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

How Coca-Cola experienced a 5 times growth in its business post its collaboration with Jiomart Partner Mumbai : Why is it important for brands and retailers to work together? Well, it all boils down to the eternal quest for market growth and expansion — the holy grail of success in the retail business. With technology disrupting traditional ways of doing business and shifts in consumer habits spurring quick changes in the retail industry, it has become more important than ever for both brands and retailers to constantly innovate and look for the next opportunity. Also, with competition heating up India’s food & grocery retail industry, even the Goliaths have to fight tooth and nail with the quick-footed Davids — young start-ups and upstarts that are more hungry and determined to carve their own place in the market. It is not uncommon to see young start-ups nipping at the heels of the traditional heavy-weight players. In such a hot-house market scenario where brands and retailers...

With the help of the retail management platform nStore, Monginis will be able to leverage its omnichannel capabilities through ONDC Bengaluru:  Mumbai-based pastry and bakery chain   Monginis has partnered with digital platform nStore Technologies across ONDC (open network for digital commerce) communities, announced the companies in a joint press release on Friday. The partnership will help Monginis stores to create offers, run promotions and fulfil orders at a hyperlocal by leveraging its omnichannel presence. “We are happy to partner with nStore, which has built a simple platform to engage with the communities. The power of this platform is to identify each store as a fulfilment unit, which is quite critical for success, as the product is perishable and freshness is essential while delivering,” said Ayyappan Swamy, national head of marketing and franchise operations at Monginis. “This will also help us make our franchisee partners discoverable on the ONDC network,” he ...

Asus plans to open at least one Select store in each division of West, East, and South India New Delhi:  Taiwanese tech company ASUS India launched a select store for refurbished personal computers (PCs). The brand’s latest store is located at Nehru Place in New Delhi and is spread across an area of 360 sq. ft. The Asus Select store will feature a modern design, with a spacious and comfortable layout to encourage customers to browse and explore the refurbished products, said the company in a press release. “Nehru Place, widely regarded as the largest electronics market in India, has been selected as the site for our Select store, considering the high volume of customers who visit the market seeking to purchase new or refurbished computing devices,” said Arnold Su, business head, consumer and gaming PC, system business group, Asus India. Asus is offering a discount of 20% – 30% off on the retail price of its high-end product category at its latest Select store. It will offer ...

Etchcraft Emporium is set to open its next store in DLF Cyberpark, Gurugram in the coming month Mumbai : Bootstrapped, premium personalized accessories startup Etchcraft Emporium , which started in 2019 as an online-only D2C brand, has announced its plans to expand its retail presence with offline stores in major cities across the country. The store will be featuring premium collections of watches, jewellery, and other personalised accessories. The company is all set to open its next store in DLF Cyberpark, Gurugram in the coming month, for which it has acquired a space of 250 sq. ft., the company said in a release. Another store is to be launched in Chandigarh, Punjab by April, which is in construction, added the release. “In the previous fiscal year, our Civil Lines, New Delhi store has witnessed 60% growth year-over-year. Post witnessing a progression with our online business, we forayed into the offline market and opened two stores in New Delhi at Kamala Nagar and  DLF Mal...

Earlier, Commerce and Industry Minister Piyush Goyal unveiled (FTP) Foreign trade policy  2023 which will come into effect from April 1, 2023. New Delhi, Mar 31 (PTI) The government on Friday came out with Foreign Trade Policy (FTP) 2023 which seeks to boost the country’s exports to USD 2 trillion by 2030 by shifting from incentives to remission and entitlement based regime. Unlike the practice of announcing 5-year FTP, the latest policy has no end date and will be updated as and when needed, said Director General of Foreign Trade (DGFT) Santosh Sarangi while briefing media about FTP 2023. Earlier, Commerce and Industry Minister Piyush Goyal unveiled FTP 2023 which will come into effect from April 1, 2023. The DGFT also said India is likely to end this fiscal year with total exports of USD 760-770 billion as against USD 676 billion in 2021-22. The last five-year policy came into force on April 1, 2015. However, it was extended several times in the wake of coronavirus outbrea...

