Page 2 - Retail Market

Seven & i takeover proposal tests Japan's investment-friendly stance

The new M&A guideline from the economy ministry isn't binding, but its impact has already been seen in a handful of domestic deals with multiple competitive bidders

Walmart seeks to raise $3.74 bn in sale of JD.com stake, term sheet shows

Walmart said in a statement that JD.com had been a valued partner over the past eight years, and the US retailer was committed to a continued commercial relationship with the Chinese e-commerce giant

Promoters of Electronics Mart India divest 7.8% stake for Rs 689 cr

Pavan Kumar Bajaj and Karan Bajaj, the promoters of Electronics Mart India, on Friday, divested a 7.8 per cent stake for Rs 689 crore via open market transactions, while Norway's Government Pension Fund Global and SBI MF picked up the stake. According to the bulk deal data on the National Stock Exchange (NSE), Pavan Bajaj and Karan Bajaj sold 1.50 crore shares each, representing a 7.8 per cent stake in Electronics Mart India Ltd (EMIL). The shares were offloaded in the price range of Rs 229.75-229.77 apiece, taking the transaction value to Rs 689.28 crore. After the latest transaction, the combined shareholding of promoter and promoter group entities' in EMIL has declined to 65.17 per cent from 72.97 per cent. Meanwhile, SBI Mutual Fund (MF) purchased 1.51 crore scrips, amounting to a 3.92 per cent stake in EMIL and Norges Bank - Government Pension Fund Global and Franklin Templeton MF acquired 99.41 lakh shares of Electronics Mart India. Shares were bought by these entities in th

Centre to monitor wholesale and retail prices of 16 more food items daily

Union Food and Consumer Affairs Minister Pralhad Joshi on Thursday announced that the government will collect and monitor daily wholesale and retail prices of 16 more essential food commodities from August 1 to help it make policy interventions to stabilise rates. The Department of Consumer Affairs has already been monitoring the daily prices of 22 essential food commodities from 550 centres across 34 states/Union Territories. "We are now adding 16 more commodities, taking the total number of food items to 38 whose prices will be monitored on a daily basis," Joshi told reporters here. The 16 food items are bajra (whole), jowar (whole), ragi (whole), suji (wheat), maida (wheat), besan, ghee, butter (pasteurised), brinjal, egg, black pepper, coriander, cummin seed, red chillies, turmeric powder and banana. The Price Monitoring Division (PMD) in the department is responsible for tracking prices of selected essential commodities. The minister also launched an updated 'PMS Mobile App .

Retail jewellery sector: Indriya entry adds lustre to formalisation

Aditya Birla joins the fray of an already booming jewellery retail market

EESL to launch retail shops to distribute energy-efficient products: Exec

State-owned Energy Efficiency Services Ltd (EESL) will soon introduce retail franchisee shops called 'Urja Dakshta Dukan' which will offer affordable energy-efficient products like LED lights, ACs and fans to consumers, a senior official said. EESL, at present, distributes products through retail tie-ups with power distribution utilities to consumers. Buyers can also purchase the products online from its web portal EESLMART.in. The first batch of franchisee outlets is expected to open in Jharkhand, Maharashtra and Telangana, the official said. The invitation for pan India franchise tie-ups will be available on the EESL website from August. The official informed that the EESL's exclusive retail outlets will showcase energy-efficient product lines for mass adoption via a franchise model at the pan-India level. These retail shops will create maximum visibility amongst targeted consumers for adopting energy-efficient product lines. The EESL retail shop franchisee model aims to create

India embraces 24-hour retail, nighttime consumer spending soars by 60%

Data from Simpl's Checkout Scan shows a remarkable 60 per cent increase in total payment volumes for orders placed between 10 pm and 4 am over the past year

Retail sales up 0.1% in May from Apr as still high inflation curbs spending

Consumers barely increased spending in May from April as still high inflation and high interest rates curbed spending. Retail sales rose 0.1 per cent in May, below the pace that economists projected, according to the Commerce Department. And April sales were revised downward a 0.2 per cent decline, from unchanged. Sales rose 0.6 per cent in March and 0.9 per cent in February. That comes after sales fell 1.1 per cent in January, dragged down in part by inclement weather. Excluding gas prices and auto sales, retail sales rose the same amount. Excluding sales from gasoline, whose prices have been falling, sales were up 0.3 per cent. The retail sales data offers only a partial look at consumer spending because it excludes things like travel and lodging. However at restaurants, the lone service category tracked in the monthly retail sales report, sales fell 0.4 per cent in May. Sales at clothing and accessory stores rose 0.9 per cent, while electronics and appliance stores posted a 0.

NPPA fixes retail prices for 54 drug formulations and 8 special products

Prices have been fixed for drugs and formulations meant for diabetes, hypertension, heart issues, multivitamins, bacterial infections, and allergies

Holy grail of blended commerce

Combining the power of physical and online retail represents the next frontier

Chicco Premium Strollers: Style, Comfort, and Safety All in One

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Reliance Retail to sell British online retailer ASOS' products in India

The partnership is the latest in a string of deals by Reliance Retail, which has brought international brands such as American jewellery seller Tiffany & Co and French luxury brand Balenciaga to India

India's retail sector set to cross $2 trillion by 2030, says report

The Decoding Omnichannel report indicates that digital-first brands are best positioned to lead the charge in scaling omnichannel strategies across various consumption categories in the country

Target Rs 6K cr gross written premium for FY25: Future Generali MD & CEO

Rau discusses plans to focus on the underpenetrated non-motor, non-health space to support growth

Govt to broaden e-rupee distribution beyond banks to boost retail use: RBI

It has now proposed that non-bank payment system operators, which include third-party payment app providers like PhonePe, Google Pay and Paytm, offer the e-rupee through CBDC wallets

Audi India reports 33% increase in retail sales at 7,027 units in FY24

Luxury carmaker Audi India on Tuesday reported 33 per cent increase in retail sales at 7,027 units for the fiscal ended March 31, 2024. The German automaker had sold 5,275 units in the country in 2022-23 financial year. "We have seen a robust growth of 33 per cent in FY23-24 on the back of a diverse portfolio. Our product portfolio continues to witness strong demand and we are poised to overcome supply challenges," Audi India Head Balbir Singh Dhillon said in a statement. He further said: "Despite ongoing growth in the luxury market, which is tapering off on the back of record-breaking sales in 2023, we are confident about the industry's potential to exceed 50,000 cars in 2024." In the March quarter, the automaker said it retailed 1,046 units in the domestic market. The company encountered challenges related to supply chain disruptions during the first quarter which had an impact on sales. The automaker had retailed 1,950 units in the January -March period of last year. Audi sta

Full throttle ahead: FY24 roars to 4.23 mn PV sales, 4.15 mn in retail

Overall automobile registrations rose 10% in FY23; Hybrids caught up with EVs in FY23; Consumer preference for cleaner fuels grew

Retail-heavy stocks plummet nearly 10% this month, shows data

All three stocks have come off sharply from their February highs

Vishal Mega Mart planning $1 bn IPO valuing supermarket chain at $5 bn

The retailer has 560 stores, mainly in smaller cities, that sell clothes and grocery items. It competes with Indian tycoon Mukesh Ambani's Reliance, Tata Group's Trent

E-commerce giant Amazon exports from India crossed $8 billion in 2023

Highest-growing categories include toys, beauty products, furniture, and luggage