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Employees want workplace flexibility, a greater emphasis on diversity, and impartial hiring processes, while companies are eager to provide fair, engaging and streamlined candidate experiences to attract and retain top talent New Delhi: Data-driven hiring ways, inclusive and diversity-focused practices and nearly double-digit salary hikes are likely to leave their stamp on the human resource landscape in 2024 as companies continue to scout for the right talent amid economic uncertainties. Over the last few years, the expectations of candidates and employers have changed dramatically. Employees want workplace flexibility, a greater emphasis on diversity, and impartial hiring processes, while companies are eager to provide fair, engaging and streamlined candidate experiences to attract and retain top talent, according to experts. Designing comprehensive well-being programmes, including flexible work arrangements, inclusive culture and work-life balance policies will be among the pri

New Delhi: Employees and employers geared up to adopt artificial intelligence at the workplace, with 59 per cent of employees very confident in their ability to adapt and utilise AI tools, says a survey. According to an Indeed survey, going ahead, diversity and inclusion will take centre stage, as 47 per cent of employers indicate a forthcoming surge in policy adoption. The survey that covered a total of 6,531 individuals, consisting of 1,223 employers and 5,308 employees, noted that the focus will be on adopting AI and meeting the expectations of Gen Z employees. As per the survey, 59 per cent of employees are very confident in their ability to adapt and utilise AI tools. Meanwhile, only 19 per cent of surveyed employers have already implemented or are in the process of implementing next-generation technologies such as Generative AI at the workplace during the coming year. “From the rise in generative AI skills to the enduring importance of programming languages and the growing

The tie-up aims to increase the accessibility of sexual wellness and intimate care products for consumers across India New Delhi: E-commerce platform HealthMug has partnered with Bold Care, a health and wellness platform, a joint release by the company stated. The tie-up aims to increase the accessibility of sexual wellness and intimate care products for consumers across India, the release added. Bold Care is known for addressing men’s sexual health through science-backed chemical-free products. By partnering with HealthMug, an online health and wellness platform , the brand is set to provide a comprehensive range of solutions which will meet the evolving needs of consumers. “This strategic collaboration is set to revolutionise the way consumers access sexual wellness and intimate care products. We are confident that together we will contribute to significant growth in both businesses,” said Saurav Singh, senior category manager, HealthMug. “Bold Care’s collaboration with HealthM

The cosmetic brand has experienced exponential growth since the start and accounts for almost 300 percent growth since it started operations Bengaluru: Going by the general trend in India, cosmetics was mostly regarded as an ‘occasion-based’ category in retail. With the advent of several new league brands, the concept is changing and Renee Cosmetics looks to reinvent this category by innovating its product offering, making it multifunctional and easy on the pocket. Getting the trend on-point Keeping innovation at the core, Priyank Shah, Aashka Goradia Goble, and Ashutosh Valani, co-Founders, Renee Cosmetics aims to bring forth products that are premium yet affordable under the banner of Renee. The brand has always looked to explore the growing customer trend and feed the ask for trendy yet affordable cosmetics with their multifunctional range of lipsticks and other offerings. Keeping its inventive streak intact, the brand has also launched Princess by Renee, an exclusive makeup ra

From a logistics firm to stationery and personal care brands, here are companies from the retail ecosystem that went public in 2023 The year 2023 has been a robust one for initial public offers (IPOs), not only in terms of returns and subscriptions but also in terms of the emergence of IPOs as a distinct asset class, said IIFL Securities on its blog. Out of the 102 IPOs filed so far in the year, 87 have given positive returns post-listing as per Bombay Stock Exchange (BSE) data. Here, we list IPOs by retail-related companies that hit the bourses in 2023 in chronological order. They are an interesting mix of logistics firms, jewellery companies, stationery and personal care brands. Have a look… TVS Supply Chain Solutions Ltd. Listing Date:  23 Aug 2023 Issue size:  Rs 880.00 crore Subscription Times:  2.85 Issue Price:  Rs   197.00 TVS Supply Chain Solutions (TVS SCS), part of TVS Mobility Group, is an Indian multinational company offering integrated supply chain solutions to v

With the construction of new highways, the increasing affordability of cars, and the soaring rental prices on high streets, it is natural for retailers to reconsider their location strategies Ten years from now, highways will contribute to a sizeable turnover to retailers than highstreets, up significantly from a minuscule contribution now. In recent years, a significant shift has been observed in retail. The high street—a traditional hub for shopping and food—has been facing challenges as more and more businesses are considering a move to highways. In the last decade, the Government of India has constructed over 1,00,000 km of roads/highways and shall continue to do so, for many years to come. As per the data released by the Ministry of Roadways in India, the National Highways (NH) since 2014 have almost doubled. With the construction of new highways, the increasing affordability of cars, and the soaring rental prices on high streets, it is natural for retailers to reconsider their

