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

Images Business of Fashion interacts with Abdon Lepcha, the creative director of South Korean athleisure brand Fila Bengaluru: Fila says it has been able to balance the product manufacturing locally versus import in its portfolio. The apparel manufacturing contribution is 80% India and 20% import. The brand is operated under Metro Brands since it was bought over from Batra Group. Fila will be present across all Metro and Mochi stores, Abdon Lepcha, the brand’s creative director informs Images Business of Fashion. Excerpts Tell us more about product diversification that has happened at brand Fila. As a Fashion Sportswear brand, the mantra has been “without beauty, there is no performance”, and as it rightly put, the products are an amalgamation of beauty , style and performance. The product portfolio consists of apparel, footwear and accessories under which most of the lifestyle, sportswear and athleisure styles are covered. In the apparel segment, the products range from crop an...

While the latest KFC outlet is at Moga, earlier this month, KFC opened an outlet at Sangrur in Punjab New Delhi: Quick-service restaurant (QSR) chain KFC that specializes in American-style fried chicken has opened its latest outlet at Moga in Punja, an official announced on social media on Thursday. “Happy to announce the opening of KFC at Moga, Punjab. This is our #153 KFC in the North Region,” wrote Rahul Kumar, NSO (new store opening) head North – KFC, while sharing pictures of the new store and tagging Sapphire Foods India Limited, one of the two companies that run the Yum! Brands owned KFC in India. KFC Moga, Punjab KFC has been aggressively expanding its footprint across the country. From March to April, the company opened more than eight outlets in various cities including New Delhi, Pune, Aurangabad, Dehradun and Chennai. Earlier in June, KFC opened one more outlet in Punjab at Sangrur. Read more about it here . Sapphire Foods is one of the two franchises that owns and...

Zomato Food Trends is an open platform accessible for free that will analyse data from millions of transactions across India which restaurants can use to take a data-driven approach to prices, dishes and location New Delhi: Online food delivery firm Zomato Ltd. on Friday introduced an open data analysis platform for food trends aimed to help its restaurant partners in taking a data-driven approach to prices, dishes and location. Zomato Food Trends is an open platform accessible to the general public free of charge and it will “provide insights by analysing data from millions of transactions across hundreds of cities in India”, the company said in a statement. “Restaurant partners can use these insights to customise their strategies and undertake data-driven decisions to accelerate and amplify their success,” it added. It has been introduced with “an aim to support both current and budding restaurant partners in taking a data-driven approach towards decision making”, the company ...

IndiaRetailing brings you a series in which we highlight the brand icons in India’s thriving fashion and lifestyle industry. Today, the spotlight is on Shailesh Chaturvedi Bengaluru: 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. Today, the spotlight is on… Shailesh Chaturvedi Managing director and chief executive officer, Arvind Fash...

The new process is aimed at enabling small and medium businesses (SMBs) to register as sellers on Amazon.in using just a smartphone New Delhi: Amazon India has introduced a streamlined registration process with intelligent suggestions to simplify the onboarding experience for businesses in India on its portal, the company announced in a release. The new process is aimed at enabling small and medium businesses (SMBs) to register as sellers on Amazon.in using just a smartphone. Creating a seller account on the marketplace requires providing a valid mobile number, and once logged in, sellers only need to enter their GSTIN for business. The new technology pre-fills necessary information and offers machine learning-generated store name and shipping preferences along with real-time support to address queries and concerns, the release added. Presently, 65% of Amazon sellers hail from tier 2 and 3 cities, and many of them face challenges while registering due to a lack of advanced techn...

The BigBasket losses increased by 89% as compared to 2021-2022 when it had posted a loss of around Rs 812 crore New Delhi: Online grocery delivery firm Innovative Retail Concepts, which operates as BigBasket, has posted a widening of its loss to Rs 1,535 crore for 2022-23, according to details shared by Tofler. Tofler said the loss of BigBasket increased by 89%, implying the company had posted a loss of around Rs 812 crore in 2021-22. The company’s revenue increased by 5% to Rs 7,462 crore. “The company further reported a net loss of Rs 1,535 crore during the same fiscal. This is 89% increase from the last financial year. The company’s total expenses for the fiscal were reported as Rs 8,998 crore,” the report said. BigBasket declined to comment on the report. The post BigBasket records loss of Rs 1,535 crore in 2022-23 appeared first on Retail News | Retail Industry | Business Information & Latest News . from Retail News | Retail Industry | Business Information & ...

