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

The company has identified seven to eight properties for its expansion Bengaluru:  Business conglomerate Wave Group has identified seven to eight properties to expand its cinematic footprint, which will add about 35 screens shortly, the company said in a press release on Thursday. “We have identified seven to eight more properties that will add about 35 screens shortly. We are going to invest around Rs 100 crore in this expansion,” said Rajiv Gupta, managing director of Wave Group. The company also extended its presence by launching a premium 7-screen multiplex at M3M Urbana Premium, Sector 67, Gurugram on Wednesday, marking the company’s foray into the city. The multiplex houses an overall seating capacity of 899 people and features 4K laser projectors with Dolby Atmos high-definition immersive audio. It is also equipped with a gold class lounge and auditorium designed to provide an opulent cinematic experience. “We at Wave Cinemas understand the requirements of today’s evol...

With an investment of 700 crore and spread over a total expanse of 6.5 lakh sq. ft., the brand-new Forum Kochi from Prestige Group is the quintessential shopping paradise for shopaholics. The Prestige Group made headlines by unveiling Forum Kochi—its first development in Kerala at Maradu on 19 August 2023. Developed in partnership with Thomsun Retailers, the mall aims to become one of Kochi’s most iconic locations,  offering well-packaged solutions for shopping, food, entertainment, and fun. With a total built-up area of 1 million sq. ft., the brand-new Forum Kochi offers a plethora of brands in fashion, lifestyle, jewellery, health and beauty, home solutions, and a host of other categories. It also offers services like top-notch salons, spas, and wellness centres. Strategically located in Maradu, the mall boasts easy accessibility, making it a well-connected destination that seamlessly connects residents and visitors to the city’s vibrant offerings. Retail Mix Home to the new...

Over the coming months, these cost-effective offerings will be gradually extended to 10 more cities New Delhi: Following the success of the tomatoes initiative in Delhi NCR , the National Cooperative Consumers’ Federation (NCCF) is once again joining forces with the Open Network for Digital Commerce (ONDC). This time they will bring economical chana dal and onions to consumers in 100 pincodes in the Delhi NCR region. Chana Dal, a dietary staple for many households, is now available in lots of 2 kilograms (Kg) at Rs 60 per Kg on the ONDC network, which is substantially lower compared to the market price of Rs 90 to Rs 100 per Kg for similar quality Chana Dal. In addition to Chana Dal, ONDC will also sell onions at Rs 25 per kg in lots of 2 Kg. This price is about 25% cheaper than the prevailing market rates of Rs 30 to Rs 35 per Kg in the NCR region. The chana dal and onions can be purchased through various buyer applications on the ONDC Network, including Magicpin, Paytm, MyStore...

The trend of self-checkouts is fast catching in India. Here’s a look at what’s driving the adoption and who are the front-runners In India, supermarket chains were the early adopters for self-checkouts. Leading the way was HyperCity way back in 2017. The other prominent names who offered this service before the onset of Covid19 were Decathlon, BigBazaar, SunnyBee in Chennai, Myntra’s Roadster Go etc. When we take a look at the current retail landscape in India, the big names like Reliance Retail, Aditya Birla Fashion and Retail, Decathlon etc. have adopted the self checkout feature at their stores and going by the dynamics, a many others are going to follow suit. Clearly, leading the way in the implementation of self checkouts in India would be the brand stores from the house of Reliance Retail Limited. The spokesperson of two of their brands – FreshPik and Yousta shares the dynamics of self checkouts in India and its adoption at their respective stores. FreshPik Reliance Retail Li...

Vivek Srivastava, Director-Business Development, Aditya Birla Fashion and Retail Ltd (ABFRL)speaks to Rasul Bailay, Group Managing Editor, IMAGES Group discusses the transformation, prospects, and hurdles faced by the retail sector. He also delves into the motivations behind brands’ expansion into mall spaces and offers his insights on the future of the retail industry in the years ahead. The post Malls look for relevance, novelty and sustainability – Vivek Srivastava of ABFRL appeared first on India Retailing . from India Retailing https://ift.tt/HRFZxui via IFTTT

Implementing omnichannel marketing strategies empowers malls to create a comprehensive and compelling shopping experience that connects with customers across various channels By Gaurav Balani, DGM – Marketing, Infiniti Mall Mumbai : The retail industry is experiencing a massive shift due to the surge in e-commerce and constantly evolving consumer behaviour. With the increasing popularity of online shopping, conventional establishments such as shopping centres, are confronted with the task of connecting the dots between their physical and digital realms. To flourish in this transformative era, malls are required to embrace omnichannel marketing strategies that can blend their offline and online experiences for customers. Opting for omnichannel marketing strategies, malls can create a last mile experience for their customers. It’s very important to understand the significance of adopting an omnichannel approach for the mall businesses in India, to take advantage in terms of enriching c...

