Page 7 - Retail Market

Americans ramped up retail spending a strong 1.7% last month

Solid hiring, strong pay raises, and healthy savings for many households are underpinning robust spending

For retailers, high street is flavour of the season as demand picks up

As demand picks up, retailers are opening 50% of their new stores on high streets

V-Mart Retail reports net loss of Rs 14.14 crore in September quarter

The comapany on Monday reported narrowing of net loss

Retail edible oil prices drop by Rs 5-20/kg in major markets: Food Secy

Edible oil prices in the major retail markets across the country have declined, the official said

Rent of retail space up 11-17% in Delhi's upscale mkts in July-Sep

Rentals of high-street retail are inching back to pre-COVID levels in Delhi-NCR on the back of revival in business, as rents in upscale Khan Market, South Extension and Connaught Place have risen 11-17 per cent during July-September compared to the previous quarter, according to Cushman and Wakefield. "Rentals inching back to pre-COVID levels as market activity strengthens," global property consultant Cushman and Wakefield (C&W) said in its report 'Marketbeat- Delhi-NCR, Retail Q3 2021' (July-September). The Delhi-NCR market recorded improved retail activity during the September quarter, the consultant said, adding that early signs of recovery could be seen with a pick-up in retail leasing. "With rentals inching back to pre-COVID levels and accommodation on commercial terms narrowing, the only direction for retail in the coming months is upwards," said Vibhor Jain, Managing Director, North, Cushman & Wakefield. "Increased vaccination and a low caseload have certainly played an

Imagine Meats to bolster product range, aims presence in 25-30 cities

Imagine Meats, a food venture by Bollywood couple Genelia and Riteish Deshmukh, is working on expanding its range of plant-based meats suited for Indian taste buds

Sloggi forays into Indian market, to open 10 stores by 2022

International bodywear brand Sloggi has forayed into the Indian market and plans to expand its retail presence through franchise partner Solar Group.

We take allegations of improper actions seriously, probe them fully: Amazon

The US e-commerce giant on Monday said it takes allegations of improper actions seriously and investigates them fully to take appropriate action.

Reliance Retail becomes second-largest customer of Future Consumer

Reliance Retail has become the second-largest customer of the Kishore Biyani-led Future group's FMCG arm Future Consumer, contributing over one-fourth of the total sales of the company.

PNB waives all service charge, processing fee on retail products

Punjab National Bank on Tuesday said it has waived all service charges and processing fee on retail products as part of its festival season offering.

Flipkart eyes 2X growth in 'Pay Later' offering, aims to cross 100 mn

Walmart-owned Flipkart is working on expanding its 'Pay Later' credit offering and aims to clock 2X growth over the next six months.

Dyson expands retail network to 12 stores; enters Hyderabad, Chandigarh

British tech firm Dyson on Wednesday announced expansion of its retail sales network by adding more demo stores and mall demo zones, taking its total count to 12 in the country.

Retail activity at 50% of pre-Covid levels in June despite unlocking

While key categories like personal care, jewellery, clothing and footwear continued to lag, grocery and quick service restaurants sectors recovered quickly

RIL's retail business likely to grow 3x in next 3-5 years: Report

Reliance Industries' retail business is expected to grow three times in next the next three to five years at a robust CAGR of 35-40 per cent, said a Bernstein report

Inherent strength of offline retail will remain intact in long-run: Vivo

The pandemic may have impacted the offline retail business for a few months over last two waves but inherent strength of brick-and-mortar retail will remain intact said Nipun Marya of Vivo India

Japan's retail sales rise for third month, but overall trend still soft

Retail sales jumped 8.2% in May from a year earlier, the third straight month of growth, government data showed on Tuesday, a larger rise than the median market forecast for a 7.9% gain

3x growth in 5 years, 1 mn jobs: Mukesh Ambani's blueprint for retail biz

Ambani also outlined a five-point agenda for the division as it sought to be amongst the top 10 global retailers in the next few years

New rules for e-commerce companies likely to raise compliance burden

The consumer affairs ministry proposed changes to Consumer Protection Rules, 2020

Retail sales fall 79% in May, unlock to bring relief: RAI survey

RAI expects business sentiment to improve in June as the unlock programme gets underway

Spencer's Retail sees net loss narrowing to Rs 34.53 cr in March qtr

Spencer's Retail said Nature's Basket has reported a standalone turnover of Rs 77 crore.