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

The sustainable brand specialises in handcrafted bridal sneakers that provide essential support and cushioning for all-day comfort while seamlessly enhancing bridal attire Direct-to-consumer (D2C) footwear brand Anaar was established by Tanushri Biyani in 2024. This sustainable brand specialises in handcrafted bridal sneakers that provide essential support and cushioning for all-day comfort while seamlessly enhancing bridal attire. “We are revolutionising wedding shoes with our exquisite designs and meticulous attention to detail,” said Biyani. “Our selection of wedding shoes allows you to embrace fashion without compromising the allure of your special day.” The brand has quickly gained popularity for its offerings, particularly its highest-selling products, which include the Metallic Mella wedge sneakers, Euphoria wedge sneakers, Groove Signature wedge sneakers, Pop-Rock wedge sneakers, and Butterfly Plea wedge sneakers. What sets Anaar apart is its bridal sneakers crafted as slip-...

India’s retail sector is on the brink of a significant transformation driven by rising domestic consumption and favourable economic conditions. According to a recent Cushman & Wakefield report titled Resurgent Retail: Powered by Rising Retail Consumption , India will require approximately 55 million square feet (MSF) of Grade-A mall space by 2027 to keep pace with demand and align with other South Asian economies in terms of Retail Space Per Capita (RSPC). However, the forecasted new supply of retail space between 2024 and 2027 is just 18 MSF or about one-third of the projected need. Shifting Consumer Landscape The report highlights a shift in Indian consumer spending toward discretionary items and experiential retail. Urban India’s spending on discretionary items increased from 27% in FY2011-12 to roughly one-third in FY2022-23, while spending on essentials has declined. There is also a noticeable rise in monthly food delivery spending and credit card usage, reflecting increase...

According to a regulatory filing from V-Mart, a value retailer, the company had posted a net loss of Rs 86.42 crore in the July-September quarter of the previous fiscal year. New Delhi: V-Mart Retail Ltd reported narrowing down its net loss to 57.99 crore for the September quarter. According to a regulatory filing from V-Mart, a value retailer, the company had posted a net loss of Rs 86.42 crore in the July-September quarter of the previous fiscal year. Its revenue from operations was up 20.3 per cent to Rs 660.97 crore in the September quarter from Rs 549.43 crore in the year-ago period. V-Mart’s total expenses in the September quarter were up 13 per cent to Rs 720.73 crore. The total income of V-Mart, which includes other income, in the September quarter, was at Rs 662.74 crore, up 20.18 per cent. “The same-store sales (SSSG) grew 15 per cent YoY and the inventory stood at Rs 912 crore. The company remains focused on its store expansion plan and has opened 21 new stores in Q2 ...

The advisory mentions items such as gems and jewellery, bullion, precious stones, and allied articles Mumbai: A gems and jewellery industry association on Tuesday cautioned its members and industry stakeholders to carry all necessary documentation to ensure the smooth movement of goods during the upcoming Maharashtra elections. The advisory mentions items such as gems and jewellery , bullion, precious stones, and allied articles, All India Gem and Jewellery Domestic Council (GJC) said in a statement. Maharashtra assembly elections will be held on November 20 and the results will be out on November 23. “We call upon our members and stakeholders across Maharashtra to take necessary steps to ensure the smooth and secure movement of gold and diamond jewellery within the state during the crucial election period. As part of this effort, we request all members to adhere to the guidelines set forth by the state’s regulatory bodies,” GJC chairman Saiyam Mehra said. Members are encouraged ...

The company had posted a loss of Rs 615.7 crore in 2022-23 New Delhi: Amazon’s B2B arm Amazon Wholesale (India) has reported narrowing of loss to Rs 342.3 crore in 2023-24 on a year-over-year basis, according to a report released by Tofler on Tuesday. The company had posted a loss of Rs 615.7 crore in 2022-23. Revenue from operations of Amazon Wholesale (India) declined marginally to Rs 3,576.7 crore in FY24 from Rs 3,600.5 crore in FY’23. “Amazon Wholesale India Private Limited reported its revenues (total income) for the financial year 2023-24 as Rs 3,614 crore. The company further reported a net loss of Rs 342 crore during the same fiscal. This is a 44 per cent decrease from the last financial year. The company’s total expenses for the fiscal were reported as Rs 3,959 crore,” Tofler said. During the reported financial year, the company allocated shares worth Rs 1,400 crore to parent group entities. Amazon’s fintech arm Amazon Pay (India) has reported a narrowing of loss to...

