Page 6 - Retail Market

Why using CPI for REER calculation has been self-destructive for India

Given its stage and uncompetitive infrastructure, India's approach has been largely naïve or self-destructive

India to have 31 new malls in two years on strong retail demand: Report

As many as 31 new shopping malls are expected to be operational by the end of next year on the back of strong revival in the retail sector, according to Anarock. This year, a total of 15 new malls will enter the market spread across 12 cities and in 2023, another 16 new malls will come up. In terms of area, property consultant Anarock said fresh retail space in shopping malls is expected to rise 76 per cent this year on an annual basis. "Retail real estate is staging a strong comeback, with nearly 10.15 million square feet of new mall supply set to hit Tier 1, 2 and 3 cities in 2022, and another 7.25 million square feet in 2023," Anarock said in a statement. In 2021, 5.76 million square feet of new retail real estate supply entered the country. Chennai will see the highest supply of four new malls this year spread over an area of 2.55 million square feet. Other Tier 1 cities with new mall supply include Ahmedabad, Bengaluru, Hyderabad, Mumbai, Pune and Ghaziabad in NCR spanning 5.

E-comm retail logistics market projected at $6.3 bn by FY26: Report

The growth will be primarily driven by the e-commerce retail market - expected to reach approximately $145 billion by FY26, with about 15 million daily shipments.

A dozen bananas likely to cost Rs 100 in Delhi, thanks to rains and exports

Traders have attributed this spike to higher exports, rising transportation and storage costs, and a widening gap between demand and supply

RBI issues digital currency for wholesale, retail segments in phased manner

The Reserve Bank of India is in the process of implementing the Central Bank Digital Currency (CBDC) in a phased manner for the wholesale and retail segments, an official said on Wednesday. The introduction of CBDC was announced in the Union Budget 2022-23, by Finance Minister Nirmala Sitharaman and necessary amendments to the relevant section of the RBI Act, 1934 has been made with the passage of the Finance Bill 2022, Ajay Kumar Choudhary, Executive Director (Fintech), Reserve Bank of India (RBI) said. The passage of the bill has enabled the RBI to conduct a pilot and subsequent issuance of CBDC, he said. "RBI is also working on phased implementation of a central bank digital currency (CBDC) in both wholesale and retail segment," Choudhary said while delivering a keynote address at the 'PICUP Fintech Conference & Awards' by FICCI. CBDC is a digital or virtual currency but it is not comparable to the private virtual currencies or cryptocurrency that have mushroomed over the last .

From Gap to Dollar General, retail chiefs quit as challenges grow

With the onset of the Covid-19 pandemic, retailers are dealing with fresh complications from supply-chain bottlenecks and historic levels of inflation

Despite biting inflation, analysts bullish on retail stocks for long haul

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

Retail businesses grow 24% in May against pre-pandemic level: Report

The retail businesses across India witnessed a growth of 24% in May this year against the pre-pandemic level of the same month in 2019, according to industry body RAI

Global share markets slump as retailer warnings fuel stagflation fears

LONDON (Reuters) - Heavy falls in European and Asian stock markets followed Wall Street's worst day since mid-2020 on Thursday, as stark warnings from some of the world's biggest retailers underscored just how hard inflation is biting.

Average retail wheat flour price rises 13% Rs 32.91 per kg in a year

The average price of wheat flour in retail markets stood at Rs 32.91 per kilogram on Monday, a nearly 13 per cent increase compared to the year-ago period, according to official data.

Amazon adds 5% 'fuel and inflation surcharge' to third-party seller fees

Amazon is taking a step to offset its rising costs, announcing it will add a 5% fuel and inflation surcharge to fees it charges third-party sellers who use the e-commerce giant's fulfillment services.

Kalyan Jewellers to raise up to $ 200 mn, overseas bond gets S&P 'B' rating

Raised funds by Kalyan Jewellers will be used for refinancing borrowings, payment of transaction fees, and general corporate purposes.

Kerala Housing Finance: Sebi extends time to auction properties to Feb 18

Markets regulator Sebi on Monday said it has extended the time period to auction the properties of Kerala Housing Finance to February 18, in the wake of the ongoing pandemic situation in Kerala. Earlier, the property was scheduled to be auctioned on February 4. In addition, the regulator has extended the last date of submission of the bids to February 15, from January 31, the Securities and Exchange Board of India (Sebi) said in a notice. "Considering the COVID-19 pandemic situation existing in the state of Kerala and for the convenience of the proposed bidders for their site visit and submission of bids, it has been decided to extend the last date of submission of the bids and date of e-auction," Sebi said. The regulator will auction properties of Kerala Housing Finance at a reserve price of Rs 1.3 crore in order to recover investors' money. The online auction will take place between 11 am and 12 noon. The properties to be put on sale are land parcels and flats situated in Kerala

Retail equity holdings shoot up 60% in 2021, shows data

Value of holdings rises to Rs 55 trillion as 30 mn new investors enter market

Retail sales rose 7% in Dec compared to same period in 2019: RAI

Retail sales in December grew by 7 per cent over the pre-pandemic levels of the same period in 2019 but the pace dropped towards the last week of the month under review due to the third COVID wave

BFSI: Retail vertical looks set to drive credit growth, says CRISIL

Within banks, credit issued to the retail segment, which was up 4 per cent as of October 2021, is expected to log 12-14 per cent growth this fiscal

Street signs: Nifty50 undertone still bearish, apparel retailers may gain

A move below 16,900 could result in a faster decline in the coming week, while a breach of 17,118-17,155 levels could result in better momentum on the upside

Domestic retail sales in November up 9% over pre-pandemic levels: RAI

Retail sales in India in November grew by 9 per cent over the pre-pandemic levels of the same month in November 2019 signaling improvement in business albeit worries around Omicron variant

Why is JioMart's B2B model bad news for wholesale distributors?

JioMart's B2B business model has created a dilemma for India's FMCG companies who risk alienating the 4.5-lakh distributor community. Find out the stumbling blocks in JioMart's path to dominance

TMS Ep62: Paytm, JioMart, Q&A with Marc Faber, long & short positions

What is Paytm Payments Bank's 'scheduled' status? Can Mukesh Ambani pull off a Jio in B2B retail? What's Marc Faber's take on financial markets? What are long and short positions? All answers here