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Budget 2023: New tax regime a boon to retailers?

The FM’s announcement of an increase in tax rebate under the new tax regime in the Budget 2023 will result in more money in the hands of the middle class. But will it help revive consumption? By Nehal Gautam and...

Union Budget: FM unveils income tax relief, small saving sops a year before elections

The personal income tax rebate limit has been increased to Rs 7 lakh from the fiscal year starting April 1 under the new tax regime New Delhi: Finance Minister Nirmala Sitharaman on Wednesday raised the personal income tax rebate limit, doled...

Lacoste to Make Online Channels More Robust Going Forward

Lacoste to continue strengthening the omni-channel network. The brand aims to keep upgrading the boutiques to provide more premium experience to customers visiting the stores Looking back, if you had to pen down your top 3 learnings from 2022, what...

Shah Rukh Khan drives footfall to malls with his movie Pathaan

The release of the SRK-starret Pathaan is expected to increase mall footfall by 25-30%, the biggest beneficiary of which will be foodcourts New Delhi: The release of Shah Rukh Khan-starrer Pathaan movie is attracting droves of people to multiplexes all...

Are retailers worried about a resurgence of the pandemic?

While the world fears an encore, we asked key representatives of Indian retail if they were worried about the reappearance of COVID-19. Their replies were not just surprising but heartening as well… By Shiv Joshi and Nehal Gautam  Mumbai: Just as people...

Flipkart Wholesale announces Republic Day Special for small retailers and kiranas

Flipkart Wholesale will offer special deals and discounts across in-store and online channels for small merchants from 19 – 26 January 2023 Bengaluru: Flipkart Wholesale, the digital B2B marketplace of homegrown e-commerce brand Flipkart Group has announced a Republic Day Special activity...

Retailers seek tax cuts to fight cheap smuggled items

To counter the high demand for smuggled and counterfeit products, FRAI sought tax cuts on daily use consumer goods Guwahati: The Federation of Retailer Association of India (FRAI) Tuesday sought tax cuts on daily use consumer goods to counter the high...

Over 18,500 toys seized from Hamleys, Archies and other retail stores for lack of BIS quality mark

CCPA has also issued notices to e-commerce players like Amazon, Flipkart, and Snapdeal for alleged violation of toys quality control order New Delhi: The government on Thursday said 18,600 toys have been seized in the last one month from major retail...

Jewellery retailers to outpace industry growth: ICRA

Organised jewellery retailers’ revenue likely to grow by 20% year-on-year in the financial year 2023 and by 10% year-on-year in the financial year 2024 New Delhi: Organised jewellery retailers in India may continue to outpace the industry over the medium term on...

Cost reductions will be key for retailers to attract frugal consumers: Survey

While revealing consumer insights Capgemini Research Institute’s annual consumer trends survey highlights areas that retailers need to work on to stay relevant to the consumer Mumbai: Businesses will need to find ways to cut costs and offer lower prices to consumers,...
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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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