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Retail
Battle of mergers and consolidations intensify in India’s retail market
The Indian retail market is expected grow and reach US$ 1.4 trillion by 2023 at a compound annual growth rate (CAGR) of 10.7 percent between 2020-2023. Following the acquisition of Flipkart by Walmart in 2018, the fast-growing and lucrative...
Retail
Kishore Biyani, a pioneer of Indian retail, man who took convenience shopping to the masses
Kishore Biyani, popularly known as KB among colleagues and considered as the pioneer of modern retail in India taking convenience shopping to the masses, is finally bowing to the winds of change blowing across the sector, giving the control...
Retail
Future Retail explores, evaluates various opportunities for stake sale
Future Retail, responding to reports of talks to sell a stake in the firm to Reliance Industries Ltd (RIL), on Thursday said it continues to explore and evaluate various opportunities.
According to a PTI report: Responding to the BSE over...
Food
Momentum in online, app-based sales to stay for retailers
Many large brick-and-mortar retail chains that switched to online during the lockdown have reported spike in sales from digital channels, and expect the momentum to continue as consumers prefer to order digitally despite restrictions are being eased.
According to a...
Research
Digital influence on Indian urban consumers rises up to 70 pc: Report
Digital influence on urban consumers has increased by 70 percent for mobiles, around 60 percent for apparel, and up to 25 percent for the non-food consumer packaged goods categories due to COVID-19-induced changes, new reports from Facebook India and...
Retail
Future Group in advance talks with RIL to sell stake in Future Retail, other units: Report
The Future Group is in advance talks with Mukesh Ambani's Reliance Industries to sell stakes in Future Retail and some other units, according to industry sources.
According to a PTI report: The Kishore Biyani-led group, which already has a partnership...
Retail
Future Retail to raise up to Rs 650 crore to reduce debt
Debt-ridden Future Retail on Wednesday said its board has approved raising up to Rs 650 crore by issuing non-convertible debentures (NCDs) to pare debt. The NCDs will be issued on private placement basis in one or more tranches, Future...
Food
Amazon, Future Group in talks over Future Retail stake sale
Kishore Biyani-led Future Group has started talks with Amazon for selling stake in Future Retail Ltd to the US-based e-commerce major, industry sources said. The two parties initiated talks earlier this week for a stake in Future Retail, they...
Retail
Lockdown 3.0: More shops expected to re-open but confusion reigns, say retailers
Retailers and traders expect to re-open more shops from Monday under the new relaxed guidelines by the government for the extended lockdown period till May 17, although they are still seeking clarity from local authorities.
According to a PTI report:...
Food
Retailers say enough stock if there is no panic buying; put restrictions on purchase quantity
Retailers on Wednesday said there is enough stock of essential items and groceries if people do not resort to panic buying, while some organised players put caps on items that a consumer can purchase during the lockdown.
According to a...
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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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