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

Carpets were mainly seen as pieces of flooring but converting calligraphic works and paintings into wall hangings has given a boost to the demand for Kashmiri carpets Srinagar: Taking to innovation and adapting new designs, including colour combinations have worked wonders in reviving Kashmir’s famed carpet industry which was staring into oblivion just few years ago. Carpets were mainly seen as pieces of flooring but converting calligraphic works and paintings into wall hangings has given a boost to the demand for Kashmiri carpets. Now carpets are made to order with innovative techniques like mixing of Zari and silver threads, minute textures etc. The GI tagging done by the Department of Handicrafts has added value to the carpets — considered to be one of the finest art works — as customers are now assured of authenticity of the products they buy. Shahnawaz Ahmad got a degree in fine arts and became a carpet designer, preferring to carry on his family business of carpet exports....

Here is the list of the top 5 highest milk-producing companies that are contributing to keeping India among the top milk producers in the world New Delhi:  India was the highest milk producer in the world in the year 2021-2022, contributing to 24% of the world’s milk production, according to the data from Food and Agriculture Organization Corporate Statistical Database (FAOSTAT). During the same period, Rajasthan emerged as the highest milk-producing state in the country, contributing to 15.05% of the total milk production, AS per media reports. Here is the list of the top 5 highest milk-producing companies or cooperatives in India mentioned as per their per-day procurement capacity. Amul (Gujarat Cooperative Milk Marketing Federation Ltd) With a daily milk procurement of 26.3 million litres, Amul or Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF) is India’s biggest milk producer. Amul had a turnover of $ 6.2 billion (Rs 50,000 crore) in 2021-22 which further grew ...

IndiaRetailing brings you a series on India’s key retail tech icons. Featuring Kunal Mehta, program director, Tata Consultancy Services Ltd. this week New Delhi: Today’s CIO must know how to leverage technology to create value for the business. No longer are CIOs department heads of a support function, they are in the driver’s seat and need to be more than just subject-matter experts. According to International Data Group (IDG)’s “State of the CIO Study 2022,” 58 percent of workers outside of IT describe their company’s CIO as a “strategic advisor who proactively identifies business opportunities and makes recommendations.” In this special feature, IndiaRetailing showcases the torchbearers of retail technology. This week, the spotlight is on…. Kunal Mehta Kunal carries 21 years of experience in the retail and manufacturing sector across a wide range of organizations in leadership roles, primarily responsible for Enterprise IT Operations and IT Strategy. In the past, he has worked...

10 outstanding success stories of collaboration exemplifying how brands and retailers can create a winning playbook by leveraging each other’s capabilities and resources By collaborating, brands and retailers can reach out to new customers and expand their reach in the market. Retailers can help brands distribute their products more effectively by leveraging their existing distribution networks. Brands can benefit from retailers’ expertise and resources, such as data analytics and omnichannel capabilities, to enhance their operations and offerings. Together, they can collaborate on marketing and promotional activities to drive sales and raise brand awareness besides helping each other to tap into new revenue streams, reduce costs, and improve overall profitability. We bring you 10 outstanding success stories of collaboration between food and FMCG brands and retailers in building new consumption/ product categories or transforming a traditional category with innovation. How B Natura...

IndiaRetailing brings you a series in which we highlight the brand icons in India’s thriving fashion and lifestyle industry. This week, the spotlight is on Ayushi Gudwani Mumbai : No business can survive for long without a vision; even if it does, it would be susceptible to every disruption and upheaval that generally comes in its business cycle. It needs a leader who has the capacity to translate, create that vision, or make it clearer and turn it into reality. The very essence of leadership is having a vision in the first place. Moreover, as you can’t blow an uncertain trumpet, it should be clearly articulated so that they can manage and lead people. A team led by a visionary leader with a clear direction knows what it can achieve and how far it can go. In this special feature, IndiaRetailing highlights the brand icons in India’s thriving fashion and lifestyle industry. This week, the spotlight is on… Ayushi Gudwani Founder and CEO, FS Life – FableStreet , Mikoto, Pink Fort Ed...

From offering a seamless shopping experience to embracing the revolution set by digitization, omni-channel in retail has been witnessing a consistent momentum. Digitization is bringing in fresh features at a lightning speed but having said that, retailers need to keep in mind that each step of their still need to be dominated by the age old adage – customer is the King. Setting the context for understanding the essence of omnichannel, Neeraj Manoria, assistant vice-president and head, Digital Strategy, Bangalore International Airport rightly emphasises that technology is disrupting the fashion industry very rapidly. Technology that is relevant today may not be relevant next year. Customers are more demanding, supply chain is shrinking, delivery is expected to be almost instant where the customers expect their orders to be delivered today or maximum tomorrow. They don’t want to wait. He shares, “Omni-channel retail is a major shift in the mindset, it needs time, investment and omnicha...