From tie-ups with q-commerce players and special gift hampers in partnership with category leaders to opening stores in the Middle East, here’s what India’s oldest gifting company Archies has on the cards tohelp revive its past glory… New Delhi: Archies—a name that the Gen Y and millennials from India would instantly connect with. Back in the 1990s and early 2000s, if you had to say something to someone, chances are that you did it with an Archies card. Be it a birthday, an anniversary or even a break-up, Archies had a card and an appropriate gift for every occasion. “Loved the unforgettable experience of discovering a novel gift when browsing in the store – a cute mug, a framed witty quote or a unique guitar shaped CD stand to impress someone,” said Surender Gnanaolivua retail experience design curator and an Archies’ customer. The Archies Era The brand was the favourite hangout for youngsters who wanted to express or impress with the help of a present, especially during Valenti...

Tarak Bhattacharya, Chief Executive Officer and Executive Director, Mad Over Donuts (MOD) speaks to Nehal Gautam, Business Reporter, IMAGES Group about the brand’s strategy for tier 1 and tier 2 towns and about the company’s category expansion plans while retaining the focus on donuts. The post Tarak Bhattacharya of Mad Over Donuts: Donuts will always be our superhero appeared first on Retail News | Retail Industry | Business Information & Latest News . from Retail News | Retail Industry | Business Information & Latest News https://ift.tt/LuhEyFI via IFTTT

Composable commerce opens new avenues for brands to thrive in the dynamic retail ecosystem, fostering discovery and enabling differentiation in an increasingly saturated market The pandemic reshaped the retail landscape globally and pushed it towards an unprecedented digital maturity. While some countries like the UK are years ahead in terms of digital maturity, India is showing an upward trend for the same. Such maturity requires brands and retailers to level up their tech to handle scenarios at scale and offer customers experiences beyond their already increased expectations. This has been made possible with composable commerce. With digitally mature markets comes the fact that brands and retailers generate a major chunk of their revenue from their own e-commerce stores rather than from marketplaces. For retailers and brands in India around 70%-80% revenue comes from marketplaces, while in the UK, 70%-80 % of revenue comes from direct-to-consumer (D2C) channels. Need for composa...

Artificial intelligence might seem futuristic, but its applications are delivering results in the store right now By Emily Crow New Delhi: Artificial intelligence (AI) is one of those terms that can conjure up a lot of images and ideas, from lifelike robots to futuristic video games. Its current uses are much more down to earth and food retailers large and small are finding ways to harness its power to forecast demand and stock, customize promotions, create frictionless shopping journeys, and so much more. AI leverages data, computers and machines to accurately mimic the problem-solving and decision-making capabilities of the human brain. In retail, this can translate to machine learning that uses customer analytics to predict trends, Internet of Things solutions that can help streamline operations, or computer vision that brings business insights to physical stores. With myriad additional applications, AI is rapidly taking the grocery industry to the next level during a time when...

The campaign featuring Siddhant showcases the brand’s new range of fashion fits and the ad campaign is visible across regions and various mediums Mumbai : UK-based Urbanwear brand, French Connection along with Myntra, has onboarded Bollywood actor, Siddhant Chaturvedi as its first brand ambassador in the country, the company announced in a press release. The campaign featuring Siddhant showcases the brand’s new range of fashion fits and the ad campaign is visible across regions and various mediums. Speaking about the association, Nihal Rajan, senior vice president- House of Brands, Myntra said, “Siddhant’s persona strikes a perfect balance between being versatile, young, cool, and spirited that perfectly fits with French Connection’s brand values. We are confident about the association with Siddhant strengthening the brand’s reach further and building resonance with the brand’s core audience.” Speaking about the association, Siddhant Chaturvedi, said, “I am thrilled to represen...

