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

The company has introduced a+ masala millets containing bajra in the select market of NCR and online but has plans to expand it to other markets as it scales up New Delhi: FMCG maker Nestle India has entered into the millets-based Ready-to-Make (RTM) market by extending its nutrition brand a+ in the category. The company has introduced a+ masala millets containing bajra in the select market of NCR and online but has plans to expand it to other markets as it scales up, its chairman and managing director Suresh Narayanan said on Thursday. The product has been developed under the guidance of the Indian Millet Institute of Millet Research, supporting the government initiative to promote millet as a more sustainable food option. “We felt that ‘a+’ has strong nutritional connotations and that is why we decided to launch the new product under this brand. This is being done under a public-private partnership with IIMR and is in line with the government’s focus on millets. There is growin...

The company will raise funds on a private placement basis New Delhi: Aditya Birla Fashion and Retail plans to raise Rs 750 crore on or after September 4 through debt bonds, the company said on Thursday. The company will raise funds on a private placement basis, Aditya Birla Fashion and Retail (ABFRL) said in a regulatory filing. “The Company proposes to raise funds by issuing 75,000 listed, unsecured, rated, redeemable non-convertible debentures of face value of Rs 1,00,000 (Rupees One Lakh only) each issued at par aggregating to Rs 7,50,00,00,000 (Rupees Seven Hundred Fifty Crores Only), on private placement basis, on or after September 4, 2023,” the filing said. In a separate filing, the company said that it has completed the acquisition of a 29 per cent stake in TCNS Clothing Co Limited pursuant to the open offer. The 29 per cent stake is estimated to be over Rs 941 crore. As per an earlier announcement, ABFRL acquired a 51 per cent stake in TCNS for about Rs 1,650 crore. ...

The rapid rise of D2C brand Bombay Shaving Company which today has a customer base of 7 million households By 2025, the personal care segment is projected to touch Rs. 4030 crore, with an approximate 6% growth rate and 38 crore users. A brand that is already well-positioned for this bright future is Bombay Shaving Company, a D2C brand that has brought an ‘experiential’ dimension to the mostly functional Indian male grooming category through its regimens, customisation and omnichannel model. An exciting start Bombay Shaving Company was founded in 2015-16 by Shantanu Deshpande. And right from the beginning, the brand disrupted the Indian men’s grooming category by introducing an ‘experiential’ dimension to it. With the launch of its first product—a single blade, precision safety razor designed to romance the rather mundane shaving experience for men—this then little-known D2C brand made its intention clear to reimagine grooming in India and provide stiff competition to the likes of p...

ONDC is dedicated to establishing an interoperable marketplace that accommodates sellers of all scales − from small and medium-sized enterprises (SMEs) to larger entities Bengaluru : Open Network for Digital Commerce (ONDC), an initiative by Government of India, is set to revolutionise B2B digital commerce in India, according to a report by professional services firm Deloitte. With “plug and play” capabilities (such as real-time ordering, swift delivery, and credit management) offered by eco-system participants, ONDC will enhance the experience for both brands and retailers, in the process revolutionising the B2B digital commerce space in the country, the report added. With B2B on ONDC, brands can establish connections with retailers or facilitate their distributors’ entry into new markets. The network enables direct access for farmers to inputs, services, and buyers while Farmers Producer Organisation (FPO) can establish direct connections with potential clients, bypassi...

The outlet of Jack & Jones is located at the newly inaugurated Forum Mall, Maradu, Kochi Bengaluru:  Menswear brand Jack & Jones owned by Bestseller, has opened its latest store in Kochi, a company official wrote on social media. The outlet is located at the newly inaugurated Forum Mall, Maradu, Kochi. “Jack & Jones opens its doors in Forum, Kochi,” said Gaurav Sachdeva, retail head of Bestseller India. Recently Jack & Jones celebrated 15 years of retail operations in India. The fashion retailer entered India in 2008, opening its first physical store in the country at Oberoi Mall, Mumbai. Headquartered in Denmark, Jack & Jones was founded as a contemporary menswear brand in 1990. In India, the brand was introduced in the year 2008. Bestseller is a privately held family-owned clothing and accessories company founded in Denmark in the year 1975. Parenting over 20 fashion brands such as Jack & Jones, Selected, Vero Moda, ONLY, Pieces, Vila, Object, Mamal...

