC Bank partners with retail tech platform Arzooo to launch purchase cards that have been exclusively designed for offline retailers. The aim is to roll out over one lakh such credit cards […] from Indiaretailing.com https://ift.tt/SfdBQ4b via IFTTT

Revenue from its commerce business increased 49 per cent y-o-y due to higher ticketing sales. One97 Communications, which owns the Paytm brand, has set a target to post operating profit by September 2023 New Delhi: Financial services firm One97 Communications’ commerce vertical has turned profitable at the operational level, an analyst said after the company’s […] from Indiaretailing.com https://ift.tt/yGnTCqB via IFTTT

The world’s third-largest fashion brand after Zara and H&M is looking to open 4-5 stores in Mumbai in 2023 and 2024 New Delhi: Uniqlo has initiated talks with several malls in Mumbai as part of the Japanese fashion retailer’s plans to enter the city as its next expansion, three people familiar with the development said. […] from Indiaretailing.com https://ift.tt/mbTv80A via IFTTT

CaratLane’s Q2 FY23 revenue stood at Rs 445 Cr a growth of 54% YoY, with an EBIT of INR 29 Cr. The brand recorded like-to-like retail sales growth of 41% Mumbai: Omni-channel Jewellery chain CaratLane recorded a revenue (NSV) of Rs. 445 Cr for the quarter (54% growth over Q2FY22). The India business delivered total […] from Indiaretailing.com https://ift.tt/Nvw9DVx via IFTTT

Spread across two floors with a retail footprint of 6,800 Sq. ft, the store features a combination of digital innovation, enhanced shopper experiences and the best of the brand’s offerings New Delhi: International sportswear brand Adidas has launched its largest flagship store in India at Select Citywalk Mall, New Delhi. The store launch was marked […] from Indiaretailing.com https://ift.tt/cJZXbuk via IFTTT

This is going to help Reliance Retail, the country’s largest retailer, expand its presence in the B2B segment New Delhi: Reliance Industries is set to acquire German retailer METRO AG’s Cash & Carry business in India in a deal estimated at around 500 million euros (Rs 4,060 crore), industry sources said. The deal includes 31 […] from Indiaretailing.com https://ift.tt/fcu7Yid via IFTTT

New Delhi: B2B unicorn udaan has fired 300-350 employees across India on account of role redundancies and cost-cutting measures, according to sources. Few of the employees told PTI that they were intimated about the layoff and told that the human resource department will reach out to them for final paperwork. Sources aware of the development […] from Indiaretailing.com https://ift.tt/miTYb9L via IFTTT

Customers can ask Alexa about the brand, its history and offerings Mumbai: Bespoke men’s ethnic wear brand Raghavendra Rathore Jodhpur has incorporated Amazon’s Alexa in all its five retail stores throughout the country. The system is customized to cater to every customer’s needs and queries when they visit one of the stores. From answering questions […] from Indiaretailing.com https://ift.tt/mT8f9UW via IFTTT

The brand is taking baby steps into offline retail by first opening kiosks; it plans to open 6 kiosks in this financial year New Delhi: Babycare D2C brand SuperBottoms has announced its foray into offline retail. The brand had opened its first kiosk at R City Mall, Ghatkopar in Mumbai last month. “Having an offline […] from Indiaretailing.com https://ift.tt/EG2WJVf via IFTTT

The exemption will allow large food retail chains and wholesalers to offer more varieties and brands of edible oils and meet consumer demand with ease New Delhi: The Ministry of Consumer Affairs, Food & Public Distribution Government issued a notification exempting wholesalers and big chain retailers of food from the current stock limit order, with […] from Indiaretailing.com https://ift.tt/5ftpmNn via IFTTT

Revenue from Madura Fashion & Lifestyle was up 45.51 per cent and that from Pantaloons was up 64.41 per cent New Delhi: Aditya Birla Fashion and Retail on Friday reported over five-fold jump in consolidated net profit at Rs 29.44 crore in the second quarter of FY23, led by robust festive sales and consistent performance […] from Indiaretailing.com https://ift.tt/RGdcoPL via IFTTT