Footwear is bought all year round and has a better market structure than many of the other products out there. This, and the seasonality in the business, is what pushed Anuj Nevatia to launch his footwear brand Bacca Bucci, which has since gained popularity among Indians Anuj Nevatia’s desire to create shoes that are affordable for everyone, with a lot of variety in designs and no compromise on quality, led to the inception of his brand Bacca Bucci. It is a one- stop shop for the latest collections of footwear for men, women and children, along with men’s belts and wallets. “Bacca Bucci is a dream come true in which countless hours of effort, magnificent ideas and funds from unimaginable sources have been invested. Initially, things with our brand were not as planned as what you would find in every second start-up. Even though we faced a lot of problems regarding planning, strategising, coordinating and sometimes, with sourcing the funds as well, that did not stop us,” shares A...

Over the last five years, alternative payment solutions like Amazon Pay, Google Pay, and Paytm have consistently risen in popularity among Indian consumers Bengaluru: With a market-share of about 58%, alternative payment methods such as mobile and digital wallets have displaced cash and cards as the most popular online payment in 2023, according to data and analytics company GlobalData. The report reveals that India’s e-commerce market value is set to increase at a compound annual growth rate (CAGR) of 28.2% to Rs 9.7 trillion ($117.3 billion) in 2023, up from from Rs 2.8 trillion ($33.9 billion) in 2018. The report said the growth will be driven by the rising internet and smartphone penetration, discounts, faster delivery options offered by online retailers, and the growing consumer preference for online shopping. “Alternative payments have gained huge traction in India since the demonetization in 2016,” said Ravi Sharma, lead banking and payments analyst at GlobalData, a data and...

Located at Palladium Mall in Ahmedabad, it is the Diesel’s first store in Gujarat Mumbai : Fashion and lifestyle brand Diesel has opened its first outlet in Gujarat at Palladium Mall in Ahmedabad, a mall official announced on social media. “Gujarat’s 1st Diesel store is now open at #PalladiumAhmedabad,” Saurabh Garg, assistant general manager-leasing, The Phoenix Mills wrote on Linkedin. The brand offers a wide collection of denim wear, footwear and accessories for men, women and kids. According to the brand’s website, Diesel has over 5,000 points of sale worldwide with over 400 mono-brand stores, 37 of those in the US. The Italian retail brand is currently among the 50 international brands operated by Reliance Brands in India. The post Diesel opens outlet in Gujarat appeared first on India Retailing . from India Retailing https://ift.tt/IcOVGYp via IFTTT

During the Big Fashion Festival Myntra will offer over 23 lakh styles from more than 6000 brands. Over 5 lakh new styles have been added from brands that are popular among non-metro customers Bengaluru:  Fashion e-commerce platform Myntra is expecting 8 million customers to shop during the fourth edition of its festive season sale Myntra Big Fashion Festival (BFF), the e-tailer said in a press release on Thursday. It offers over 23 lakh styles from more than 6000 brands and over 5 lakh new styles have been added from brands that are popular among non-metro customers. Myntra has also scaled its systems to handle around 1 million concurrent users at peak. This year, the platform will also provide access to constructs that are designed to showcase festive-oriented categories like showstoppers, BFF specials and rewards. “As the nation earnestly awaits the festive season, at Myntra, we are geared to roll out our biggest edition of the ‘Big Fashion Festival’. This is an opportunity f...

FSSAI is closely working with state food authorities to monitor and enforce regulations in this regard New Delhi: Food regulator FSSAI has asked food vendors and consumers to immediately stop using newspapers for packing, serving and storage of food items citing significant health risks. Food Safety and Standards Authority of India (FSSAI) is closely working with state food authorities to monitor and enforce regulations in this regard. FSSAI Chief Executive Officer (CEO) G Kamala Vardhana Rao has “strongly urged consumers and food vendors across the country to immediately stop using newspapers for packing, serving and storing food items.” He expressed concern over the use of newspapers for wrapping or packaging food and also pointed out significant health risks associated with this practice. “The ink used in newspapers contains various bioactive materials with known negative health effects, which can contaminate food and lead to health issues when ingested,” FSSAI cautioned on We...