Salman Khan’s brand Being Human is foraying into the Middle East by opening a flagship store in Dubai on Monday New Delhi: At around 5:00 pm Dubai time, Being Human will open doors to its first store outside of South Asia. The 2,500 sq ft store, located on the first floor of City Centre Diera Mall, will be inaugurated by Salman Khan’s brother Arbaaz Khan. City Centre Deira is located in the older part of Dubai and is the original flagship mall of retail and real estate conglomerate Majid Al Futtaim. The mall is home to other international and Indian fashion brands including Zara, H&M, Marks & Spencer, Balmain, American Eagle, Bershka, Fabindia, Levi’s among dozens of other labels. Being Human currently operates about 10 stores in Bangladesh and in Nepal but this is for the first time the label is venturing out of South Asia. “We plan to open our second and third store in Dubai by January. We will open one store in Canada next in October,” said Sanjeev Rao, chief executive...

The two-storey store is located at the City Center mall in Christia Colony in Patna, Bihar. This is H&M’s 54th store in India New Delhi: Swedish multinational retail clothing company Hennes & Mauritz (H&M) opened its first store in Patna last week, a company official announced on social media on Sunday. The two-storey store is located at the City Center mall in Christia Colony in Patna, Bihar. This is the brand’s 54th store in India. “H&M fans in Patna, the wait is finally over! Store number 54 is officially open at City Center mall. Elevate your fashion game and shop for all your needs at the new store. #FashionForAll inspiration continues with H&M’s growth journey,” Prateek Kumar, head of merchandising at H&M said in a LinkedIn post. Recently, H&M opened an outlet at the Mall of Ranchi in Ranchi  as well, which was the fast fashion brand’s 53 rd  store in the country. The global apparel brand offers menswear, women’s wear and kidswear...

Softbank through its affiliate SVF Growth (Singapore) Pte offloaded the shares of Zomato on the National Stock Exchange New Delhi: Japanese conglomerate Softbank on Wednesday divested a 1.16 per cent stake in online food ordering company Zomato for Rs 947 crore through an open market transaction. Softbank through its affiliate SVF Growth (Singapore) Pte offloaded the shares of Zomato on the National Stock Exchange. Aditya Birla Sun Life Mutual Fund (MF), Axis MF, Franklin Tempelton MF, Kotak Mahindra MF, Societe Generale, Morgan Stanley Asia Singapore, Nomura Singapore, Goldman Sachs and Ghisallo Master Fund LP were among the buyers of shares of Zomato. SVF Growth (Singapore) Pte disposed of 10,00,00,000 shares, amounting to a 1.16 per cent stake in Gurgaon-headquartered Zomato, as per the block deal data available with the NSE. The shares were sold at an average price of Rs 94.70 apiece, taking the aggregate transaction size to Rs 947 crore. Post the transaction, Softbank’s sh...

The new Nike concept store is located at Pacific Mall, Jakhan, Dehradun, Uttarakhand Bengaluru: American athletic footwear and apparel brand Nike has launched its concept store in Dehradun, a company official wrote on social media. The new store is located at Pacific Mall, Jakhan, Dehradun, Uttarakhand. “We are super thrilled to announce the opening of our #Nike concept store in Dehradun. Explore a wide assortment of footwear and apparel across running, training, and lifestyle products, including sports bras, tights, and performance essentials,” said Nikhil Jatinder, head of business development at Nike India. The sore has been unveiled by RJ Corp, an Indian conglomerate that runs sports and food and beverage franchises. US-based Nike, Inc. was founded in 1964 as Blue Ribbon Sports by Bill Bowerman, a track-and-field coach at the University of Oregon, and his former student Phil Knight. The company opened its first retail outlet in 1966. In 1972, Nike launched its own brand of sh...

A look at how Shoppers Stop has adapted itself over the years to stay relevant to the changing trends, and consumers New Delhi: Founded by K Raheja Group, in 1991, Shoppers Stop revolutionized the way Indians shopped by introducing them to the glamourous experience of modern retail, complete with valet parking and a loyalty programme for privileged customers. The first store at Andheri, Mumbai opened with menswear, and in no time, turned out to be ‘everything- under-one- roof’ format with womenwear, kidswear, apparel, gifts, accessories, watches, artificial jewellery, handbags, fragrances, footwear, home furnishing, beauty and décor products pan India. The Target Audience – Target consumers are upper middle class and upper middle class – Customer’s profile age covers all age groups – Segmented their respective markets in terms of age and sex (clothing for men, women and kids) – Segmenting by income and expenditure patterns – Also popular amongst the non- resident Indians Dri...

