Retail Market

Ultraviolette plans new models, global expansion to boost retail footprint

So far, the company has deployed 1,000 vehicles on the road and aims to hit a monthly sales target of 1,000 units within the next 6 to 8 months

Himachal govt to set up regulated markets for fair prices: CM Sukhu

The Himachal Pradesh government will set up regulated markets to ensure farmers get fair prices for their produce, Chief Minister Sukhvinder Singh Sukhu announced on Monday. These markets will strengthen the economic condition of the people and save them time, he said. Inaugurating a regulated market at Totu in the suburbs of Shimla, constructed at a cost of Rs 4.5 crore, Sukhu explained that farmers were previously forced to travel to Shimla, often causing financial losses. He said that this market would greatly benefit farmers from various panchayats, including Dhami, Ghanahati, Majthai, Bagi, Dhamoon, Baichadi, Dhanda, Chail, Nehra, Devnagar, Glot, Jubbarhatti, Rampuri, Shakrah and Kalihatti by ensuring better prices for cash crops and vegetables near their homes The new facility includes eight shops, an auction platform, a 20-bed dormitory for farmers, a spacious hall for public events and other essential amenities. Sukhu noted that the establishment of this market addressed a

US retailers aim to cash in on Cyber Monday with high online discounts

The moves follow a mixed holiday season so far, with muted spending in stores on key shopping days such as Black Friday

Potato price shoots up in Jharkhand as West Bengal 'restricts' supply

The price of potato has shot up by Rs 5 a kg in Jharkhand's retail market in the past two days after neighbouring West Bengal reportedly restricted the supply of the tuber, an official said on Saturday. In a bid to maintain the stock and keep the price of potato under control, the West Bengal government has allegedly put a restriction on interstate supply of the tuber, according to a potato traders' association in West Bengal. West Bengal meets 60 per cent of Jharkhand's potato demand round the year, while the rest of the demand is met by Uttar Pradesh, Chattisgarh, Madhya Pradesh and local production. "Around 50-55 trucks, each containing 20-22 tonnne of potato, arrive in Jharkhand from West Bengal. We were informed that the trucks were stopped at Bengal check posts from Thursday, which fuelled the prices of potato in wholesale as well as retail markets from Friday in the state," Agriculture Produce Marketing Committee (APMC), Jamshedpur, secretary Abhishek Anand told PTI. He said

Retailers eye Black Friday sale to energise bargain-hungry holiday shoppers

It's show time. After weeks of pushing early deals, retailers in the United States and some other countries are promising bigger discounts on Black Friday, the sales event that still reigns as the unofficial kickoff of the holiday shopping season even if it's lost some luster. Department stores, shopping malls and merchants big and small see the day after Thanksgiving as a way to energise shoppers and to get them into physical stores at a time when many gift-seekers do the bulk of their browsing and buying online. Enough traditionalists must still be around, because Black Friday remains the biggest day of the year for retail foot traffic in the US, according to retail technology company Sensormatic Solutions. Black Friday is still an incredibly important day for retailers, Grant Gustafson, head of retail consulting and analytics at Sensormatic, said. It's important for them to be able to get shoppers into their store to show them that experience of what it's like to browse and to

Festive retail growth down by half, Nomura notes strong online demand

While retail sales, both online and offline, saw some increase during the festive season, the overall growth was slower compared to prior years

The bottom line: Private lenders stumble sequentially in Q2, PSBs shine

Slippages in unsecured retail portfolios take a toll on private banks; elevated credit costs hurt, too

Can Reliance Retail double its turnover in 3-4 yrs, as Isha Ambani claims?