While McDonald’s serves as a great example of successfully Indianising a global brand, it is also an insightful case study in strategically making transit retail work McDonald’s introduced Indian masses to the American fast food-burgers, enticing them to include the western food in their meals. Over the years, Westlife Foodworld Ltd. (WFL), which operates McDonald’s restaurants in West and South India, through its subsidiary Hardcastle Restaurants Pvt. Ltd. (HRPL) set an example for international brands of successfully Indianising a global brand. At the same time, it emerged as an inspiring case study in strategically leveraging the benefits of transit hubs and making transit retail work for a business . The company has a master franchisee relationship with McDonald’s Corporation USA, through the latter’s subsidiary.   WFL operates restaurants through various formats and brand extensions. These include drive-thrus, McCafé’s, 24×7, McDelivery, McBreakfast and dessert kiosks. The ...

The company had posted a consolidated net profit of Rs 84.19 crore in the corresponding period last fiscal, Arvind Ltd said in a regulatory filing New Delhi: Textile manufacturer Arvind Ltd. reported a 25.44% decline in consolidated net profit at Rs 62.77 crore in the second quarter ended September 30, 2024, impacted by higher expenses and a one-time hit due to a rise in provision for deferred tax. The company had posted a consolidated net profit of Rs 84.19 crore in the corresponding period last fiscal, Arvind Ltd said in a regulatory filing. Consolidated revenue from operations in the second quarter stood at Rs 2,188.31 crore, as against Rs 1,921.73 crore in the year-ago period, it added. Total expenses were higher at Rs 2,065.57 crore in the quarter under review, as compared to Rs 1,821.72 crore in the same period a year ago, the company said. The company said it made a provision of Rs 29.35 crore as a cumulative one-time impact while computing the profit after tax for the per...

Spanning over 5,200 sq. ft., it is the Bodycraft’s first store in the Dehradun Bengaluru: Beauty and wellness chain Bodycraft has launched its 22nd clinic and salon in India, located in Dehradun, the company said in a press release on Monday. Spanning over 5,200 sq. ft., it is the brand’s first store in the city. “Dehradun seems to be on the cusp of turning cosmopolitan,” said Manjul Gupta, director of Bodycraft Salons. “We want to tap into the market here, and fill the gap of a premium, luxurious clinic-salon in town, which is easily accessible to youngsters and the aged alike.”   The outlet will offer customisable and new-age services including spa treatments, facials, nail art, and hair care solutions. We have onboarded globally-trained and certified wellness experts and hair stylists, so patrons can expect a host of exciting services at the new outlet,” said  Swati Gupta, head of creative development at Bodycraft Salons. Founded by Manjul Gupta in 1997, Bengalur...

The issue would conclude on 8 November and the bidding for anchor investors will open for a day on 5 November New Delhi: Food and grocery delivery major Swiggy is looking to raise Rs 11,300 crore through its initial public offering (IPO) opening for public subscription on 6 November, sources said on Monday. The shares would be available at a price band of Rs 371 to Rs 390 apiece. The issue would conclude on 8 November and the bidding for anchor investors will open for a day on 5 November, they added. Swiggy is one of the most valued new-age consumer brands to tap the Indian capital market. The company’s Rs 11,300-crore IPO is a combination of fresh issue of shares worth Rs 4,500 crore and an offer for sale (OFS) of Rs 6,800 crore, they added. Those selling shares in the OFS route are — Accel India IV (Mauritius) Ltd, Apoletto Asia Ltd, Alpha Wave Ventures, LP, Coatue PE Asia XI LLC, DST EuroAsia V B.V, Elevation Capital V Ltd, Inspired Elite Investments Ltd, MIH India Food Holdin...

As part of its long-term strategy, Curefoods aims to incubate new brands annually while also expanding existing ones. New Delhi: Bengaluru-based food and beverage service Curefoods, a prominent player in the Indian food-tech sector, plans to expand to 1,000 locations over the next five years, a company top executive told IndiaRetailing in an interview. In addition, the company also plans to foray into the international market with the first store opening in the Gulf Corporation Council (GCC) this month. “Over the last four years, we have expanded to 450+ locations, including cloud kitchens, restaurants, and takeaway kiosks,” said Ankit Nagori, founder, Curefoods. “Post-pandemic, the market has shifted back to hybrid consumption, with people dining in and ordering online. Food will always be multi-channel, and we are focusing on building both dine-in and delivery options.” Curefoods follows a hybrid multi-channel model, encompassing cloud kitchens, dine-in restaurants, and takeaway...