Idnani brings with him 28 years of global experience, spanning 9 years in the US and the rest in India. New Delhi: Landmark Group India has appointed Vikram Idnani as President – Chief Information Officer. Idnani joined Landmark from Reliance Retail where he was Sr. Vice President/ and Head-IT. Idnani has 28 years of global […] from Indiaretailing.com https://ift.tt/oKyL7Ec via IFTTT

Growth in sales driven by tier 2 and other small cities; television sets, Washing machines and Refrigerators were among the top products sold Bengaluru: RetailTech platform Arzooo has witnessed a 400% rise in sale of white goods during the festive season as compared to last year. Televisions (540%), washing machines (330%) and refrigerators (300%) were […] from Indiaretailing.com https://ift.tt/zYdykpm via IFTTT

The move come close on the heels of rivals Stockholm-based Hennes & Mauritz (H&M) and London-based Marks & Spencer launching their home wares in India New Delhi: Zara is planning to introduce its home products in India, three people familiar with the plans said. The move comes close on the heels of rivals Stockholm-based Hennes […] from Indiaretailing.com https://ift.tt/PL7BR2S via IFTTT

The brand aims to open more than 10 Garmin brand stores in the country by the end of 2023 New Delhi: Wearable devices brand Garmin India, a unit of Switzerland-incorporated Garmin Ltd., has appointed Yeshudas Pillai as Country Head for its India operations. With this appointment, the brand wants to intensify its focus to reach […] from Indiaretailing.com https://ift.tt/voNZESg via IFTTT

The company has launched 52 categories under its private brands business which will be developed with the corpus New Delhi: E-commerce firm DealShare on Wednesday said it has launched 52 categories under its private brand business and plans to invest Rs 500 crore in the new segment in the next 2-3 years. The company has launched […] from Indiaretailing.com https://ift.tt/3qrGmAT via IFTTT

The new CEO will be responsible for scaling up the brand’s presence across physical and digital channels in India. Bengaluru: Pepe Jeans Inner Fashion, a G.O.A.T brands labs portfolio has announced the appointment of Rishi Mohindru as its Chief Executive Officer (CEO). He will be spearheading and driving growth for Pepe Jeans Inner Fashion (a […] from Indiaretailing.com https://ift.tt/P9deUp8 via IFTTT

New Delhi: Entry of big companies such as Reliance Retail and Tata Consumer Products in the beverages segment is positive and will only help the category to expand, Coca-Cola President (India and Southwest Asia) Sanket Ray said on Tuesday. The entry of the two home-grown majors is a “great opportunity” albeit with enhanced competition and […] from Indiaretailing.com https://ift.tt/Hn2j93h via IFTTT

Mumbai: Retail investment demand for gold bars and coins as well as central bank purchases pushed the global gold demand by 28 %  to 1,181.5 tonnes in the September quarter, according to the World Gold Council report. The total global demand stood at 921.9 tonnes during the July-September quarter of 2021, the World Gold Council’s […] from Indiaretailing.com https://ift.tt/VZ8XxMK via IFTTT

New Delhi: Beauty and fashion FSN E-Commerce Ventures, which operates under the Nykaa brand, on Tuesday posted a multi-fold increase in consolidated net profit at Rs 5.19 crore for the three months ended September. The company had posted a net profit of Rs 1.17 crore in the same period a year ago. Nykaas’s consolidated revenue […] from Indiaretailing.com https://ift.tt/QST6zYh via IFTTT

New Delhi: Walmart India Pvt Ltd, which operates Best Price Flipkart wholesale stores, has witnessed its loss widening to Rs 299.01 crore in FY22 despite its revenue from operations going up, according to financial data accessed by business intelligence platform Tofler. Wal-Mart India, in which Flipkart acquired 100 per cent interest in July 2020, had […] from Indiaretailing.com https://ift.tt/QIfilHY via IFTTT