The store is located in Mangaldas House at Lamington Road, Grant Road Mumbai :  Consumer electronics major Asus has opened its third Select store in Mumbai, the company announced in a press release on Wednesday. The store is located in Mangaldas House at Lamington Road, Grant Road. The new outlet will offer a wide range of products including refurbished Asus consumer laptops, gaming PCs, creator series laptops and desktops, amongst other products of the brand. The company extends a one-year comprehensive warranty on all refurbished products. Arnold Su, business head, consumer and gaming PC, system business group, Asus India shared, “While companies are navigating towards sales driven solely through online channels, we understand that the retail stores are equally important for a customer acquisition and sales strategy. By giving them an avenue to experience the products, we have noticed the rate of conversion of potential sales at a high. The idea behind the launch of ASUS Sele...

According to a Nielsen study, 68% consumers have identified Amazon.in as their go-to and convenient online shopping destination with almost half identifying the e-commerce marketplace for festive shopping Bengaluru:  Amazon.in is the most preferred online brand for consumers to shop this festive season across large appliances for 51% of consumers, according to an Amazon India study conducted across 35 cities in the country by Nielsen Media. It is also the preferred platform to buy mobiles/smartphones (44%) and consumer electronics (43%). One in two consumers is likely to up shopping spending from last year, the study found. Furthermore, 81% of consumers are keen to shop during this festive season. Over 78% of consumers trust online shopping, while 68% of consumers have identified Amazon.in as their go-to and convenient online shopping destination with almost half identifying Amazon.in as the most trusted and loved online brand for festive shopping. In addition, 3 in ...

The ceremony is scheduled to take place on 14 October 2023, at The Ashok, New Delhi New Delhi: The Indian Culinary Forum (ICF) has announced the dates for its 20th Annual Chef Awards, and the 11 th Knowledge Summit. The ceremony is scheduled to take place on 14 October 2023, at The Ashok, New Delhi. Incepted in 2003, the Chef Awards have showcased innovation, creativity, and unwavering dedication within the culinary realm. This year, the Awards are set to honour not only extraordinary kitchen talent but also the enduring impact of the Chef Awards on the culinary landscape. As we gather to celebrate the 20th edition of the Chef Awards, we reflect on the incredible journey that has unfolded over the past two decades. What started as a humble recognition has blossomed into a global phenomenon, igniting a passion for culinary excellence and uniting chefs from across the nation,” Chef Davinder Kumar, President of the Indian Culinary Forum, said. “Our awards don’t just honour talent; t...

RBL is a subsidiary of Reliance Retail Ventures Ltd (RRVL), the holding company of Reliance Industries’ retail business New Delhi:  Reliance Brands Ltd in collaboration with Indian designer Rahul Mishra has launched a new global luxury label, AFEW Rahul Mishra. The inaugural easy-to-wear collection was presented on Wednesday at the Palais de Tokyo in Paris among global retailers, fashion press and celebrities, Reliance Brands said in a statement. Curated by renowned stylist Jenke Tailly, this collection features a lineup of women’s clothing, complemented by a selection of jewellery, bags, and shoes. In the coming months, AFEW Rahul Mishra will be available on AFEW.RahulMishra.in and at Rahul Mishra flagship stores, followed by exclusive AFEW Rahul Mishra stores in key fashion cities. “The launch during Paris Fashion Week propels the brand onto a global stage, reaching the most discerning global audience looking for functional everyday pieces elevated by a couturier’s touch,” ...

This is the first venture of Lulu Group in Telangana, and this first project in Hyderabad is part of the Rs 500 crore investment that Lulu committed to the state Hyderabad: Lulu Group launches its first hypermarket and mall in Hyderabad Telangana IT and Industries Minister KT Rama Rao inaugurated the mall in the presence of Yusuff Ali M A, Chairman of Lulu Group. The mega shopping mall is located at Kukatpally, a rapidly developing area in Hyderabad. This is the first venture of Lulu Group in Telangana, and this first project in Hyderabad is part of the Rs 500 crore investment that Lulu committed to the state, a release said. It is the outcome of several discussions and an MoU signed with the Government of Telangana during K T Rama Rao’s visit to the World Economic Forum last year in Davos. The Rs 500 crore investment Yusuff Ali promised to the Telangana government was fulfilled within a short period of time, it said. “We had made many rounds of fruitful discussions with the g...