BookMyCargo founder JD Yadav said the logistics industry faces rising costs, skilled labour shortages, regulatory pressures, and supply chain disruptions. New Delhi: According to experts, the lack of proper road infrastructure, land availability for warehousing and skilled workforce shortages are some of the key challenges the logistics industry faces. Warehousing needs land availability in and around metropolitan cities as a pick-up in economic activities is creating demand for logistics, Assocham Secretary General Deepak Sood said. Besides, the warehousing sector in India is highly fragmented, with many small and unorganised players, leading to inefficiencies, lack of standardisation, and limited scalability, he added. The lack of proper road infrastructure and congestion causing delays impact the supply chain efficiency, Srikumar Krishnamurthy, Senior Vice President & Co-Group Head – Corporate Ratings, Icra Ltd, said. Some of the near-term headwinds are the inability ...

The expectation is followed by double-digit booster from online sale events of  e-tailers Flipkart and Amazon and an expected final thrust from offline channels during Dhanteras week New Delhi: The appliance and consumer electronics industry expects around 30 per cent growth in the festive season sales this year after a double-digit booster from online sale events of leading etailers Flipkart and Amazon and an expected final thrust from offline channels during Dhanteras week. This festive season, premiumisation is the flavour, where consumers are willing to pay extra for features such as energy efficiency, higher capacity and larger size and even showing interest in the high-end AI & IOT Technology-driven products, industry leaders said. Companies such as LG Electronics, Panasonic, Sony, Godrej Appliances and Haier started festive sales with a good kick start from the Onam festival and expect to continue the momentum till the remaining week of the nearly 45-day festive per...

Along with its sister brands Chalu Aapna Desi Chinese is redefining the transit retail space by tapping into the growing demand for quick yet quality food options in bustling, transit-heavy locations. New Delhi: Leveraging a strategic transit retail model, Bhopal-based food and beverage company Chalu Aapna Desi Chinese has established a strong presence in high-traffic locations like metro stations, meeting the needs of busy commuters and travellers. Founded in 2020, Chalu Chinese is now present in 11 states and 27 cities, boasting over 250 outlets, making it the only Indo-Chinese brand to achieve such rapid expansion without external funding. With sister brands like Wh-eat Burger and The Indian Momo Co., Chalu Aapna Desi Chinese is redefining the transit retail space by tapping into the growing demand for quick, quality food options in bustling, transit-heavy locations. The company clocked a revenue of `53 crore in the financial year (FY) 2023-2024 and plans to close this FY with a...

The brand plans to launch 10-12 new stock keeping units (SKUs) in the coming months, as well as introduce several innovative, first-of-their-kind products Gurubram-based skincare brand 52 Sundaze was founded in 2024 by Tanisha Jain and Pranav Jain. Bootstrapped since inception, the retailer’s highest-selling products include the SPF 50 rosewater mist and the Clear Glow SPF mist, both of which are notable for being the world’s first SPF 50 rosewater mists that work over makeup. As the brand looks ahead to fiscal year (FY) 2024-25, it plans to launch 10-12 new stock keeping units (SKUs) in the coming months, as well as introduce several innovative, first-of-their-kind products. “Our philosophy is to redefine sun protection by creating products that people genuinely love to use,” said co-founders. “The mission is to make sun protection a fun, effortless, and essential part of a healthy lifestyle, all year round, not just during summers. We focus on multifunctional products that bl...

With over 14 years of experience in e-commerce and retail management, Shruti Shukla has established herself as a leader in driving growth, profitability, and operational excellence. Beginning her journey as a Senior Executive at Treadstone, she cultivated her skills in product development, vendor management, and client relations. Transitioning to Yebhi.com as a buyer, Shruti played a pivotal role in developing ranges for private labels and maximizing net sales through proȱ table articles. Her career trajectory soared when she joined Snapdeal.com as a category manager for footwear, where she led the successful launch of the footwear category, managed P&L, and implemented strategies to enhance category discoverability and conversion rates. As the head of e-commerce at Monte Carlo, Shruti oversees the entire e-commerce business, managing P&L, driving sales growth, and providing strategic direction. With expertise in business planning, budgeting, vendor management, IT technologie...

The brand is gearing up for significant growth in FY25, targeting revenue of Rs 13 crore Direct-to-consumer (D2C) skincare brand Asaya was founded in 2023 by Neeraj Biyani, Eeti Sharma, and Mandeep Singh Bhatia. Over just eight months of operation in fiscal year (FY) 2023-24, Asaya achieved a sales total of Rs 96 lakh. Currently, the brand is gearing up for significant growth in FY 2024-25, targeting revenue of Rs 13 crore and laying plans for an offline expansion once it reaches a Rs 50 crore annual recurring revenue (ARR) milestone. Focusing on suncare and hyperpigmentation solutions, Asaya plans to serve this market thoroughly through unique product formulations, sensory-enhancing textures, and convenient formats. “Our team of cosmetic chemists and dermatologists, who specialise in melanin-rich skin care, guide R&D and product development to create researched, dermatologically and clinically tested, high-performance skincare that’s rooted in giving the melanin-rich skin the e...

