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Eclipsed retail sector growth in 2019, leasing down 35 percent

India’s sluggish economy is impacting different real estate verticals, including retail leasing. ANAROCK data reveals that in the top 7 cities, retail leasing activity dropped by 35 percent in 2019 as against the previous year – from 5.5 mn...

Retail in 2019: Sluggish consumption cramps growth

Consumer spends took a major hit in 2019, both in terms of purchase volumes and ticket sizes. Inevitably, overall retail leasing activity reduced drastically by as much as 35 percent in the top 7 cities alone. Seasonal discount shopping...

‘Apple to expand base, produce more iPhones in India’

Global technology major Apple, which has started producing iPhones for domestic and exports markets, would expand its operations in India by producing various iPhone models, including iPhone XR, said IT and Telecom Minister Ravi Shankar Prasad, here on Monday. Also,...

Alibaba Singles’ Day sales jump 24.3 pc to US$ 38.3 bn, sets new record

Setting a new record, Chinese e-commerce giant Alibaba has posted 24.3 percent jump in total sales to US$ 38.3 billion during the 11th edition of mega Singles' Day shopping event. The high-double digit growth in the Global Shopping Festival, branded...

‘Apple can change India’s manufacturing scenario’

The Government sees iconic companies like Apple and large consumer goods makers like Samsung as big players in electronics who can change the face of manufacturing in India, Minister of State for IT and Telecom Sanjay Shamrao Dhotre has...

Concept Stores: Bringing innovative ideas, experiences to Indian malls

The Indian retail real estate market is hugely influence by the West and hence, it won’t be wrong to say that the shopping mall culture in India is a gift from the West. The design of the mall, events...

Apple mulls 2-3 physical, an online retail store in India

Apple plans to set up up to three brick-and-mortar outlets in India besides an online store as the iPhone maker looks to further cement its position in one of the world's largest smartphone markets. According to sources privy to PTI,...

India online store first, retail outlet next: Apple

Eager to see customers at its first India retail store, Apple on Thursday declared India its next growth hub -- first by launching an exclusive online store and then its branded retail outlet later -- as the Narendra Modi...

Eager to see customers at our 1st India retail store: Apple

Welcoming the Narendra Modi cabinet's decision to ease the 30 percent local sourcing norm in single-brand retail (SBRT), Apple on Thursday said it looks forward to welcoming customers at its first branded retail store in India soon. In a statement...

Appetite for online retail sites among kids grows threefold

More children are taking to e-commerce sites for looking at products (and sometimes buying) as new research by cybersecurity firm Kaspersky has found that the interest of children in online shopping has more than tripled in the last 12...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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