The two-storied outlet is spread across 23,000 sq. ft. and houses apparel and accessories for women, men and kids Bengaluru:  Multi-national retail clothing chain Zara has launched its third store in Bengaluru at Forum Mall, the company said in a press release on Friday. The two-storied outlet is spread across 23,000 sq. ft. and it houses apparel and accessories for women, men and kids. This is the latest concept store in India, which includes features designed for elevated customer experience and integrates online and in-store shopping, claims the retailer. The architectural concept has been created entirely by the Zara Architecture studio. The store interiors have been designed as a large neutral space. This new store is also equipped with technology such as the self-checkout service, which allows customers to purchase products by scanning it themselves, release added. The store also offers Store Mode functionality for customers through the Zara app which allows customers to...

DLF holds 67 per cent stake in DLF Cyber City Developers Ltd (DCCDL), while Singapore sovereign wealth fund GIC has the remaining 33.33 per cent stake New Delhi: Realty firm DLF’s rental arm DCCDL has bought 26.43 per cent stake in Suncloud Solar for Rs 8.41 crore. DLF holds 67 per cent stake in DLF Cyber City Developers Ltd (DCCDL), while Singapore sovereign wealth fund GIC has the remaining 33.33 per cent stake. DCCDL holds bulk of the office buildings and shopping malls of DLF group. According to a regulatory filing on Thursday, DCCDL, through one of its wholly-owned subsidiaries DLF Info City Chennai Ltd, has agreed to acquire around 26.43 per cent shares of Suncloud Solar Pvt Ltd by way of cash consideration of Rs 8.41 crore. Suncloud Solar is a special purpose vehicle of Cleantech Solar India OA 2 Pte. Ltd. It has been incorporated to undertake the construction, operation and maintenance of the captive generating plant and to supply, on captive basis, power generated from t...

The brand offers casual clothing for men and women in over 200 styles and solid colours on e-commerce platform Amazon New Delhi:  RattanIndia Enterprises , which is into e-commerce and fashion brands among other businesses, has launched its first D2C fashion wear brand, FLYTR through its wholly-owned subsidiary Neobrands Ltd., the brand announced in a release on Thursday. The brand offers casual clothing for men and women in over 200 styles and solid colours on e-commerce platform Amazon, RattanIndia. The company’s research revealed the growing preference for solid colours in India. “We are committed to providing our customers with the latest fashion trends through FYLTR, and our colour stories are carefully crafted to reflect consumers’ unique tastes and preferences,” said Anjali Rattan, business chairperson, RattanIndia Enterprises Ltd. The product range includes a variety of apparel such as t-shirts, shirts, tops, polo t-shirts, shorts and khakis. RattanIndia En...

Spread across 2,700 sq. ft., the store showcases the Somany Ceramics’ latest collection of tiles, bathware and sanitary ware New Delhi:  Ceramic brand Somany Ceramics Ltd. has opened its first Somany Grande showroom in Fatehabad, Haryana through a franchise arrangement with Mehta Tiles, the brand announced in a release on Tuesday. Spread across 2,700 sq. ft., the store showcases the company’s latest collection of tiles, bathware and sanitary ware. “This showroom at Fatehabad will help customers to see, experience and choose from our wide range of quality products. It is also a great opportunity for our team to showcase our premium offerings to meet the aspirational demand coming from the Fatehabad region,” said Shrivatsa Somany, head of bathware at Somany Ceramics Ltd. The store has been designed to engage customers and educate them about the products to enable taking informed decisions, the release added. The company currently has close to 500 franchised outlets and 17 ...

The company’s portfolio includes 214 Westside stores, 352 Zudio stores and 24 stores across other lifestyle concepts Mumbai: Trent, the Tata group’s retail arm, on Thursday declared a 40.4 per cent on-year jump in standalone net profit in the fourth quarter ended March 2023 at Rs 105.13 crore, on robust sales along with margin expansion. For the full year, standalone net income more than doubled (122.15 per cent) to Rs 554.57 crore, while the March quarter revenue increased 76 per cent to Rs 2,209 crore, giving a CAGR (Compounded Annual Growth Rate) of over 34 per cent since FY20. The full year standalone sales almost doubled (99 per cent) to Rs 8,213 crore from Rs 4,128 crore in the preceding fiscal, making it the highest-ever revenue. Chairman Noel N Tata said the company earned an operating margin of 7.7 per cent, up from 7.4 per cent in FY22 and 6.6 per cent in FY20. Tata said on a consolidated level, which includes those of business under the brand name of Star Bazaar, Q4 re...

