Retail Companies

Godfrey Phillips India had on April 12 announced its plan to sell the loss-making 24Seven convenience store chain after a review of its retail business division

Sean Stress: Retail majors stitch through low single-digit growth or same-store sales decline

The third quarter of the financial year typically witnesses higher sales since it coincides with the festival season

In data shared with Business Standard, the company said the Y-o-Y growth in the October and November period has been at 12.5 per cent, pointing at robust growth in the third quarter as well

In the apparel sector, few wedding dates and lingering weak consumption patterns are expected to hinder growth for companies

Reliance Retail (RR), the country's largest retailer, added the most number of employees at about 60,000 in FY23

Three group companies enter corporate insolvency process, marking decline of former retail tycoon

They may not be converted into hypermarkets and supermarkets as many are on city outskirts

Anonymity factor is critical for its acceptance, asserts Dinesh Khara

The government has pointed out that the changes are being made as part of the ease of doing business

The retailer's revenues in Q2 were lower than estimates

Some are managing supply-chain backend for retail pharmacies, right from stockist to chemist, others are offering telemedicine kiosks at chemist outlets, and digitising pharmacies

Reliance Retail will be the official retailer for Gap in India, mixing exclusive stores and digital commerce platforms.

Analysts believe that the Indian retail sector is on the 'cusp of accelerated earnings growth' as consumer sentiment, and discretionary purchases bounce back from Covid-19 pandemic

Normally seen by investors as a strategic advantage, the conglomerate's diversified interests proved a weakness at a time when Australia spent months under lockdown due to the Delta variant

Aggressive expansion, online sales, and margin gains are positive for ABFRL and Trent

Leading shoemaker Bata India Ltd is working on portfolio changes towards casuals and sneakers as part of its business growth plans and channel expansion through franchise, its CEO Gunjan Shah said.

By Hilary Russ

More than 17,200 new companies were set up in the country during April to June this year while a total of 13.7 lakh companies were active at the end of June, according to official data.

Walmart-owned Flipkart on Monday launched a contactless, QR-code-based payment facility for all its pay-on-delivery shipments. Consumers who opt for cash on delivery can use this facility, scan the QR code attached to their purchase and make a digital payment for their order through any UPI app at the time of delivery, a statement said. This will help those consumers, who opted for cash on delivery, who can use this facility to scan the QR code attached to their purchase and make a digital payment for their order through any UPI app at the time of delivery. The payment method not only ensures greater safety for consumers at a time when they are looking to minimise personal contact but also addresses the trust deficit that many consumers might face, the statement said. The payment constructs and in-house fintech innovations of Flipkart are empowering new-to-internet customers and helping bring the next 200 million users to the platform, it added. "As the lines between e-commerce ..