Nandini Taneja, vice president, Reach Group speaks about retail formats and their profitability, footfall and high performing categories The Reach Group has developed some noteworthy projects in Gurugram which includes mall, high street, and office spaces. A few other projects in Delhi NCR are also in the pipeline. In an exclusive interaction with IndiaRetailing, Nandini Taneja, vice president, Reach Group talks about the group’s existing and upcoming projects and about which models works the best for the company. Tell us about your retail projects. Currently, we have four operational projects, out of which Airia Mall by Reach and Lakeshore, Reach 3 Roads are retail, Reach Comercia & My Tower is commercial and Livina is residential. Airia Mall is spread across an area of 1 million square feet (sq. ft.) of retail space, out of which 5,00,000 sq ft. is operational, and the rest is under construction. Reach 3 Roads is an organised high street in the middle of a dense residentia...

IndiaRetailing brings you a series in which we highlight the brand icons of India’s thriving fashion and lifestyle industry. Today, the spotlight is on Sanjeev Rao New Delhi:  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 of India’s thriving fashion and lifestyle industry. Today, the spotlight is on… Sanjeev Rao chief executive officer Education: • Alumnus of Wharton Busin...

The Dutch investment firm recognised a loss of $77 million on account of losing influence on BYJU’S New Delhi:  Fintech firm PayU India’s business grew 31 per cent to USD 399 million in FY23, its parent Prosus said on Tuesday. The Dutch investment firm recognised a loss of USD 77 million on account of losing influence on BYJU’S as well as accumulated foreign currency losses with respect to the edtech firm. Prosus holds a 9.6 per cent effective interest in BYJU’S. Prosus said it has shut down the digital bank offering LazyCard in response to regulatory changes in India. The overall payments and fintech segment of the Dutch investment firm Prosus grew 32 per cent to USD 1.1 billion on strong growth in the core payment service provider (PSP) business and India credit business. “India generated USD 399 million of revenue, which grew 31 per cent, fuelled by continued growth in enterprise and small and medium-sized businesses, as well as diversification into newer segments, inclu...

Situated at Forum Mall, Konanakunte, South Bengaluru, the new store is the 17th brick-and-mortar retail outlet of Beverly Hills Polo Club in India Bengaluru:  Fashion and fragrances brand Beverly Hills Polo Club has unveiled its first retail store in Kerala, the retail conglomerate Apparel Group India wrote on social media. Situated at Forum Mall, Konanakunte, South Bengaluru, the new store is the 17th brick-and-mortar retail outlet of Beverly Hills Polo Club in India. “We are delighted to announce the opening of a  Beverly Hills Polo Club  store in Forum Mall South Bengaluru. This is the brand’s 1st store in the city and the 17th in India,” said Apparel Group India in a LinkedIn post while sharing the pictures of the store. Apparel Group is a global fashion and lifestyle retail conglomerate based in Dubai, UAE. Apart from Beverly Hills Polo Club, Apparel Group markets more than 80 brands including global brands in India including Aldo, Bath & Body Works, Tim Hort...

Godrej Interio aims to launch 10 new stores in the region in FY 2024  New Delhi: Godrej Interio, a furniture solutions brand, plans to strengthen its retail presence in Delhi NCR, announced Godrej & Boyce, the parent company of Godrej Interio in a press release on Tuesday. Currently, Godrej Interio has a market share of 15% in Delhi which it aims to increase by 30% in the region in the home furniture segment in financial year 23-24. Currently, the brand has 15 exclusive stores in Delhi NCR and it plans to launch 10 more by end of the financial year, the release added. “The overall annual revenue from the region is Rs 300 crore with a contribution of 35% and 65% from home furniture and office furniture segments respectively. With a 15% market share of the overall organized furniture industry, the Delhi – NCR region market contributes to a significant 15% of Godrej Interio’s overall revenue,” said Swapneel Nagarkar, business head, Godrej Interio. Godrej Interio is currently...