Cinnamon Closet is a women’s western wear brand that has been steadily growing since its inception in 2017, catering to the evolving customer needs of new-age women New Delhi:  The brainchild of Vinita Choudhary, Cinnamon Closet is a purely bootstrapped women’s western wear brand, which positions itself as a premium brand in the category. The brand, by catering to the evolving needs of its customers and by standing up to the market trends has achieved 100% growth in its revenues last year. The brand has introduced very innovative products in the Western wear category that stand out in terms of ť t and design, since the start. The brand entered the market to reinvent the workwear category, which was not very pronounced during 2017-18. “We had started the brand with a focus on workwear for women professionals. However, we have expanded our category to cater to a wider audience now. We are now creating smart casuals to suit the everyday needs of women who prefer timeless and elegant c

Ratan Tata is looking to sell all 77,900 shares of Brainbees Solutions Ltd, which owns omnichannel platform FirstCry, in the upcoming IPO New Delhi: Veteran industrialist and former Tata Group Chairman Ratan Tata is looking to sell all 77,900 shares of Brainbees Solutions Ltd, which owns omnichannel baby and mother-care product platform FirstCry, in the upcoming IPO. Tata became an investor in the company in 2016 by infusing Rs 66 lakh initially. He was allotted preference shares of the company. According to the draft red herring prospectus (DRHP) filed on Thursday, Tata is offering to sell his entire 77,900 shares, amounting to a 0.02 per cent stake, of FirstCry. The Pune-based company’s proposed Initial Public Offering (IPO) comprises a fresh issue of equity shares aggregating up to Rs 1,816 crore and an Offer For Sale (OFS) of up to 5.44 crore equity shares by existing shareholders, as per the draft papers. As a part of the OFS, SVF Frog, a Cayman Islands-registered entity of

Here’s what key players across categories say about how the year was for their business Overall, for retail, the year was a moderate one but growth was muted in comparison to 2022. However, despite the tinge of gloom, for some players the year turned out to be one of the best. Here’s what key players across categories say about the year that was. Pepe Jeans India: For the leading denim brand, 2023 was a year of growth over the last year. “Last year on a consumer sales revenue we did close to Rs 1,200 crore and book revenue of Rs 562 crore. We grew almost 55% as compared to the previous year. Pepe Jeans grew almost 42%, as compared to the pre-COVID numbers,” managing director Manish Kapoor said. He added that Pepe Jeans London is getting a “bigger proportion” of its growth coming from small tier 2 & 3 markets. Currently, the top eight cities contribute to around 58% of the Pepe Jeans business, and the rest 42% comes from tier 2 and below markets. Pansari Group: The Delhi-base

The company is particularly focused on expanding its footprint in the beauty segment New Delhi: Retail major Shopper’s Stop Ltd. has opened an outlet of SS Beauty, its beauty concept store, at Terminal 2 of the Kempegowda International Airport, Bengaluru, a social media post by a company official stated. “Journey into a realm of beauty and sophistication! Unveil the magic at our groundbreaking and one of the largest SS Beauty Store, situated in India’s most admired destination, Bangalore T2 Terminal. Elevate your beauty experience with a universe of premium and luxury beauty brands,” said Deepak Yadav, chief business development officer, Shoppers Stop in a LinkedIn post. IndiaRetailing had earlier reported on how the Mumbai-based department store operator has been eyeing a particular space in Terminal 2 of the Bengaluru airport to open a flagship store of its SS Beauty. It also outbid some of corporate India’s heavyweights like Reliance Retail, Tata Group’s Tata Cliq and Nykaa to

A look at how the year 2023 has been for retail in India The year 2023 was a mixed bag for retail in India marked by aggressive expansions on one hand and sluggish sales on the other. While there were reasons to cheer for as an industry, there were also moments of concern. Here’s a roundup of the good and the bad in 2023. The bad The year 2022 was marked with accelerated growth perhaps because of revenge shopping. Now that the spree has ended, retailers across categories say that this year has been subdued in comparison. IndiaRetailing spoke to a wide spectrum of retailers earlier in the month to find out the reasons behind the same. Click here to read what they said. “2023 has been one of the worst seen in recent times. Retail sales have been subdued, even during the festive period as well as the end of season sales,” Rahul Mehta, chief mentor, Clothing Manufacturers Association of India (CMAI) speaking about the apparel sector. “What has made it more challenging is that the ex