With over 16 years of experience at P&G, Maheshwari is set to lead the company’s marketing function in India effective September 1, 2023 Mumbai : Procter & Gamble (P&G) India, maker of brands like Ariel, Whisper, and Gillette, has appointed Mukta Maheshwari as the Company’s chief marketing officer (CMO) effective 1 September 2023, the company announced in a press release. Along with leading the Marketing function, she will also head the fabric care category for P&G India as the vice president and category head. Speaking about her new role Maheshwari said, “I am thrilled to kickstart the next phase of my journey with P&G and coming back to India, after having the opportunity to work across multiple roles in the region, including Singapore and Philippines. India continues to be an important market for P&G globally, as we continue to delight consumers with our brands.” Maheshwari  holds an MBA degree from the Indian Institute of Management, Calcutta and a...

From retail tech solutions to intimate wear, here are the key acquisitions by Reliance Retail since 2019 New Delhi: Reliance Retail is one of the fastest-growing retail companies, which according to Reliance Industries Ltd’s (RIL) chairman Mukesh Ambani is the only Indian retailer in the global Top 100 and has a potential to grow. Reliance Retail has posted an annual revenue of Rs 2,60,364 crore in the financial year (FY) 2023, registering a year-on-year growth of 30%. The company’s EBITDA stood at Rs17,928 crore and its net profit stood at Rs 9,181 crore. Over the past few years, it has attracted investments from large and reputable global investment firms and sovereign wealth funds owing to its rock-solid fundamentals and compelling value proposition. In September 2020, the valuation of Reliance’s Retail business stood at Rs4,28,000 crore. In less than three years, it doubled. “Based on this valuation, Reliance Retail, had it been listed, would have ranked among the Top 4 comp...

Menswear brand Indian Terrain successfully raised its sell-through rate by almost 5%, leading to significant cost savings amounting to nearly Rs 6 crores Bengaluru:  Indian Terrain Fashions was founded in 2000 by Venky Rajagopal as a premium smart-casual clothing brand for men. In 2010, the fashion retailer underwent a de-merger process, separating itself from its parent company Celebrity Fashions Ltd., which primarily operated as a textile manufacturing and exporting entity. In September 2015, the company launched a sub-brand named ‘Indian Terrain Boy’ to meet the increasing demand for smart-casual clothing for boys aged between 4-16 years. Today, Indian Terrain Fashions has established its footprint across the country with a network spanning over 250 exclusive brand outlets, more than 1000 multi-brand outlets and over 400 large format stores including Lifestyle and Shoppers Stop. The Chennai-based company also retails through its own webstore www.indianterrain.com and other...

Centuary Mattress Executive Director Uttam Malani said she will be championing the importance of the right mattress for fitness and well-being by using the innovative products brought out by the company Hyderabad: Hyderabad-based Centuary Mattress on Tuesday announced that ace badminton player P V Sindhu has been signed as the company’s brand ambassador. Speaking of Sindhu’s new role off the court, Centuary Mattress Executive Director Uttam Malani said she will be championing the importance of the right mattress for fitness and well-being by using the innovative products brought out by the company. “We are elated to welcome P V Sindhu to the Centuary family as our new brand ambassador. Sindhu is a perfect fit for Centuary through shared values of excellence and dedication. We look forward to reaching out to all individuals with our innovative products and informative campaigns through this collaboration,” Malani said. Terming her collaboration with the firm as an exciting step, S...

The 5,000 sq ft Puma store is located at Upvan, a strip mall near Behror New Delhi: International sportswear brand Puma has opened an outlet on a strip mall on the Jaipur-Delhi highway, leasing advisory CRA Realtors announced on social media. The 5,000 sq. ft. outlet is located at Upvan, a pitstop in Behror that falls on the busy Jaipur-Delhi highway. According to National Highways for Electric Vehicles data, 1,00,000 vehicles run on the Jaipur- Delhi-Agra corridor on a daily basis, making it an attractive retail location. “We are excited and very happy to announce the opening of 5000 sq.ft of #puma outlet at Behror (Jaipur-Delhi) highway at Upvan. Upvan is a great pitstop at Jaipur-Delhi highway with many food options like BK, Haldirams, Starbucks, Skechers and shopping,” CRA Realtors wrote on Linkedin while sharing pictures of the new Puma store. CRA Realtors specialises in retail leasing, food and beverages leasing, Mall advisory, and corporate leasing and works with a wide ra...

