Page 3 - Retail Industry

Personal retail loan disbursements rise 42% at end-March 2022: Study

Personal retail loan disbursements recorded an impressive growth of 42 per cent from March 2021 to March 2022, reflecting an improvement in overall economic and business sentiment, said a joint study by Equifax and Andromeda. The number of active personal loans increased from 3.5 crore as of March 2020 to 4 crore by March 2021, and to 6 crore by March 2022, it added. The book size of personal loans rose from Rs 5 lakh crore as of March 2020 to Rs 6 lakh crore as of March 2021 and further to Rs 8 lakh crore as of March 2022. "This is a strong indicator of the revival in consumption in the country," said K M Nanaiah, Managing Director, Equifax Credit Information Services Pvt Ltd and Country Leader, India & MEA, Equifax. The total portfolio outstanding of retail industry increased from Rs 71 lakh crore (March 2020) to Rs 80 lakh crore (March 2021), and further to Rs 89 lakh crore as of March 2022. Private banks experienced the highest growth of portfolio outstanding with a 32 per ..

75th Independence Day: Retailers look to end season sales on a high

Some offering discounts up to 75%, keeping up with the 75th Independence Day theme

Retail tech firm Arzooo raises $70 mn in Series B led by Japan's SBI group

Existing investors Celesta Capital and 3 Lines VC also participated in this round, along with Trifecta Leaders Fund and Tony Xu, the Founder of Doordash

Retail industry to grow 10% a year, reach $2 trn by 2032: BCG-RAI report

E-commerce in the country is expected to reach $130 billion by 2026, as compared to $45 billion in 2021, according to the report

Future Retail defaults on repayment of Rs 5,322-cr debt

Future Retail Ltd said it has missed the due date for repayment of Rs 5,322.32 crore to lenders on account of the ongoing litigations with Amazon and other related issues

Recovery tracker: Higher mobility, power generation as Covid cases decline

Traffic congestion is rising again in major cities

Snapdeal appoints retail veteran Priyaranjan Kumar as VP and Business Head

Prior to joining Snapdeal, Kumar was COO of Iconic Fashion, where he led the creation of a complete omni channel sales structure and inventory management for efficient and accurate delivery of orders

Retail inflation rises to 4.48% in Oct, reverses 4-month downward trend

4-month downward trend reversed; core inflation rises to 5.8%, substantiates FinMin fears

These goldsmith-techies use dynamic pricing to help businesses max revenues

Anshu Jalora and Vijeta Soni's firm Sciative uses AI, automation and big data to set movie ticket prices, and bus and airline fares, based on the demand curve for these services and products

RIL's big retail push: A dozen buys worth $4.2 billion in 2 years

In India, the digital e-commerce space is dominated by just Amazon and Flipkart who control over 60 per cent of market share.

Tata vs Reliance: A two-front battle -- renewable energy and retail

Their renewable energy and retail plans offer contrasting strategies; if they pan out, the consumer is the guaranteed winner

Mukesh Ambani's Reliance Retail second-fastest growing retailer in world

Billionaire Mukesh Ambani's Reliance Retail Ltd has been ranked second fastest growing retailer in the world in the 2021 ranking of global retail power houses by Deloitte, down from top rank secured the previous years. It has been ranked 53rd in the list of Global Powers of Retailing, improvement from 56th earlier, according to the Deloitte report. The list is topped by US giant Walmart Inc, which retains its position as world's top retailer. Amazon.com Inc improved its position to rank second. Costco Wholesale Corporation of US slipped a rank to be placed third followed by Schwarz Group of Germany. The top 10 has seven US retailers and one from the UK (Tesco PLC at 10th position). Other US retailers in the top 10 include The Kroger Co (ranked 5th), Walgreens Boots Alliance, Inc (6th) and CVS Health Corporation (ranked 9th). Germany's Aldi Einkauf GmbH & Co. oHG and Aldi International Services GmbH & Co. oHG is placed at 8th position. Reliance Retail is the only Indian entry ..

We can't go back to last year: Retail associations urge Maharashtra govt

Cinema, retail, and shopping industries won't be able to bear another lockdown, industry associations said on Thursday

Dukaan simplifies inventory management with Magic Upload

With the new feature, inventory uploading time to reduce by 1/10th of original time for retailers, claims startup

Apollo Hospitals to step up pharmacy, retail biz, eyes Rs 10,000 cr revenue

Core hospital segment too is looking up on the back of rise in occupancies, footfalls

Aditya Birla Fashion and Retail posts Q3 net profit of Rs 58.55 crore

The firm on Monday reported a consolidated net profit of Rs 58.55 crore for the quarter ended December

Tech entrepreneur Atul Jalan to take his AI company Algonomy public in 2023

His firm Manthan Software and San Francisco-headquartered RichRelevance have completed their merger to form a new, rebranded AI firm Algonomy

Udaan raises $280 mn from existing, new investors, valuation crosses $3 bn

The additional financing exercise takes the overall funding raised by Udaan to date to $ 1.15 billion

Debenhams set to shut down without alternative offer, threaten 12,000 jobs

Debenhams said it had no choice but to start winding down the business, given the prolonged effects of the pandemic

Reliance Retail to Titan, retailers defy pandemic woes to add new stores

Top firms setting up outlets even as consumers remain cautious