The new store will open at Khalapur on the Mumbai Pune Expressway New Delhi: Canadian coffeehouse and restaurant chain Tim Hortons has announced in a social media post that it will open a new outlet on December 29 at Mumbai Pune Expressway, HPCL Petrol Pump, after Khalapur Toll plaza. “Save the date as we’re all set to brew up deliciousness on 29th December at Mumbai Pune Expressway, HPCL Petrol Pump, after Khalapur Toll with guaranteed surprises in store for everyone,” wrote the official LinkedIn handle of Tim Hortons while sharing a video. Currently, there are 25 Tim Hortons outlets in India and this will be the brand’s 26th outlet in the country. The 25th store was launched in Punjab this month. The cafe chain made its Indian debut in August 2022 by opening two outlets in the National Capital Region (NCR). The brand entered India through an exclusive master franchise agreement with AG Café, a joint venture entity jointly owned by the retail conglomerate Apparel Group and Gatewa

The maximum number of payments have been done on Saturdays, making it the busiest day in the week for digital transactions New Delhi: As many as 912 crore merchant transactions were made using Paytm in Q2FY24, parent One97 Communications said on Wednesday. Notably, the maximum number of payments have been done on Saturdays, making it the busiest day in the week for digital transactions, the company said releasing Paytm ‘s 2023 Recap. When making most payments from midnight to 6 AM, Delhi emerged as Paytm’s night owl, outshining cities like Hyderabad, Bengaluru, Chennai, and Goa, the release said. “A whopping 912 crore merchant payments were made using Paytm in Q2FY24,” according to the release by One97 Communications Ltd (OCL) which owns the brand Paytm. Releasing Paytm’s 2023 Recap, it said if all the Paytm QR codes used this year were stacked up, they would be taller than 40 Qutub Minars. Paytm said it continues to strengthen its leadership in in-store payments, with more than

The stock listed at Rs 282, up 0.71 per cent from the issue price on the BSE. Later, it recovered the lost ground and jumped 6.71 per cent to Rs 298.8 New Delhi: Shares of Credo Brands Marketing Ltd, which owns denim brand Mufti, made a muted market debut on Wednesday, listing with a marginal gain of nearly 1 per cent against the issue price of Rs 280. The stock listed at Rs 282, up 0.71 per cent from the issue price on the BSE. Later, it recovered the lost ground and jumped 6.71 per cent to Rs 298.80. At the NSE, the stock made its debut at Rs 282.35, up 0.83 per cent. The company’s market valuation was Rs 1,834.21 crore during the morning trade. The Initial Public Offering (IPO) of Credo Brands Marketing got subscribed 51.85 times on Thursday, the last day of subscription. The Rs 549.77-crore initial share sale of 1,96,34,960 equity shares had a price range of Rs 266-280 apiece. Credo Brands’ public issue was an Offer For Sale (OFS) of up to 1.96 crore shares by promoters an

The newly opened outlet will be the 28th from the brand in the northern region of India New Delhi : Coffee-first quick service restaurant (QSR) brand Third Wave Coffee has opened its 113th outlet at Spectrum Metro Mall sector 75, Noida, a social media post by a company official stated on Tuesday. This will be the 28th outlet from the brand in the Northern region with many more expected to be launched in the future, said a LinkedIn post by Naman Negi, Business Development Lead at Third Wave Coffee. “Super happy to share today we had our 113th outlet launch. With this launch, we are now a 28-outlet-strong brand in North India, with many more in the pipeline. Third Wave Coffee is now brewing at Spectrum Metro Mall sector 75 Noida,” said Negi. Third Wave Coffee was founded by Sushant Goel, Ayush Bathwal, and Anirudh Sharma in 2017. The coffee brand is run by Heisetasse Beverages Private Ltd., an Indian company with cafes across different Indian cities namely Hyderabad, Coonoor, Bengal

The industry is expected to grow around 10% in 2024 as players offer more premium products, cater to rising demand for smart appliances and make more investments after significant business tailwinds this year New Delhi: The country’s appliances and consumer electronics industry is expected to grow around 10 per cent in 2024 as players offer more premium products, cater to rising demand for smart appliances and make more investments after significant business tailwinds this year. Consumers are now looking for a “better total cost ownership” of products leading to a rise in demand for smart appliances, inverter ACs, heavy top-load washing machines, double-door frost-free refrigerators having over 300 litres capacity and large screen 4K LEDs, in which 51 inches screen is seeing the fastest growth in terms of sales, according to industry leaders. Premiumisation, where users are not shying away from paying extra for a better experience, convenience, connectivity and energy efficiency, w