  It is not just about offering high-quality products anymore; brands are now aiming to build deeper, more meaningful connections with their customers Luxury retail has seen a major shift in recent years. As technology advances and consumer preferences change, premium brands are focusing more on creating personalized, immersive experiences. It is not just about offering high-quality products anymore; brands are now aiming to build deeper, more meaningful connections with their customers. This shift is being driven by personalization, sustainability, and the blending of physical and digital experiences. A Shift from Product to Experience Traditionally, luxury retail focused on the product, highlighting elegant design, craftsmanship, and exclusivity. Today’s consumers, however, want more than just a beautifully crafted item. They are looking for an experience that connects with them on an emotional level. In response, brands are creating immersive environments where customers can...

Aakash Mishra is an experienced marketing communications professional with over two decades of rich experience spanning various industries, including media, entertainment, retail, lifestyle, and consumer durables. During his tenure at The Times of India Group, Aakash was awarded the prestigious Chairman’s Award. His dedication and expertise also earned him the esteemed title of Asia’s Marketing Meister for the years 23-24 at Donear Group, showcasing his exemplary leadership and strategic acumen. Currently serving as the AVP Group Brand Marketing at Donear Group, Aakash leads comprehensive marketing strategies encompassing below-the-line (BTL), through-the-line (TTL), and experiential initiatives for the entire group and its portfolio of brands. The post Digital Icon : Aakash Mishra appeared first on India Retailing . from India Retailing https://ift.tt/MhRZduI via IFTTT

The hiring is to meet the anticipated demand of 45% to 60% increase in delivery volume during the festive season Bengaluru: Global delivery service Borzo is set to hire 5,000 gig delivery workers to meet the anticipated demand of 45% to 60% increase in delivery volume during the festive season, the company said in a press release on Thursday. The anticipated demand is expected to be driven by categories such as apparel, gifting, food and FMCG, and cosmetics.  Borzo will focus its supply chain recruitment efforts on metro cities, which are the primary hubs of growth and demand during the festive season. While the company is still in the early stages of its three-wheeler operations, two-wheelers will remain the primary mode of transport for the majority of deliveries, the release added. “With competition heating up across industries to secure delivery partners and maintain quick response times, Borzo is focused on expanding its fleet to support B2B verticals,” said Alina Kisina,...

Spanning an area 6.8 lakh sq. ft. of retail space, the mall is situated at Electronic City Phase II, South Bengaluru Bengaluru: M5 E-City Mall, a shopping center developed by Mahendra Homes is set to launch in Bengaluru on 25 October. Spanning an area of 6.8 lakh sq. ft. of retail space, the mall is located at Electronic City Phase II, South Bengaluru. It is the first integrated mall in Electronic City, located on the corridor of Silk board to Hosur with 5 levels of branded retail. The mall will house Lulu Hypermarket along with a variety of fashion and lifestyle brands such as Lifestyle, Max, Home Centre, Aldo, Mia by Tanishq, Giva, Nykaa, Gap, Snitch, Rare Rabbit, Mokobara, Raymond, R&B Fashions, Beverly Hills Polo Club, Bath & Body Works, Toni & Guy, Metro, Bata, Crocs, Jockey, Monte Carlo, Titan Eye Plus, Beauty & Beyond and HiDesign. In addition, a family entertainment center Funcity and an eight-screen PVR Inox Cinemas will also be part of the mall’s offerin...

Lee also plans to expand its retail footprint by doubling exclusive brand outlets (EBOs) over the next 12 months. New Delhi: Denim brand Lee operated in India by Begaluru-based omni channel retailer Ace Turtle has teamed up with Hard Rock Cafe for a rock tribute tour featuring artist Tirthankar Poddar, popularly known as 2Blue, a company executive told IndiaRetailing. The tour pays homage to legendary rock bands AC/DC and Guns N’ Roses, with live performances across nine Indian cities. Starting from October 19th in Bengaluru, the tour will cover Hyderabad, Kolkata, Chennai, Delhi, Chandigarh, Bengaluru, and Pune, concluding in January 2025. “We aim to amplify Lee’s presence in India while resonating with a new generation of fans who value authenticity and style,” said Jitender Singh, business head, Lee at Ace Turtle. The performances are designed to enhance customer engagement, with interactive elements like photo booths, exclusive merchandise, and pre-event giveaways offering fre...