D&B will assign a unique nine-digit (D-U-N-S) number to a specific MSME firm or an exporter which will encompass various financial health indicators of the business entity Kolkata:  The West Bengal government has entered into an arrangement with leading business research and analytics firm Dun & Bradstreet (D&B) for the MSME sector and exporters of the state. Under the arrangement, D&B will assign a unique nine-digit (D-U-N-S) number to a specific MSME firm or an exporter which will encompass various financial health indicators of the business entity, an official of the state government said. D-U-N-S, Data Universal Numbering System, capture firmographic data, corporate relationships and credit scores of a specific business entity. Potential lenders can also seek a credit report about a business using the number assigned to it. The official said that the D-U-N-S number will empower the MSME sector of the state for building credibility, increase visibility, exp...

Salesforce, a leading player in Customer Relationship Management (CRM) announced the launch of Salesforce ‘Starter’ for Micro, Small and Medium Enterprise (MSME) businesses in India Mumbai: India has the opportunity to leapfrog into areas of Artificial Intelligence (AI) and generative AI, cloud-based software provider Salesforce India’s Chairperson and CEO Arundhati Bhattacharya said on Tuesday. She also sought to assuage general concerns around AI leading to mass job losses but added that the nature of jobs may change, requiring upskilling and reskilling of talent pools. “So, India does have the opportunity to leapfrog into AI and generative AI. Now, how far and how long it will take, it’s anybody’s guess… generative AI is something that’s maturing… it’s not something that’s completely mature…” she said at a media briefing. The macro environment in India is “very supportive”, Bhattacharya said underlining the India advantage of large talent pool as also the digital public infra...

The outlet is located at Amanora Mall, Hadapsar in Pune, Maharashtra.  Mumbai : South Korean lifestyle brand Mumuso has opened its latest outlet in Pune, a company official announced on social media. The outlet is located at Amanora Mall, Hadapsar in Pune, Maharashtra. “Mumuso, the ultimate shopping destination for trendy essentials, has opened its doors at Amanora Mall, Pune. Come explore the newest store and discover a world of affordable style, innovative gadgets, and delightful surprises. Get ready to indulge in Mumuso’s irresistible charm,” Harshit Kumar Singh, assistant manager-retail leasing, Amanora Mall posted on LinkedIn. Mumuso India offers accessories, household stationery, bags, children products, small electronics and lifestyle items, etc. Mumuso has a global presence in over 40 countries, with approximately 2,800 stores. It entered the Indian market in 2018 by opening its first store in Kolkata and has now established more than 30 stores in 12 states. Amanora...

Lifestyle brand Recode targets Rs 50 crore revenue in FY24 and plans to open 20 more new stores Mumbai : Recode Studios, one-stop shop for cosmetics, lifestyle brands and beauty products, is planning to open five stores by the 20th of July 2023, the company announced in a press release on Tuesday. Two stores will be in East Delhi, while others will be in new locations which include Nagpur, Bilaspur Chhattisgarh, and Gurugram. Speaking about the expansion, Dheeraj Bansal, founder, Recode Studios shared, “Our mission has always been to provide a diverse range of quality beauty products to our customers. With the opening of these new stores, we are excited to bring the Recode experience to even more people, empowering them to look and feel their best.” Founded in 2018 by entrepreneur Dheeraj Bansal, Recode Studios offers a wide variety of makeup, skincare, hair care, bath and body products, grooming appliances, personal care essentials, and health and wellness items. Currently, the b...

Croma retails more than 16,000 products from over 550 brands at 370+ stores across 100+ cities in India New Delhi:  Tata-owned Consumer durables and electronics (CDE) retail chain Croma has been on an expansion spree this year. Just six months into the year and the brand has opened 58 stores so far, out of which 41 outlets were opened in the January-March quarter and 17 were rolled out in the April-June quarter, the company said in response to an email query. In the month of May, Croma opened nine outlets, each at Pawan Mega Mall in Sonipat (10,000 sq. ft.), Garuda Mall in Bengaluru on (7,500 sq. ft.), Memnagar in Ahmedabad, Gujarat (11,002 sq. ft.), Nana Chhiloda in Ahmedabad, Gujarat (9,138 sq. ft.), Raghuleela Mall in Navi Mumbai, Maharashtra (11,302 sq. ft.), Panna Road in Satna, Madhya Pradesh (8,500 sq. ft.), Urrahat in Rewa, Madhya Pradesh (10,000 sq. ft.), KK Road in Kottayam, Kerala (9,584 sq. ft.) and TDI Connaught Plaza in Mohali, Punjab (10,600 sq. ft). In Ju...