Meesho is the first unicorn e-commerce firm to have reported profit this year and it claims to have maintained the profitability since it first reported the performance in July New Delhi: Around 75,000 sellers achieved double-digit growth while over 20,000 sellers witnessed a 10-times jump in their business on Softbank-backed e-commerce firm Meesho, the company said on Sunday. Meesho is the first unicorn e-commerce firm to have reported profit this year and it claims to have maintained the profitability since it first reported the performance in July. The company claimed that nearly 10,000 Meesho sellers crossed the Rs 1 crore sales mark and 130,000 registered sales of over Rs 1 lakh during 2023. Around “60 per cent of these sellers come from small towns like Avinashi, Bharuch, Fiazabad and Silchar”, Meesho said. Meesho said that it added around 7 lakh new sellers this year taking the total number to 15 lakh this year. The company recorded transactions for 14 crore customers and

Andrew Leo, Founder of Athflex, was sure about one thing when he launched Athflex and that is to sell comfort to athletes at an affordable price tag. With this clear point of view, he started Athflex as a fully gym-focused brand where the team started hiring top athletes to work with them and establish the brand in that niche Building a trend According to reports, the athleisure market is anticipated to grow to $549 billion by 2028. Athleisure and comfort wear are certainly what the customer is demanding to ‘stay on the go’ and be comfortable throughout the day. To break into this category, Athflex was also born out of a need. Answering the call of stylish fitness enthusiasts Athflex rolled out its extensive range of performance wear, which comfortably doubles up as leisure wear too. So, serving both purposes, this specialized clothing is well suited for the athletes and the conditioning community. In order to suit the evolving lifestyle needs of consumers Athflex, experiments with

How Hearty Mart evolved from a single supermarket in Ahmedabad to a business consortium with offices in Dubai and aspirations to serve the world Hearty Mart, a Gujarat-based company, has recently marked a significant chapter in its journey by establishing its overseas office in the vibrant city of Dubai. This move represents a remarkable evolution for Hearty Mart, which commenced its operations in 2004 in the suburban Juhapura neighbourhood of Ahmedabad. The genesis In the backdrop of communal turbulence that engulfed the city in the recent past, Nadeem Jafri envisioned and brought to life Hearty Mart, a supermarket situated at Vishala Circle on the outskirts of Juhapura in 2004. Instead of perceiving the predominantly Muslim population in the neighbourhood as victims, Jafri saw them as potential customers with dreams and aspirations. Recognizing an unexplored market, he embarked on a mission to fill the void of organized retail catering to the distinctive needs of Juhapura. The g

Anuj Singh, Managing Director and Chief Executive Officer of Spencer’s Retail engages in a conversation with Rasul Bailay, Group Managing Editor of IMAGES Group about the different retail formats employed by the company, its geographical priorities for expansion, strategies for maintaining a balance in product availability and much more. The post Spencer’s will double down in West Bengal, UP, NCR – Anuj Singh, MD of Spencer’s Retail appeared first on India Retailing . from India Retailing https://ift.tt/lNnw3aR via IFTTT

When the nuts brand Happilo went omnichannel it faced several challenges. Adopting just one solution not only helped overcome those but also achieve efficiency, operations and customer experience New Delhi:  Nuts brand Happilo was launched in 2016. Adopting an omnichannel approach to achieve a larger reach, the brand opened its first offline outlet in the year 2022. Currently, the company has around 10 stores in cities including Bengaluru, Mumbai, and Gurugram. It is also present in 15,000 general trade (GT) stores. The Challenge During its transition to omnichannel, the company went through a fair share of challenges. These included building a skilled team to facilitate the shift from an e-commerce-centric model to an omnichannel model. Other areas where the company faced difficulties include inventory, billing and enhancing customer experience. During the early stages of this transition, multitasking demands often resulted in errors, providing valuable lessons in talent acquisi

Arjun Gehlot, Director – Ambience Group, speaks on the Group’s current focus areas for malls, innovations and prospects Since its inception in 1986, Ambience Group has distinguished itself from the competition. It commenced its journey developing premium residential apartments in South Delhi and later ventured into developing large projects, after acquiring a landmark land parcel on NH-8, Gurugram, zero kilometres from the Delhi Border. Here, Ambience developed a signature integrated township ‘Ambience Island’, comprising a residential complex, commercial building, retail, a hotel, a 9-hole pitch and putt golf greens and community facilities. The group then ventured into other projects like shopping centres. Today, it has an array of ongoing and planned projects at strategic locations in Delhi NCR, Sonipat, Panipat, Udaipur and Visakhapatnam. Ambience’s two shopping malls at Gurugram and Vasant Kunj were dream projects of founder Raj Singh Gehlot, who with his dynamism and vitality