Situated at Phoenix Palladium mall, it is the third Da Milano outlet in Ahmedabad Mumbai : Da Milano , luxury leather accessories brand, recently opened its new outlet at Phoenix Palladium Mall, Thaltej, Ahmedabad, Gujarat the company announced on its official social media handle. This will be the brand’s third store in the city. Founded in 1989, Da Milano sells 45 categories, from handbags to computer bags, small leather goods to corporate essentials for both men and women with a lifetime warranty. Lately, it has been expanding fast and has over 80 stores in the country. The brand is expanding its forefront internationally with six stores in UAE – five in Dubai and one in Sharjah, one store in Bahrain–one in Nepal, and many more as per Sahil Malik, managing director, Da Milano. By the end of 2023, the brand aims to extend its footprints to the South East Asian market including Indonesia, Singapore, Malaysia, and further parts of the UK, added Malik. The Phoenix Palladium leading ...

The new outlet is situated at Forum Falcon City, Konanakunte, Bengaluru Bengaluru:  Celebration wear brand Manyavar has launched a new store in Bengaluru, a company official announced on social media. The new outlet is situated at Forum Falcon City, Konanakunte, Bengaluru. Kolkata-based ethnic wear brand Manyavar was launched in 2002 by Ravi Modi and is parented by a 24-year-old company Vedant Fashions Ltd. As a part of its retail expansion in South India, Vedant Fashions Ltd. opened a Manyavar-Mohey store at New Bel road, Bengaluru three days ago according to Nikhil Motwani, director of MH Ventures Pvt Ltd, a franchise partner of Vedant Fashions Ltd. Mohey is an ethnic wear brand for women. Apart from Manyavar, other fashion brands under Vedant Fashions include Manthan, Twamev, Mebav and Mohey. The company has over 600 stores across India and more than 11 international stores, where it sells celebration wear for men and women. The company operates in over 230 cities across I...

Spread across 7,521 sq. ft. space, the Asia’s biggest Levi’s store advances Levi’s direct-to-consumer strategy and expansion focus in the continent Bengaluru:  Denim brand Levi’s has chosen Bengaluru as the city to open its largest store in Asia. Spread across 7,521 sq. ft., the store is located at Brigade Road in Bengaluru, the brand said in a release on Thursday. “With consumer behaviour shifting in the ever-changing retail landscape, we at Levi’s continue to prioritize how we deliver our iconic products and an impactful brand experience, especially to our growing base of young, savvy consumers in India and across Asia,” said Amisha Jain, managing director, South Asia, Middle East and Africa at Levi Strauss and Co. “With this year marking the 170th anniversary of Levi Strauss & Co., the Brigade Road store – our largest in Asia – aims to be a premium one-stop-shop in one of the region’s most vibrant cities,” he added. The store advances Levi’s direct-to-consumer strategy ...

The new outlets are located at Coimbatore and Navi Mumbai Bengaluru:  Avantra by Trends, an ethnic wear brand by Reliance Retail, has launched an exclusive store in Navi Mumbai, a company official announced on social media today. The outlet is located at Nexux Sea Woods, Sector 40, Nerul, Navi Mumbai. “We are rapidly expanding across the country and this time, with our first ever store opening in the West of India, in Navi Mumbai,” the brand said. The retailer also launched its first store in Coimbatore 2 days ago, announced Sudhir Dnyanval, head of business development, Avantra by Trends in a LinkedIn post. Located at Prozone Mall, Saravanampatti, Coimbatore, the new outlet is the fifth Avantra store in Tamil Nadu. The other four outlets of Avantra by Trends in Tamil Nadu are situated at T. Nagar (Chennai); Gandhi Nagar, Adyar (Chennai); Anna Nagar (Chennai); and Thottapalayam (Vellore). Recently, the concept store chain opened its third store in Kerala at Sultanpet, Palakka...

The winning way forward for physical retail owners is to leverage next-gen retail innovations that will yield high ROIs and create sustainability in the retail business New Delhi:  Steve Jobs once said, “Technology by itself doesn’t make leaders. Technology only amplifies true leadership.” The retail industry is evolving fast. This evolution can be mapped through changing consumer demands and, most importantly, consumer behaviour. A decade ago, we would see cities full of busy retail stores and consumers waiting for the stock, even if it took a long time. Today, not only has consumer purchasing power become more volatile, but consumers have also become more brand conscious. It is hence important for retailers to tailor their retail management to the current consumer landscape and what motivates them and their purchasing decisions. They need to also understand how technology is making all the difference in converting tangible customer delight to revenues. The brick-and-mortar r...