Spread over a 13 acre property, the mall is located at Hebbal, North Bengaluru Bengaluru:  Phoenix Mall of Asia by retail mall developer and operator The Phoenix Mills is set to launch in Bengaluru on 20 October 2023, a company official wrote on social media. Spread over a 13-acre property, the mall is located at Hebbal, North Bengaluru. “We can’t wait to share this momentous occasion with you, as we usher in a new era of shopping and leisure at Phoenix Mall of Asia, Bengaluru. Please save the date 20th October for the Grand Launch and we look forward to seeing you there,” said Gajendra Singh Rathore, director of malls – South India at The Phoenix Mills Ltd. while sharing the visuals of the new mall. The mall has a total development potential of 1.69 lakh sq. ft. of which 1.1 lakh sq. ft. will be allocated for retail use. Spanning across five floors, it will host more than 440 brands and provide parking facilities for over 3,400 vehicles, as per its official website. Additionall...

The new outlet is located inside the flagship store of Crossword at Kemps Corner Mumbai : Kids’ furniture brand Smartsters has launched its first brick-and-mortar store-in-store in Mumbai, the company announced in a press release on Wednesday. The store is located inside the flagship store of Crossword at Kemps Corner. “Smartsters is designed thoughtfully where children’s dreams come to life in the form of beautiful and imaginative furniture. We are excited to provide families with a unique shopping experience that combines literature and comfort,”  Bikram Mittra, head of design, Smartsters  said. Smartsters is an online-first furniture and decor brand for kids that offers a wide range of products including study tables, bunk beds, storage options, mattresses and bed linen. Mumbai-based book retail chain Crossword Bookstores was established in 1992. Its first outlet opened in October 1992 at Kemps Corner, Mumbai. In 2005, the company became a wholly-owned subsidiary of t...

The new Azorte store is spread over 22,000 sq. ft. of retail space and is located at the Viviana Mall in Thane Bengaluru:  Azorte, a premium fashion and lifestyle store chain by Reliance Retail, has launched its third store in Mumbai, a company official wrote on social media. The store is spread over 22,000 sq. ft. of retail space and is located at the Viviana Mall in Thane, a suburb of Mumbai. “ Azorte  marks its entry into the ‘city of lakes’. We have launched our new store at Viviana Mall, Thane,” said Rakesh Jallipally, business head at Azorte in a LinkedIn post while sharing the images of the new store. The tech-enabled store caters to the fashion and lifestyle needs of women, men and kids and is equipped with self-check-out kiosks, interactive screens and mobile scan and pay. Azorte opened its second store in Mumbai three weeks ago at Infiniti Mall, Malad. and its first store in the city at Nexus Seawoods Mall, Navi Mumbai in November 2022. Reliance Retail launched ...

The programme, Velocity, will help build a logistic ecosystem to enable new entrepreneurs to convert their ideas into viable, functional business solutions New Delhi: Logistics company Delhivery has partnered with private equity firm Nexus Ventures and Amazon Web Services to launch an accelerator programme for budding entrepreneurs in the logistics space, a statement said on Tuesday. The programme, Velocity, will help build a logistic ecosystem to enable new entrepreneurs to convert their ideas into viable, functional business solutions, Delhivery Chief Technology Officer and Executive Director Kapil Bharati said. Leading cloud services provider AWS is providing activate credits of USD 25,000 (around Rs 21 lakh) to selected startups for building and scaling technology infrastructure. In the first edition of the programme, 20 out of 234 applicants were picked for providing mentorship, the statement said. Warehousing-focused ODWEN, Wherehouse, and Warehousity; EV fleet providers, ...

Explore the five largest “made in India” burger chains, distinguished not only by their extensive retail presence but also by their significant impact on the global fast food scene Bengaluru:  Burgers, once considered an exotic indulgence in the culinary landscape of India, have now become an ubiquitous delight, embraced by people of all ages and backgrounds. As the nation’s appetite for fast-food items continues to grow, a wave of homegrown burger brands has emerged, redefining the burger experience with their unique flavours, innovation and a dash of desi inspiration. The Indian QSR market, currently estimated at $16.72 billion in 2023, is poised for remarkable expansion, with projections suggesting it will soar to $32.22 billion by 2028, at a staggering compound annual growth rate (CAGR) of 14.2%, as per global market research firm Infogence Global Research. Undoubtedly, the fast food burger chains in India are playing a pivotal role in this phenomenal growth within the QSR se...

The startups that will receive equity-based funding are Algomage, Castler, FlexifyMe, NimbleBox.ai, and ReCircle Bengaluru:  E-commerce marketplace Flipkart’s venture investing arm, Flipkart Ventures, is investing in five early-stage startups as part of its accelerator program—Flipkart Leap Ahead (FLA), the company said in a press release on Tuesday. The startups that will receive equity-based funding are Algomage (AI-based image-sharing platform), Castler (escrow service company), FlexifyMe (health tech platform), NimbleBox.ai (machine learning operations platform), and ReCircle (resource recovery enterprise). Now in the second year of Flipkart Leap Ahead, the program aims to foster innovation and nurture entrepreneurship by providing entrepreneurs with the tools they need to succeed in their domain, and also positively impact the ecosystems in which they operate. The selected startups will receive mentorship for growth and innovation, with equity-based investments ranging fro...