From tie up with ISRO to voice directions, how Pataa is helping improve location accuracy by simplifying India’s complex addresses New Delhi: If physical retail is about location, e-commerce is about an address. Last-mile deliveries are the most important leg of online business and they depend on getting the right address. Incorrect addresses or the inability to find the right address lead to a rise in return to origin, which is a significant loss to e-commerce businesses, not to mention a big turn-off for consumers. According to founders of Pataa, due to inaccurate addresses, majority of the logistic companies are losing almost Rs6 to Rs7 extra per delivery. “Poor addresses cause a substantial economic burden of $10 to $14 billion to India annually,” founder Rajat Jain said. Identifying the critical need, in 2021, brothers Rajat and Mohit Jain embarked on a journey to simplify addresses and transform last-mile deliveries. L-R: Rajat and Mohit Jain Pataa is a free-to...

Reliance Retail, after acquiring Campa Cola from Pure Drinks Group for Rs 22 crore last year, re-launched it and the product is available in selected markets New Delhi: Reliance Retail is scaling up the production of the home-grown cola brand Campa Cola and has plans to take it to the global market starting with the Asian and African markets. Reliance Retail, after acquiring Campa Cola from Pure Drinks Group for Rs 22 crore last year, re-launched it and the product is available in selected markets, competing with leading beverage majors such as Coca-Cola and PepsiCo. “We have launched Campa Cola with the promise of great Indian taste, and consumers have embraced it wholeheartedly. We are scaling it up further in India, and have also started work to take it global, starting with Asia and Africa,” said Isha Ambani, Director of Reliance Retail. Earlier this year, Reliance Consumer Products (RCPL), the FMCG arm of Reliance Retail, had entered into a strategic partnership with Sri Lank...

The retail stores are a mix of Helios and Titan World and are spread across prominent locations in Delhi, Noida and Ghaziabad New Delhi: Accessories retailer Titan Company Ltd. has launched 12 brand outlets of Titan World and Helios across Delhi and NCR, the company announced in a release on Monday. The retail outlets are spread across prominent locations in Delhi, Noida and Ghaziabad with four standalone and eight combination stores. “We are thrilled to announce the first-ever marathon launch of 12 brand outlets in Delhi NCR. The new stores cater to a wide range of products inclusive of over 45 international brands with superlative designs for varied festivities and occasions to suit diverse preferences,” Ajay Dwivedi, retail head, the watches and wearables division, Titan Company Limited said. The company now has over 640 Titan World stores and more than 200 Helios stores in India and post-covid, it has opened over 175 stores. The new outlets were inaugurated in the presence of ...

Associations representing retail and apparel manufacturers are seeking a more balanced approach considering the economic impact of the shutdown New Delhi:  Retail industry apex body Retailers Association of India (RAI) has written to the Delhi government urging the government to reconsider the total shutdown imposed in Delhi NCR during the G20 Summit set to take place in Delhi from 8 September to September 10, as per an RAI release. Voicing concerns about the proposed blanket suspension of operations for retail stores, malls, and restaurants during the G20 Summit, RAI has strongly advised revisiting the comprehensive shutdown of retail operations. Pledging complete adherence to any Standard Operating Procedures (SOPs) provided, RAI suggests a more measured approach to closures, potentially focusing on peak times or specific areas close to G20 venues like Lutyens Delhi. “Retail is integral to Delhi’s cultural identity. Entirely shutting down retail and food & beverage esta...

Barista has the second-largest store network in India with 350 locations followed closely by Starbucks with 340 stores Mumbai : Café Coffee Day holds the most prominent store network with over 400 locations despite up to 1,000 store closures over the past three years, according to  cloud-based data intelligence platform   GapMaps’  first Cafe Retail Network Report. Barista has the second-largest store network in India with 350 locations across the country followed closely by Starbucks with 340 stores, the report found. Whilst the top 3 brands have store networks across the majority of the 26 cities with over 20 lakh residents, the report shows they only operate store networks across half of the Tier-1c cities with 10-20 lakh residents, and only 20% of the 75 Tier 2 cities with populations ranging from 5 lakhs to 10 lakhs residents. Café Retail Network Report in India for 2023 tracks store counts and market penetration of 9 leading café brands in nearly 1,800 location...

