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retail sector growth in india

Tepid business is forcing fashion brands to cancel orders, delay deliveries from suppliers

Several fashion and lifestyle brands report a 10% to 20% decrease in business in the last three months compared to the same months last year as consumers cut down discretionary spends Mumbai: Fashion brands across the board are reporting tepid...

7 areas every eCommerce business should focus on

eCommerce is an extremely competitive space. Paying attention to these key areas will help businesses drive growth and offer a superior customer experience In 2022, the online seller base in India has grown by 35% year-on-year, according to a recent...

5% global minimum tax to come into effect next year: OECD

The OECD said that till date, around 50 jurisdictions have taken steps to implement the global minimum tax.  New Delhi: Global minimum tax of 15 per cent will come into effect from next year and by 2025 almost 90 per...

We aim to have 100 stores by the end of FY2024: Ashmeer Sayyed, DaMensch

Ashmeer Sayyed, the chief retail officer of menswear brand DaMensch, on the online-first brand's offline presence, store USP and expansion strategy  Mumbai: In June 2023, online to offline men’s clothing brand DaMensch released a teaser on its official LinkedIn...

Gifting brand Archies partners with beauty and wellness brand MCaffeine

The partnership aims to provide optimal product awareness and promotion among users Mumbai: Archies, a gifting brand and skin care and wellness brand, MCaffeine has joined hands to enhance the gifting experience of their joint customer base, the company announced...

India franchise industry to touch $140-150 billion in next 5 years, says report

The Indian franchise industry is valued at around Rs 800 billion and is expected to continue growing in the coming years at a rate of 30 to 35% per annum New Delhi: The India franchise business is expected to touch...

Fashion brand icons: Vineet Gautam of Bestseller India

IndiaRetailing brings you a series in which we highlight the brand icons in India’s thriving fashion and lifestyle industry. Today, the spotlight is on Vineet Gautam Mumbai: No business can survive for long without a vision; even if it does,...

Reliance Trends opens one more outlet in Gujarat

The latest Reliance Trends outlet is at Surat Mumbai: Lifestyle brand Reliance Trends has launched one more outlet in the state of Gujarat. The latest outlet is at Surat and boasts the store format's new brand identity and tech features,...

Credit card spending hits record high at Rs 1.4 lakh crore in May; cards in use at 87.4 million

Similarly, the number of cards in use has also jumped by more than 5 million since January and crossed 87.4 million in the reporting month, making this also an all-time high in May, according to the RBI data Mumbai: Credit...

Tech icon of the week: Shibin Chulliparambil of Mafatlal Industries Ltd.

IndiaRetailing brings you a series on India’s key retail tech icons. Featuring Shibin Chulliparambil of Mafatlal Industries Ltd. Mumbai: Today’s CIO must know how to leverage technology to create value for the business. No longer are CIOs department heads of...
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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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