So far the company’s various enterprises have given over 22,000 jobs and its aim is to provide employment to 50,000 people in India Hyderabad: UAE-based Lulu Group will be investing Rs 10,000 crore in India on various ongoing projects over the next three years and the UAE-based conglomerate has invested over Rs 20,000 crore in the country, Lulu Chairman Yusuff Ali MA said here on Monday. He also said his aim is to provide employment to 50,000 people in India and so far his various enterprises have given over 22,000 jobs. Yusuff Ali also said the Lulu Group has committed about Rs 3,500 crore in investments in Telangana in the next five years in various projects including a Destination Shopping Malls (Rs 3,000 crore) here and also in other cities in the state. “We have got an investment of more than Rs 20,000 crore in different areas including shopping malls, hotels, and food processing units (in India). We will increase this,” he said. “We have started the construction of a shop...

IndiaRetailing brings you a series in which we highlight the brand icons in India’s thriving fashion and lifestyle industry. Today, the spotlight is on Sanjay Vakharia New Delhi:  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. Today, the spotlight is on… Sanjay Vakharia Chief executive officer and co-founder, Spykar Lif...

Shiprocket plans to enable five key categories on ONDC including beauty and personal care, electronics and appliances, health and wellness and home and kitchen New Delhi:  Shiprocket, India’s 106th unicorn and e-commerce enablement platform, is integrating the Shiprocket seller app with ONDC, announced the company in a press release. The app will facilitate the onboarding of sellers on the ONDC network. With this app, the Shopify-powered stores of merchants will be instantly discoverable on the network. Shiprocket plans to enable five key categories on ONDC including beauty and personal care, electronics and appliances, health and wellness and home and kitchen, the company said. The brands from these categories are already powering gross merchandise value (GMV) of upwards of Rs 330 crores on the Shiprocket platform with more than 220K live stock-keeping units (SKU). “Shiprocket was one of the initial players to integrate into the ONDC network and the first one to enable inter...

The new investment will take its total investment in the country to $26 billion Washington: E-commerce giant Amazon plans to invest $15 billion more in India, taking its total investment in the country to $26 billion, a top official of the company has said. After meeting Prime Minister Narendra Modi in the US, Amazon CEO Andy Jassy said the company has already invested $11 billion in India till date. “I had a very good and productive conversation with Prime Minister Modi. I think we share a number of goals. Amazon is one of the biggest investors in India. We have invested $11 billion till date and intend to invest another $15 billion, which will bring the total to $26 billion. So we are very much looking forward to future of partnering,” Jassy said on Friday. The India’s External Affairs Ministry in a tweet said the prime minister held a productive meeting with the president and CEO of Amazon. “Discussions focused on the area of e-commerce and the potential of further collaborat...

The new brand identity of IGP encapsulates the significance of emotions in gift-giving and reinforces the company’s commitment to facilitating genuine connections through thoughtful gifting Mumbai : IGP, a multi-category gifting company, has unveiled its new brand identity that centres around the idea of Gift that Feeling, the company announced in a press release. Speaking on the announcement, Tarun Joshi, founder and chief executive officer, IGP said, “Our new brand identity not only reflects our commitment to facilitating emotions through gifting but also signifies our growth as a company. We will continue to provide our customers with an exceptional range of products and services that help them express their heartfelt sentiments.” The company’s new brand identity encapsulates the significance of emotions in gift-giving and reinforces the brand’s commitment to facilitating genuine connections through thoughtful gifting. Headquartered in Mumbai, India, IGP is a global multi-cat...