The report highlights real estate growth, trends, and dynamics within the Indian retail landscape during the first half of 2023 India Retail Figures H1 2023 report by real estate investment and consulting firm CBRE highlights real estate growth, trends, and dynamics within the Indian retail landscape during the first half of 2023 (January-June). Incorporating insights from surveys, the report encompasses retail real estate developments in 11 prominent Indian cities. It furnishes an extensive analysis of key retail categories driving absorption, key leasing transactions, and graphical depictions of rental value fluctuations within shopping mall clusters and high streets. Additionally, the report underscores the surging trend and substantial opportunities within the Indian consumer market, as international brands are once more strengthening their foothold in the country. Key findings of the report are as follows: Bengaluru, Delhi-NCR, and Ahmedabad collectively accounted for a cu...

Each store spread across 3,350 sq ft offers a wide range of jewellery pieces of Mia in gold, diamond, and colour stones among others Chennai: Jewellery brand Mia by Tanishq from the diversified conglomerate Tata Group has stepped up its retail presence in Tamil Nadu with the setting up of four stores in the city. Each store spread across 3,350 sq. ft. offers a wide range of jewellery pieces of Mia in gold, diamond, and colour stones among others. The exclusive stores of Mia in Chennai have an exquisite range of trendy and contemporary 14kt and 18 kt jewellery designs and they were inaugurated commemorating the auspicious Varamahalakshmi festival, a press release said. “Mia by Tanishq is an important part of Titan’s jewellery portfolio that caters to the GenZ. Today, we proudly open the doors to four new stores in Chennai,” Titan Company Ltd, jewellery division, CEO, Ajoy Chawla said. “Chennai is a key market for Mia, thriving with many modern, young, financially independent wom...

Swati Pandey, Head, Recruitment & Business Development of Unison International Consulting talks to Rasul Bailay, Group Managing Editor, IMAGES Group about post-Covid hiring trends in the retail industry and the new evolved job openings, like digital marketers, influencers in corporate teams, creative directors, UI/UX specialists and social media specialists and about finding the right talent to meet the growing demand from India’s luxury segment. The post Middle East is emerging as a hotspot for scouting retail talent for India: Swati Pandey, Unison International appeared first on India Retailing . from India Retailing https://ift.tt/GjdOMRo via IFTTT

How KKCL maximised inventory rotations, minimised stock ageing, fine-tuned business strategies reduced waste and enhanced profitability with the help of its tech partner Logic ERP Mumbai:  Killer is one of the early players in India’s denim segment. Founded in 1989 by Kewal Kiran, Killer Jeans is the flagship brand of Kewal Kiran Clothing Ltd. (KKCL). What began as a denim-centric venture has now transformed into a multi-brand powerhouse, housing brands like K-Lounge, Easies, Lawman, and Integriti. According to Lakhbir Singh, brand head, KKCL, Killer is the second biggest brand with Reliance at present and is available on around 700 terminals. Pre-COVID-19, the brand had around 32 exclusive stores. In May 2023, there were 230 operational Killer stores and over 250 K Lounge stores. Its total store count stood at around 500 stores and 650 shop-in-shops. According to Singh, technology has played a pivotal role in shaping the brand’s operations and driving growth over the years. Re...

On a pan-India basis retail leasing witnessed a 24% YoY growth in the January-June 2023 period, and a 15% increase compared to July-December 2022 period Bengaluru: Delhi-NCR (North Capital Region) has recorded an increase in retail leasing by 65% YoY (year over year) across investment-grade malls, high streets and standalone developments in January – June 2023, according to real estate consultant CBRE. As per the report titled ‘India Retail Figures H1 2023’, the total leasing during this period in the region stood at 0.70 million sq. ft. compared to 0.42 million sq. ft. in the corresponding period last year. Delhi-NCR recorded a supply of 0.22 million sq. ft. during January-June 2023. “The retail leasing market presented notable trends and opportunities in the first half of the year. Retail leasing is expected to touch 5.5 – 6.0 million sq. ft. in 2023, the highest level after the 2019 peak of 6.8 million sq. ft,” said Ram Chandnani, managing director, advisory and transactions s...