The mall will have outlets of global clothing and accessories retail chain- Gap (first in Pune), home retailer- Homecentre, restaurants namely Skye and Pop Tate’s Mumbai : Seasons mall , situated at Magarpatta city, Pune, is set to launch outlets of global clothing and accessories retail chain- Gap (first in Pune), home retailer- Homecentre, restaurants – Skye and Pop Tate’s announced the mall on social media. The Seasons mall earlier launched the largest concept store of kids’ brand First Cry spanning over 9,000 sq. ft. “Apart from the wide range of clothes and accessories choices for your little kids, this new age concept store now caters to children of up to 12 years,” the Linkedin post added. The four-storey mall consists of 70,000 sq. ft. of parking area which can accommodate over 2,000 four-wheelers and two-wheelers. The food court is spread across a 25,000 sq. ft. area and has a seating capacity of 1,200. It is leased out to various F&B brands as independent kitchen sp...

The rise is driven by demand from retailers in fashion & apparel, homeware, and departmental stores categories New Delhi: Leasing of retail space in malls and prominent high-street locations across eight major cities is expected to rise 17-28 per cent to 55-60 lakh square feet, driven by demand from retailers in fashion and apparel, homeware, and departmental stores categories, according to CBRE India. Real estate consultant CBRE South Asia Pvt Ltd on Wednesday released its report, ‘2023 India Market Outlook’ that highlights key trends and projections for realty sector. “Retail leasing is expected to touch 5.5 6 million (55-60 lakh) square feet in 2023, the highest level after the 2019 peak of 6.8 million (68 lakh) square feet. It is expected that primary leasing in newly completed malls will remain the key driver of retail space demand in 2023,” the consultant said. Figures denote leasing of space in investment-grade malls, prominent high streets and standalone developments....

While there are a lot of odds stacked against the relaunch of Campa in the Indian carbonated beverage market, experts are hopeful that Reliance will be able to pull off a Jio… Or will it? Mumbai: Reliance Consumer Products Ltd (RCPL) acquisition of yesteryear’s iconic Indian soda brand Campa Cola has grabbed headlines and airtime. But the question now is whether Reliance will be able to live up to its expectations and take Coke and Pepsi head on in a very competitive market dominated by the two US cola giants. RCPL, the FMCG arm of the wholly-owned subsidiary of Reliance Retail Ventures Limited (RRVL), earlier this month announced it has acquired the beverage brand Campa for Rs 22 crore. RCPL said it plans to first roll out the beverage in Andhra Pradesh and Telangana before going to other states across the country. The sparkling beverage is being launched in three flavours: Campa cola, Campa lemon and Campa orange. Campa will be available in five pack sizes: 200 ml, 500 ml and 6...

The Kolkata-headquartered company, which owns Bisk Farm’ brand, is likely to close the current financial year with a revenue of around Rs 2,100 crore Kolkata:  Biscuit maker Saj Food Products, which is expecting to touch a revenue of Rs 2,500 crore in the 2023-24 fiscal, is eyeing at Rs 5,000 crore turnover in five years, a company official said on Tuesday. The Kolkata-headquartered company, which owns Bisk Farm’ brand, is likely to close the current financial year with a revenue of around Rs 2,100 crore. “We are aiming at Rs 5,000 crore of revenue in the next five years. The company expects to touch a turnover of Rs 2,500 crore in the next fiscal,” Saj Food Products managing director Vijay Kumar Singh told reporters here. The biscuit maker is trying to expand its distribution network in the east, south and north of the country for achieving a higher revenue next fiscal, he said. The company, currently, has six plants – four in West Bengal and one each in Nagpur and Bangalore...

The clothing department store Pantaloons opened its latest outlets at Aerohub in Chennai and at VIP Road in Surat in Gujarat New Delhi: Aditya Birla Group-owned department store chain  Pantaloons  opened two stores this week, one at VIP Road at Surat in Gujarat and one at Aerohub in Chennai, as per social media posts by company officials. Last week, the brand opened two outlets, one at Kumbakonam in Tamil Nadu and one at Jabalpur in Madhya Pradesh. The news about the Surat store was announced by Rohan Pawar, Technical Manager in central procurement cell, Aditya Birla Fashion and Retail Ltd. and the one about the Aerohub store was announced by Rajdeep Sarkar, general manager for South at Pantaloons. “Launch of our Pantaloons store in VIP Road Surat # Gujarat # Many more to come,” wrote Pawar in his LinkedIn post on March 27, 2023. “Team Pantaloons welcome you all at Aerohub, Chennai,” wrote Sarkar in his LinkedIn post on March 25, 2023. Source: LinkedIn Pantaloons is...