One of the drivers that automatically fuels growth is that India remains one of the fastest growing retail markets and is poised to become the third-largest by 2030

Japan's Seven & i, facing a $47 bn Couche-Tard bid, to divest some assets

Operator of 'Seven Eleven stores'- numbering over 80,000 worldwide, has been under pressure from investors to divest from its large portfolio of peripheral businesses

Uniqlo owner Fast Retailing posts 31% rise in yearly profit, beats estimate

Fast Retailing's operating profit rose 31 per cent to 500.9 billion yen ($3.35 billion) in the 12 months through August from 381.1 billion yen a year earlier

Uniqlo owner seen posting 24% annual profit rise on brand's overseas push

That's marginally higher than the company's 475 billion yen forecast, which it lifted in July citing a strong performance in the second half

Small Indian cities to witness high retail developments by 2029: Report

30 per cent of institutionally held retail assets are located across 12 Tier II and Tier III Indian cities

Mattel unveils 'Diwali Barbie' doll in collaboration with Anita Dongre

Mattel's Diwali Barbie doll, dressed in a floral Koti vest, choli top, and lehenga skirt, is a blend of modern aesthetics with traditional craftsmanship, the company said

Samir Kumar named Amazon India's country manager after Manish Tiwary's exit

Samir Kumar will take on the new role from October 1, 2024, while continuing his existing responsibilities in leading Amazon's consumer businesses across the West Asia, South Africa, and Turkey

India audio device mkt sees remarkable growth, hits Rs 5,000 cr sales: GFK

The Indian audio devices market is experiencing "remarkable growth" as offline retail sales hit Rs 5,000 crore moving annual turnover (MAT) in June 2024, driven by a 61 per cent YoY volume growth in the Personal Audio segment, according to a report from GfK. Growth is driven by the rise in immersive sound technologies, enhanced consumer experiences, and a growing demand for high-quality audio products across both home and personal categories, it said. Moreover, a shift towards premiumisation in the category as consumers look towards superior quality and immersive audio experiences also aiding the Indian audio device market. Indian consumers have a "massive appetite" for audio devices and are seeking a cinematic experience and convenient listening. "With the evolving entertainment landscape, consumers increasingly seek premium, cinematic audio experiences, making the sector ripe for growth and revenue opportunities," said GFK, which is now an NIQ Company, a leading global market and

Reliance to invest Rs 3,900 crore in FMCG arm to boost market position

Reliance plans to invest Rs 3,900 crore in its fast-moving consumer goods division, aiming to capture a larger share of the Indian FMCG sector, projected to exceed $1.4 trillion by 2027

Entrepreneur Siddhartha Yog buys over one mn shares of Trent for Rs 718 cr

Global investor Siddhartha Yog on Monday acquired over 10 lakh shares worth Rs 718 crore of Tata Group retail firm Trent Ltd through an open market transaction. Yog is the founding partner of Xander Group Inc, an emerging markets-focused investment firm that currently manages assets of more than USD 3 billion. According to the block deal data available on the National Stock Exchange, Siddhartha Yog bought 10,09,200 shares, amounting to a 0.3 per cent stake in Trent. The shares were purchased at an average price of Rs 7,115 apiece, taking the transaction value to Rs 718.04 crore. The data showed that Dodona Holdings offloaded the same number of shares at Rs 7,115 apiece. Shares of Trent fell 0.09 per cent to close at Rs 7,151.95 per piece on the NSE. Last month, Siddhartha Yog acquired a total of 9.48 lakh shares or 0.27 per cent stake of fashion and lifestyle company Trent from Dodona Holdings Ltd through separate block deals for a combined value of Rs 649 crore. The shares were

Godrej Interio to open 104 new stores, add over 200k sq ft of retail space

Home and office furniture brand Godrej Interio on Monday said it plans to open 104 new stores and add over 2 lakh sq ft of retail space in the ongoing fiscal as part of its pan-India expansion. A part of Godrej & Boyce of Godrej Enterprises Group, Godrej Interio currently has 900 stores in more than 600 cities across India. Godrej Interio projects a 20 per cent growth this year and plans to add over 2 lakh sq ft of retail space in FY25. The company is poised to surpass 1,000 stores in August, it said in a statement. The brand will also add 104 new stores in fiscal year 2025, it added. "Our nationwide growth plan targets 34, 24, 19 and 27 new stores for the northern, western, southern, and eastern regions, respectively," Godrej Interio Senior Vice President and Head of Consumer Business (B2C) Dev Narayan Sarkar said. Along with the physical expansion, the brand continues to enhance its digital presence and the company's e-commerce platform serves more than 17,000 pin codes, the ...

Anardana's Strategic Expansion: A Commitment to Quality and Community

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Quick commerce's growth disrupting retail, say FMCG distributors

FMCG association writes to govt seeking redressal