This is the third HRX by Hrithik Roshan offline store, after one each in Bengaluru and Mumbai New Delhi: Homegrown activewear brand HRX by Hrithik Roshan has entered Madhya Pradesh by opening its first store in the state at the Phoenix Citadel Mall in Indore, a Phoenix Mills official announced on social media. “Namaste #indore… Excited to announce the launch of very 1st HRX store of Indore at #phoenixcitadel…Come and visit store with latest offerings with great offers at Central India’s largest shopping destination – Phoenix Citadel,” Sagar Ragade, assistant general manager, operations at The Phoenix Mills Ltd., wrote in a post on LinkedIn where he also posted pictures of the new store. The brand has recently ventured into offline retail with stores in Bengaluru and Mumbai. The Mumbai store is at Phoenix Marketcity mall in Kurla and the one in Bengaluru is at Phoenix Marketcity mall, Mahadevapura. HRX offers a range of products including t-shirts, track pants, jackets, tights...

Retail businesses across regions have indicated growth in sales with East India signalling growth of 8%, while South India and West India indicate a growth of 7% and 5% respectively followed by North India at 4% Bengaluru:  Pan-India retail business sales in March 2023 showed a growth of 6% as compared to the sales levels during the same period in March 2022, records the Retailers Association of India (RAI) in its 38th edition of the Retail Business Survey. In categories, furniture and furnishings reported a growth of 13% followed by consumer durables and electronics at 12%. While food and grocery and sports goods showed a growth of 11% each as compared to sales levels in March 2022. QSR (quick service restaurant) category reported a YoY (year-over-year) growth of 10%. The beauty, wellness and personal care sector witnessed the least growth of 1% in March 2023 while the apparel and clothing sector as well as the jewellery business recorded sales growth of 2% each. “The survey ...

Combonation plans to provide more employment opportunities for transgender people to promote inclusivity  New Delhi: Discount retailer Combonation plans to open a new retail store in North India run entirely by the transgendered, the company announced in a release on Thursday. This step is taken towards becoming a more inclusive employer. “A human being is beyond any gender generic. Forcing someone to wear a stamp for who they are is against the law of nature,” Pooja Sodhi, chief executive officer and co-founder of Combonation said. Sodhi believes that normalizing everything is a new trend in the country, which is ironic in the case of transgender people, who continue to fight for their freedom, individuality, and acceptance. The company hopes that other businesses will follow in its footsteps and together, they can work towards creating an inclusive society. Combonation offers combo deals on products across categories such as grocery, personal care, beauty, and home applia...

Through the partnership with Udaan, Campa will be available to over 50,000 retailers initially. The companies aim to expand the distribution coverage to over 1 lakh kirana stores in the next two months Bengaluru:  Reliance Consumer Products Ltd (RCPL) has partnered with B2B (business to business) e-commerce platform Udaan for pan-India distribution of its newly acquired beverage brand Campa across retailers and small kirana stores, the retail giant said in a press release on Thursday. Through the partnership with Udaan, RCPL’s range of Campa beverages will be available to over 50,000 retailers and kirana stores initially. The companies aim to expand the distribution coverage to over 1 lakh kirana stores in the next two months. “We believe that the large retailer base combined with a cost-effective distribution network places Udaan in a unique position to serve the needs of RCPL for deeper market penetration for the Campa range across Bharat,” said Vinay Shrivastava, head of FMC...

The company had posted a net loss of Rs 15 crore for January-March period a year ago, Shoppers Stop said in a regulatory filing New Delhi: Retail chain  Shoppers Stop Ltd on Wednesday reported a consolidated net profit of Rs 14.26 crore for the fourth quarter ended March 31, 2023. The company had posted a net loss of Rs 15 crore for January-March period a year ago, Shoppers Stop said in a regulatory filing. Revenue from operations was at Rs 923.90 crore during the period under review as against Rs 713.34 crore in the corresponding quarter of the previous fiscal. Total expenses were at Rs 928.78 crore. In 2022-23, revenue from operations was Rs 4,022.13 crore. The company operates 98 department stores, 7 premium Home Stores, 142 specialty beauty stores of M.A.C, Est e Lauder, Bobbi Brown, Clinique, Jo Malone, Too Faced, SS Beauty and 23 Airport doors. Shoppers Stop stock on Wednesday settled at Rs 617.70 on BSE, down 0.64 per cent from the previous close...