Following the deal, shares of Kalyan Jewellers plunged 9.06 per cent to settle at Rs 107.9 on the National Stock Exchange (NSE) New Delhi: Highdell Investment, which is owned by private equity major Warburg Pincus, on Tuesday divested 2.26 per cent stake in Kalyan Jewellers India Ltd for little over Rs 256 crore through an open market transaction. Following the deal, shares of Kalyan Jewellers plunged 9.06 per cent to settle at Rs 107.9 on the National Stock Exchange (NSE). According to bulk deal data available with the NSE, Highdell Investment sold a total of 2,33,25,686 shares of the jewellery chain company, amounting to 2.26 per cent stake in the company. The shares were offloaded at a price of Rs 110.04 apiece, taking the transaction size to Rs 256.67 crore, as per the data. However, the buyer of the shares could not be ascertained immediately. Highdell Investment owned 26.36 per cent stake in the company as of December quarter, latest shareholding data with the BSE showed...

Citykart Pvt Ltd. an Indian fashion retailing company launches a new store in renukoot Uttar Pradesh the first in the town New Delhi: Citykart Pvt. Ltd. an Indian value fashion retailer launches a new store in town of Renukoot in Uttar Pradesh. With this CityKart has a total of 49 stores in Uttar Pradesh and 93 stores pan India. The store aims to provide affordable quality products. It also commits towards transparency of product prices as the store is targeting the middle class  family in Renukoot .The store claims to have 7000 customers till now and it has also provided employment to 30 plus individuals in the town. Sudhanshu Agarwal, founder and CEO, Citykart Retail said, “We are thrilled to announce the opening of our 49 th  store in Uttar Pradesh and the first one in the town of Renukoot.Established in 2016, Citykart Pvt. Ltd. has an established presence across 7 states and 77 cities in North India the company is also looking forward to open 250 more stores in nex...

The Gurugram-based firm plans to use the funds to fuel its ongoing transition into a global business with significant operations in the USA, Gulf, and Europe New Delhi: B2B e-commerce startup Fashinza, which focuses on global fashion supply chains, has secured $30 million debt funding from Liquidity Group subsidiary Mars Growth Capital, the company said on Tuesday. The Gurugram-based firm plans to use the funds to fuel its ongoing transition into a global business with significant operations in the USA, Gulf, and Europe. “As we focus on expanding our presence in international markets, including the USA, we are excited to partner with Liquidity Group to support our growth and to bring our innovative manufacturing solutions to a global audience,” Abhishek Sharma, Co-Founder and COO, Fashinza said. He said that Liquidity Group’s extensive knowledge of navigating international markets will help the company penetrate new markets and provide manufacturing solutions to key clients world...

The new Cantabil store is located at Jorhat in Upper Assam Bengaluru:  Apparel manufacturer and retailer Cantabil Retail India Ltd. has launched an exclusive store in Assam, a company official announced on social media. The store is located at Jorhat in Upper Assam. The retailer has expanded its retail footprint by opening more than nine exclusive stores in 2023. The stores have been opened at different locations across the country including Ambikapur (Chhattisgarh), Srinagar (Jammu & Kashmir), Kota (Rajasthan), Jaipur (Rajasthan), Gauriganj (Uttar Pradesh), Pune, (Maharashtra), Balia (Uttar Pradesh), Amritsar (Punjab) and Faridkot (Punjab). IndiaRetailing has compiled the figures from multiple LinkedIn posts by Cantabil Retail India Ltd. With this store opening, Cantabil Retail has reached the 446 store mark across India. The brand plans to keep expanding by opening six to seven stores every month and to open 80 to 90 stores every year. It will especially focus on tier 2...

The company is partnering with G7CR Technologies’ STAB program for ISV’s to make Prana POS solution available on the Microsoft Azure Marketplace Bengaluru: eRetail Cybertech, a cloud-based billing and inventory management software has partnered with G7CR Technologies’ STAB program for ISV’s to make its POS (point of sale) billing software Prana POS available on the Microsoft Azure Marketplace. “We are in the process of launching our own e-commerce product shortly, focused on small and medium retailers. eRetail has successfully completed 20 years in business and this has been possible only because of our customers’ constant feedback and support’’ said Velu Srinivasan Bhaskaran, managing director, eRetail Cybertech. eRetail Cybertech provides omnichannel retailing solutions to retail sectors like fine dining restaurants, QSR (quick service restaurants), supermarkets, book stores, fruits and vegetables, and wine stores. It operates across segments such as inventory and store manageme...