With this, the total members of the ONDC’s advisory council will be 13 New Delhi: Road, Transport and Highways Secretary Anurag Jain and former additional secretary in the department for promotion of industry and internal trade (DPIIT) Anil Agarwal have become new members in the advisory council of ONDC, an official said. With this, the total members of the council will be 13. The council was set up in 2021 by the government to accelerate the adoption of the open network for digital commerce (ONDC), the official said. Other members of the council include Nandan Nilekani from Infosys; National Health Authority Chief Executive Officer R S Sharma; Chairperson, capacity building commission, Adil Zainulbhai; Avaana Capital Founder Anjali Bansal; Joint Secretary, DPIIT, Sanjiv; and Digital India Foundation Co-Founder Arvind Gupta. ONDC aims to promote an open platform for all aspects of e-commerce retail. It would help small retailers expand their business through e-commerce medium and...

The brand is planning to deploy the funds in brand building, research and development and bolstering offline expansion within India Bengaluru:  Beauty and personal care brand Pilgrim has raised $20 million in Series B funding led by Vertex Ventures Southeast Asia and India along with existing investors Fireside Ventures and Narotam Sekhsaria Family Office, the company said in a press release on Tuesday. The brand is planning to deploy the funds in brand building, research and development and bolstering offline expansion within India. “Our commitment to sourcing world beauty ingredients and addressing consumer requirements remains unwavering, bolstered by the invaluable support of our esteemed partners, Vertex Ventures, Fireside Ventures, and the Narotam Sekhsaria Family Office. Their faith in our solid business fundamentals fuels our ambition to emerge as frontrunners in India’s expansive beauty and personal care sector,” said Anurag Kedia and Gagandeep Makker, co-founders of Pi...

As COO, his primary objective will be to lead the charge in driving ongoing innovation and nurturing the company’s expansion, it said Mumbai:  Logistics startup COGOS on Tuesday announced the appointment of Prasad Katta as its new Chief Operating Officer (COO) as well as a director on the company’s board. In his role at COGOS, he will be responsible for the oversight of various key departments, including business development, operations, legal, MIS and business process improvement, among others, the company said in a statement. As COO, his primary objective will be to lead the charge in driving ongoing innovation and nurturing the company’s expansion, it said. “As we continue our journey towards pioneering innovation within the logistics industry, we have full confidence that Prasad will assume a pivotal role in driving us toward our objectives,” said Prasad Sreeram, CEO and co-founder of COGOS. With over three decades of experience and a wealth of expertise in optimising team...

Available on the Myntra app and launched right ahead of Myntra’s annual festive event, Big Fashion Festival (BFF), the chatbot is all set to assist users Bengaluru: Fashion e-commerce platform Myntra has introduced conversational AI (artificial intelligence) -powered chatbot Maya, to make consumers’ shopping experience more customised, while helping them expedite their decision making, the e-tailer said in a press release on Monday. The feature, which is an extension of Myntra ’s virtual fashion influencer, Maya, has the ability to streamline discovery and refine choices for customers.Available on the Myntra app and launched right ahead of Myntra’s annual festive event, Big Fashion Festival (BFF), the chatbot is all set to assist users. “The introduction of our AI-powered shopping assistant, Maya, marks a significant milestone in our journey to elevate the shopping experience of millions of fashion-forward shoppers in the country by providing a conversational interface to our users...

The RP has moved an application under section Section 66(1) of the Insolvency & Bankruptcy Code New Delhi:  Kishore Biyani, the erstwhile promoter of debt-ridden Future Retail, has moved the Bombay High Court against the forensic audit process of the company. Earlier in August this year, Kishore Biyani and his brother Rakesh Biyani were asked by Bank of India to respond to findings made in the forensic audit report by BDO, a forensic auditor appointed by the leading financial creditor of Future Retail Ltd (FRL). The forensic auditor had submitted its report on August 9, 2023, and Bank of India sought representation/submissions from the company over the credit facilities availed by Biyani, which was replied by the resolution professional on August 28, 2023, FRL said in a regulatory filing. “Kishore Biyani – Director of the Company, has filed a writ petition before High Court, Bombay, inter alia challenging the Forensic Audit process, including the Forensic Audit Report dated...