Infosys will help retailers implement and use Store Assist, which enables them to provide “seamless omnichannel experiences” such as pickup, delivery and ship from store for both employees and customers New Delhi: Indian IT services company Infosys on Wednesday said it has joined hands with Walmart Commerce Technologies to help retailers harness technology solutions that simplify customer and store employee experiences. Infosys will help retailers implement and use Store Assist, which enables them to provide “seamless omnichannel experiences” such as pickup, delivery and ship from store for both employees and customers, the company said in a statement. “Infosys today announced a new collaboration with Walmart Commerce Technologies to help retailers leverage technology solutions that simplify customer and store employee experiences,” it said. It is pertinent to mention that Infosys has a consumer and retail-focused practice that has been helping retailers, consumer tech, consumer ...

The multi-category pet-care lifestyle brand offers a line of products that support both indoor and outdoor activities for dogs Bengaluru: Homegrown pet lifestyle brand Heads Up For Tails (HUFT) has launched Dash Dog, an advanced engineered line of products designed to aid pets and pet parents in living active lives , the pet care brand said in a press release on Wednesday.  “We believe that dogs are meant to lead lives that include sufficient exercise and playtime and our products reflect that philosophy. Supported by deep data insights, consumer trend analyses and usage feedback, Dash Dog has been engineered to aid and encourage an active lifestyle for pets,” said Rashi Narang, founder of Heads Up For Tails. Dash Dog offers a line of products that support both indoor and outdoor activities for dogs while ensuring their safety, comfort, and engagement, the brand claimed. The product range includes easy walk harnesses, 6-way leashes, on-the-go reversible mats, chew toys, comf...

Nestle India Q1 net profit up 24.7 pc to Rs 736.64 cr, Nestle India Chairman and Managing Director Suresh Narayanan said this is the highest growth for Nestle India in any quarter in the last 10 years, except the quarters of 2016 New Delhi, Apr 25 (PTI) FMCG major Nestle India Ltd on Tuesday reported an […] The post Nestle India Q1 net profit up 24.7 pc to Rs 736.64 cr, net sales up 20.4 pc to Rs 4,808.40 cr appeared first on India Retailing . from India Retailing https://ift.tt/Zm3p0PT via IFTTT

PVR Inox will open a 9-screen movie theatre at the Ingka centre in Gurgaon which is scheduled to open in late 2025 New Delhi: Ingka Centres, part of Ikea’s retail operator Ingka Group, has partnered with PVR Inox for its upcoming Gurgaon centre to open a 9-screen movie theatre. Ingka Centres’ latest Meeting Place at […] The post Ikea’s Ingka partners with PVR Inox to open multiplex at upcoming Gurgaon centre appeared first on India Retailing . from India Retailing https://ift.tt/5e7yOid via IFTTT

Spread across an area of 1,781,816 sq ft, Golden I in Greater Noida is slated to be a mixed use project comprising retail, commercial and residential spaces New Delhi: Golden I, a project by Ocean Infraheights Pvt. Ltd., in Greater Noida (West) has received the Occupancy Certificate (OC) for Phase 1, the company announced in a […] The post Mixed use project Golden I, Noida gets occupancy certificate   appeared first on India Retailing . from India Retailing https://ift.tt/CUpED1l via IFTTT

The revenue growth will be driven by strong retail consumption and improved rentals in their properties New Delhi: Shopping mall operators are expected to earn 7-9 per cent higher revenue during this fiscal, driven by strong retail consumption and improved rentals in their properties, according to CRISIL. “Buoyant retail sales and improved rental yields are […] The post Shopping mall operators’ revenue may rise 7-9% this fiscal: Report appeared first on India Retailing . from India Retailing https://ift.tt/1vUM4BT via IFTTT

T he partnership will integrate sustainable logistics solutions into KSH Logistics’ existing services for clients from retail, e-commerce, FMCD and FMCG among other sectors Bengaluru:  Supply-chain logistics solutions provider KSH Logistics has partnered with 3ev Industries and 3eco Systems to provide sustainable logistics solutions for its customers, the company said in a media release on Monday. 3ev and 3eco provide hyper-local connectivity solutions for last-mile fulfillment through its range of green-tech 3-wheeler (3W) electric vehicles (EV). KSH Logistics will work on creating a network of efficient stores and warehouses that can be accessed by the 3W EV fleet, enabling efficient delivery solutions to its customers, locally, release added. The partnership will integrate sustainable logistics solutions into KSH Logistics’ existing services for clients from retail, e-commerce, FMCG (fast-moving consumer goods), FMCD (fast-moving consumer durables), automotive, and industria...

