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Indian retail may eventually need 'ventilator support': RAI CEO

As no economic package has been announced so far and restrictions for shops and retail stores still exist in most states across the country, Retailers Association of India's (RAI) CEO Kumar Rajagopalan feels that the condition of the retail...

Banks have done nothing to help retailers, says Retailers Association

Banks have done "sweet nothing" to provide financing to retailers to tide over the lockdown crisis, and the government intervention is needed to avoid mass unemployment in the sector, according to RAI. According to a PTI report: The retail industry...

Gradual opening up non-essential goods via e-commerce will help meet consumer demands: Flipkart

Walmart-owned Flipkart on Saturday said gradual opening up delivery of non-essential goods through e-commerce will help meet consumer demands, while easing the burden of piled up inventory of micro, small and medium enterprises amid the nationwide lockdown. According to a...

New coronavirus SOP to inflate retailers' cost up to 35 percent: Rakesh Biyani

The operating cost of retailers would increase by up to 35 percent after following the new standard operating protocol (SOP), which includes implementing social distancing and a token system at stores, introduced in the wake of coronavirus pandemic, Rakesh...

‘Provide wage subsidy, loan moratorium to retailers for 6-9 months’

As the country's retail sector is near standstill amid the coronavirus crisis and the nationwide lockdown, the Retailers Association of India (RAI) has urged the government to provide wage subsidy of up to 50 percent on salaries up to...

1 crore job cuts likely in textile industry without Govt support: CMAI

There could be as many as one crore job cuts in the textiles sector, which has been severely hit by the ongoing lockdown, if there is no support and revival package from the government, according to apparel industry body Clothing Manufacturers Association...

Coronavirus Impact: ‘Fashion, grocery may take one year to recover’

At a webinar hosted by Retailers Association of India (RAI) and Trust for Retailers and Retail Associates of India (TRRAIN) on Monday – in which top industry associations Retailers Association of India (RAI), National Restaurant Association of India (NRAI) and The...

Budget 2020: Wishlist of Indian retail titans

Budget 2020-21 is just around the corner and retailers have pinned high hopes that the new policies will have a positive impact on the retail market. The retail industry expects the Budget 2020 to revive consumption and spur demand. Apart...

Walmart e-entry makes India attractive to global majors: Experts

The whopping US $16-billion mega deal by global retail giant Walmart with the country's leading e-tailer Flipkart for majority stake makes India an attractive destination for global majors in the digital space, industry experts said on Wednesday. Kishore Biyani, CEO,...

Omnichannel to fuel growth of modern retail to Rs 1,718 billion by 2019

Knight Frank India, in association with the Retailers Association of India (RAI), on Tuesday launched the third edition of its flagship report on the retail sector – 'Think India. Think Connected Retail'. The report tracks the evolution of India’s modern retail...
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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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