Male consumers spent 36% more money than female consumers online in their last online shopping transaction as per the Indian Institute of Management Ahmedabad  (IIMA) survey Mumbai : Tier 2 to tier 4 cities spent up to 77% more than tier 1 cities in their last online shopping transaction, revealed a survey report by the Indian Institute of Management Ahmedabad (IIMA) titled ‘Digital Retail Platforms and Consumer Emotions: An Indian Perspective.’ The report offers crucial insights into digital retail adoption across India and how it has transformed into a ubiquitous shopping option for many, both in urban and rural India. It also suggests that consumers visit multiple websites, comparing deals, refund policies, payment security, and the estimated time of arrival of products before deciding on a purchase. Fashion, clothing, and electronics are the major product categories in which consumers made their last online purchases. Some of the key findings of the report are: Consumers ...

Menswear retail brand Turtle opens its first Mumbai outlet at Phoenix Market City, Kurla Mumbai : Kolkata-based menswear brand Turtle Ltd. , recently launched its first outlet in the country’s economic capital, a company official announced on social media. The brand’s first outlet  in Mumbai at Phoenix Market City, Kurla, Shitanshu Jhunjhunwalla, director, Turtle,   announced in a LinkedIn post. Turtle offers complete menswear including shirts, trousers, jackets, suits, socks, shoes, accessories etc. for men between 22-45 years of age from A+, A and B sections in tier 1, 2 and 3 cities. It is present on major e-commerce sites such as Flipkart, Myntra, and Amazon. The brand also launched its first exclusive store at Sarath City Capital Mall, Gachibowli – Miyapur Rd, Whitefields, Telangana a couple of weeks ago, announced a company official on social media. The brand started its operations in 1993 and the factory commenced the next year. The first EBO was inaugurated in K...

Reliance has entered the personal and home care segment of FMCG, offering products at 30 to 35 per cent lesser price New Delhi:  After stirring a price war in the soft drink segment with the relaunch of Campa, billionaire Mukesh Ambani-led Reliance has entered the personal and home care segment of FMCG, offering products at 30 to 35 per cent lesser price. Experts say “the jury is out” and a competitive offering from Reliance would attract the customers to try its products and evaluate performance, quality and perception in comparison to the same from the established brands. Products of RCPL, the FMCG arm and wholly-owned subsidiary of Reliance Retail Ventures Limited (RRVL), are available only in selected markets but the company is building a dealer network on a pan-India basis, and the availability of its products will be scaled up across modern and general trade channels. “They are creating a distinct and dedicated distribution network comprising traditional dealer/stockist...

The report highlights innovative ways in which retailers globally leverage advanced analytics and AI across the value chain A joint initiative by Global consulting firm Boston Consulting Group (BCG) and Retailers Association of India (RAI), the ‘₹400 Bn EBITDA Opportunity With Advanced Analytics and AI’ report highlights innovative ways in which retailers globally leverage advanced analytics and AI across the value chain. It also shares an overview of the maturity level and extent of the current adoption of advanced analytics and AI by Indian retailers, providing a roadmap for Indian retailers on how to get started, the right approach, capabilities, and partnerships needed to ensure successful adoption and value realization. The report also elucidates the varying relative importance of use cases across different retail sub-sectors and illustrates select examples of global retail leaders that have adopted advanced analytics and AI to solve critical business challenges and demonstrat...

These companies created a lot of hype when they listed on the bourses. But soon broke the hearts and banks of those who invested in them…  By Abhisar Narula New Delhi:  Initial Public Offerings (IPOs) have been attracting a lot of investor interest in the past couple of years. Lately, IPOs of retail companies, in particular, were among the highly anticipated lot, thanks to the stellar success of public issues by retailers like D-Mart (Avenue Supermarts), which zoomed 105% over its list price of Rs 299 as it made its debut on the Bombay Stock Exchange (BSE) on 21 March 2017 at ₹604.4. The year 2021 saw as many as 63 companies going public and accumulating over Rs 1,18,000 crore from their IPOs. As the bearish sentiments started dominating till the offset of the financial year 2021-2022, many stocks that were overhyped during their listing started to tank, some even below their issue prices. As they nosedived, they shattered the hopes of i...