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Paytm reaches out to state govts on contactless food ordering at restaurants

Digital payments major Paytm on Saturday said it has approached 10 state governments to promote contactless food ordering and payments, and to make these a part of the standard operating procedures for re-opening dine-in restaurants and takeaway joints. According to...

IKEA to reopen store in Hyderabad from June 8

IKEA India, part of the Ingka Group, will be reopening its store here from June 8 with strict and strong measures in place to ensure safety of visitors, the Swedish furniture maker said. "As we reopen our store, health and...

Post-COVID Tech Trends: 5 technologies transforming the fashion retail sector

Global marketing research firms have ubiquitously called the ongoing COVID-19 pandemic an unexpected catalyst for tech adoption’ in the retail industry. While the retail industry’s increasing reliance on technology over the past few years goes unsaid, the challenges posed...

HUL to focus on e-commerce, modern trade channels

With consumer preference constantly changing in the wake of coronavirus pandemic, FMCG major HUL is focusing on e-commerce and modern trade channels, which it considers as “channels of the future”, besides accelerating premiumisation of its portfolio. According to a PTI...

8 big box brands that are seeking bankruptcy protection amid COVID crisis

Economies all over the world are suffering due to the Novel Coronavirus pandemic, and the global retail industry – which has been in a state of flux for the last few years – has been especially hard hit. The...

Simon Property sues Gap over unpaid rent

Simon Property Group is suing Gap as the fashion retailer failed to pay more than US$ 65.9 million in rent and other charges due during the coronavirus pandemic. In late April, Gap stopped paying rent on its temporarily shuttered stores,...

Sharp spike expected in e-commerce sales due to COVID-19: Survey

With COVID-19 forcing people to stay indoors and exercise social distancing, considerable changes have been seen in shopping trends of the Indian consumers. As the pandemic’s threat is looming large, more and more people are taking to the Internet...

Victoria's Secret's UK business falls into adminstration

The UK arm of Victoria's Secret went into administration on Friday, putting more than 800 jobs at risk. Stuart Burgdoerfer, CEO, Victoria's Secret's said in a statement that the company had appointed Deloitte to work with Victoria’s Secret UK in...

Shopping centres, restaurants to open in Delhi from Monday

Delhi Chief Minister Arvind Kejriwal has announced that malls, and restaurants in the national capital would open from Monday after more than two months since the coronavirus-induced lockdown was imposed, but banquet halls and hotels would remain closed. According to...

Shopping centres ready for re-opening on Monday; focus on contactless shopping, physical distancing

As malls and shopping centres in the national capital re-open on Monday after more than two months, they will be focusing on hourly disinfection of the common areas, contact-less shopping and physical distancing to prevent the spread of the...
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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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