The ice cream business, which contributes 3 per cent to HUL’s turnover, has a different operating model, including cold chain infrastructure, and a distinct channel landscape, which limits synergies with other businesses of the company New Delhi: Hindustan Unilever Ltd (HUL) on Wednesday said it is separating its ice cream business, which owns brands as Kwality Wall’s, Cornetto and Magnum, and has done an independent valuation to have a fair idea. The board of HUL on Wednesday decided to demerge the ice cream business, based on the recommendation of an independent committee, which was formed by the FMCG major in September this year. The committee has said the ice cream business, which contributes 3 per cent to HUL’s turnover, has a different operating model, including cold chain infrastructure, and a distinct channel landscape, which limits synergies with other businesses of the company. During an earnings call, CFO Ritesh Tiwari confirmed that HUL has gone for an independent val...

Chirag Gupta, Founder and CEO of 4700BC, discusses the brand’s expansion and success in the transit retail sector New Delhi: 4700BC, founded in 2012, began its journey with kiosks in shopping malls before expanding into institutional sales and larger stores. Over the years, the brand has grown into a household name, offering over 50 unique assortments of popcorn, making it the only Indian brand of its kind. With an impressive consumer base of over 30 million, 4700BC has diversik ed into four categories—popcorn, pop chips, makhanas, and crunchy corn. The brand rapidly expanded into general trade, e-commerce, airlines, and railways with a range of innovative products, including pouches, microwave popcorn, protein pops, and gifting options. As it scaled, 4700BC ventured into international markets, starting with Dubai and expanding to countries like Nepal, Bangladesh, and the USA, marking its presence in over nine countries globally. Chirag Gupta, Founder and CEO of 4700BC, discusses ...

This decline is due to a combination of factors, including food inflation, the outgoing Nestle CMD said at a media roundtable here. New Delhi: The FMCG sector is facing sluggish demand with the growth in F&B declining to 1.5-2% as against double digit some quarters ago, said Nestle India Chaidigits& Managing Director Suresh Narayanan on Tuesday. This decline is due to a combination of factors, including food inflation, the outgoing Nestle CMD said at a media roundtable. “The market is facing a muted demand. It is extremely clear that the growth in the F&B sector, which used to be double-digit a couple of quarters ago, is now down to 1.5 to 2%,” Narayanan said. Referring to a sharp uptick in fruits and vegetables, and oil prices, Narayanan said this is a cause for concern “because this clearly will lead to an increase of prices if they become unmanageable for organisations.” He said Nestle is also facing a difficult situation because of higher prices for cocoa and coff...

The company had posted a net profit of Rs 2.73 crore in the July-September period a year ago New Delhi: Retail chain Shoppers Stop on Tuesday reported a consolidated net loss of Rs 20.59 crore in the second quarter ended 30 September 2024 on account of muted demand. The company had posted a net profit of Rs 2.73 crore in the July-September period a year ago, according to a regulatory filing from Shoppers Stop. However, its total income was up 7.13 per cent to Rs 1,124.62 crore during the quarter under review. It was Rs 1,049.70 crore a year ago. The company’s total expenses in the September quarter stood at Rs 1,151.31 crore. During the July-September quarter, it added 25 stores, 19 Intune, 1 Department and 5 HomeStop Stores. “Demand was muted in July and August, impacted by fewer wedding dates, extended rains, and overall weak discretionary spending,” Shoppers Stop Executive Director and CEO Kavindra Mishra said. Shoppers Stop operates 112 department stores. Besides, the Rah...

Nirav Jagad, Chief People Officer of Sugar Cosmetics speaks about ensuring the right opportunities for the right talent in a complex omnichannel organisation that is on a fast track to growth From a handful of staff to an army of 4,000 people, Sugar Cosmetics has come a long way. And helping the company achieve its ambitious goals through its people is Nirav Jagad the company’s Chief People Officer. Nirav is a perennial learner who has been a keen observer of human dynamics for the past 22 years in various professional portfolios he has held. He refers to himself as a compulsive learner with a child-like inquisitiveness. He started his career as an entrepreneur straight out of campus after completing his Master’s Degree in Business from Mumbai-based Prin. L. N. Welingkar Institute of Management Development & Research (WeSchool) to launch a startup, when it wasn’t the buzzword. In the next decade, he built his professional career with organizations like Randstad India, Cerebrus ...