Next will offer over 500 SKUs from the men’s and women’s casual wear segment on Myntra Bengaluru:   E-commerce entity Myntra has onboarded UK-based fashion and lifestyle brand Next, further expanding its catalogue of international fashion brands, said the e-tailer in a press release on Monday. Next will offer over 500 SKUs from the men’s and women’s casual wear segment on the platform. “The international brands portfolio on Myntra has been scaling rapidly with an uptick in demand for high-quality and classic wardrobe staples,” said Jayanti Ganguly, business head of international brands at Myntra. “Next’s unique, effortless and stylish collections are a perfect fit for our platform’s large base of diverse and discerning fashion-forward customers. We are excited to join forces with Next, one of the UK’s legacy fashion brands and enable the company’s pursuit in augmenting its reach in India,” added Ganguly. As a part of its marketing initiatives for the brand’s launch on Myn...

The company has entered into a joint venture with Sonipat, Haryana-based Circle E Retail to vertically integrate its toy business New Delhi: Reliance Retail, the country’s leading retailer which owns iconic British toy brand Hamleys and home-grown toy brand Rowan, has entered into a joint venture with a Haryana-based firm for local manufacturing to meet the growing demand. The company has entered into a joint venture with Sonipat, Haryana-based Circle E Retail to vertically integrate its toy business. “We also had a JV with Circle E retail for toy manufacturing for vertical integration for our toys retailing business,” said Reliance Retail CFO Dinesh Taluja during an earnings call last week. The company is now working on a strategy of integrating processes from design to shelf, according to industry sources. Under this, Reliance Retail would have control over the entire aspects of the toy ecosystem, right from designing and manufacturing to retailing of the product. This will al...

From a total of around 522 Apple stores across the world, we pick five stunning stores which are a treat to the eyes Mumbai:  Apple Inc. recently marked the launch of its first store in India at Jio World Drive Mall at Bandra Kurla Complex (BKC) in Mumbai. The Apple BKC store was followed by the launch of its second store in the country – the Apple Saket at Select Citywalk Mall in Saket, New Delhi. The store launches coincide with the silver jubilee celebrations of Apple’s arrival in India. Apple’s stores in India have zero carbon footprint and are completely energy efficient, like many of its stores across the world. Both stores incorporate elements that are intrinsic to the city they are launched in. The stores are also a treat in terms of customer experience. We bring you some of the tech major’s iconic stores around the world which have jaw-dropping architecture. From a total of around 522 Apple stores across the world, we picked top 5 stunning Apple stores (listed in the...

10 outstanding success stories of collaboration exemplifying how brands and retailers can create a winning playbook by leveraging each other’s capabilities and resources By collaborating, brands and retailers can reach out to new customers and expand their reach in the market. Retailers can help brands distribute their products more effectively by leveraging their existing distribution networks. Brands can benefit from retailers’ expertise and resources, such as data analytics and omnichannel capabilities, to enhance their operations and offerings. Together, they can collaborate on marketing and promotional activities to drive sales and raise brand awareness besides helping each other to tap into new revenue streams, reduce costs, and improve overall profitability. We bring you 10 outstanding success stories of collaboration between food and FMCG brands and retailers in building new consumption/ product categories or transforming a traditional category with innovation. Coca-Cola an...

IndiaRetailing brings you a series in which we highlight the brand icons in India’s thriving fashion and lifestyle industry. This week, the spotlight is on Amrish Prakash Kumar Mumbai : No business can survive for long without a vision; even if it does, it would be susceptible to every disruption and upheaval that generally comes in its business cycle. It needs a leader who has the capacity to translate, create that vision, or make it clearer and turn it into reality. The very essence of leadership is having a vision in the first place. Moreover, as you can’t blow an uncertain trumpet, it should be clearly articulated so that they can manage and lead people. A team led by a visionary leader with a clear direction knows what it can achieve and how far it can go. In this special feature, IndiaRetailing highlights the brand icons in India’s thriving fashion and lifestyle industry. This week, the spotlight is on… Amrish Prakash Kumar Creative Director, Ritu Kumar Education MBA (Aug...