Page 8 - Retail Market

Retail sales decline 79% in May over pre-Covid levels in 2019: Report

Businesses across states were closed due to the second wave of the pandemic, as per a survey by Retailers Association of India (RAI)

Nayara Energy selects Hughes India to connect 3,500 retail outlets

Satellite services provider Hughes Communications India on Wednesday announced it has won a contract from oil retailer Nayara Energy to manage a satellite network solution across 3,500 retail outlets.

Modern trade to recover as Covid-19 pandemic graph slows: Nielsen

As consumption in metros begins to improve, the negative trend for modern trade could change in the months ahead, Nielsen said

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 ..

Second Covid wave singes retail, hotel, financials and realty stocks

Many stocks in these sectors slip into 'bear market' territory

80% of high street retail mkts saw dip in rent in 2020, Khan mkt down 14%

Delhi's upscale Khan Market has witnessed 14 per cent decline in rental during the last year amid the COVID-19 pandemic and is ranked 21st in the most expensive high street retail location in Asia Pacific region, according to Cushman & Wakefield. Around 80 per cent of Indian high street retail markets experienced declines in rent during this period, the property consultant said in its latest Main Streets report. The top three most expensive cities for retail remain as Hong Kong, Tokyo and Sydney. Regionally, among the worst-impacted was Hong Kong's premier shopping district of Causeway Bay, which saw a 43 per cent fall in rent to HK$ 870 per sq ft per month. "Among Indian high streets, Khan Market saw a 14% decline in 2020 and slipped out of the top 20 most expensive markets in the APAC region," the consultant said. Khan Market continues to be the most expensive retail market in India with a rent of USD 195 per sq ft, followed by Connaught Place in the national capital. Cushman .

Japanese brand Kikkoman plans to turn the Indian palate to soy sauce

World's largest soy sauce maker enters India through fully-owned subsidiary

Players like Udaan may disrupt $1 trn consumer retail market: Bernstein

Udaan's GMV has increased from about $0.6 billion ARR in December 2018 to around $2.1 billion ARR in December 2020, according to US-based research powerhouse Bernstein

Store charging for carry bag is unfair

Shops can't forbid customers to bring in their own bags and then charge them for carry bags

Water treadmill to Hoverbike: Innovations get cool, smart, quirky in 2020

The following list focuses purely on unusual stuff that might tickle the fancy of the retail consumer.

Retail auto weakens in Dec due to lower discounts farmers protest: Report

Farmers protest, lower discounts, especially for passenger vehicles compared to last year coupled with exhaustion of pent up demand, among others, resulted in weak auto retail sales in December

India's festive season gross sales in e-commerce cross Rs 61,000 cr: Report

Flipkart group (including Myntra) and Amazon accounted for more than 88 per cent of the entire gross merchandise value (GMV) for the festive month.

Green shoots of recovery visible in retail business, says RAI survey

The association said it had conducted a survey among its members and found that the decline in retail business had narrowed to 31 per cent in October

Covid impact: Avg monthly rent for retail space in Khan market, CP drop 14%

The average monthly rentals in Delhi's upscale retail locations of Khan market, South Extension and Connaught Place declined by 14 per cent year-on-year during the July-September period due to COVID-19 pandemic, according to Cushman & Wakefield. In its 'Market Beat Delhi-NCR Retail Q3 2020' report, Cushman & Wakefield said the average rentals of Khan Market stood at Rs 1,200 per sq ft a month during July-September, down 14 per cent from the year-ago period. Connaught Place and South Extension I & II also witnessed 14 per cent fall in monthly rentals in the last one year. At present, the average rent in the CP market stands at Rs 900 per sq ft and in South Ex at Rs 600 per sq ft a month. Rentals of retail space in Sector 29, Gurugram, fell 23 per cent to Rs 180 per sq ft, while Sector 18, Noida, saw the maximum fall of 28 per cent to Rs 180 per sq ft a month. The per sq ft monthly rentals were stable in Lajpat Nagar (Rs 250), Greater Kailash I, M Block (Rs 375), Rajouri ...

Kamath panel has little impact on retail, media, food services: Experts

30-50% firms don't meet criteria; Analysts say large firms in these segments don't need loan recast due to the efficient manner in which many of them operate

E-commerce retail market likely to cross $100 bn mark by 2024: Report

The rise of online fresh groceries sales along with growing numbers of prepared food delivery companies entering this space could propel category growth by five times in the next five years

Walmart Labs' Indian entity to be known as Walmart Global Tech India

The technology arm of the US retail giant said the move is part of the launch of its new global identity as Walmart Global Tech.

Spencer's Retail to raise Rs 80 crore rights in maiden rights issue

The maiden rights issue of Spencers Retail of Rs 80 crore to meet its working capital needs and other general purposes opened on Tuesday.

Liquor sales fall 60% in states with high Corona cess in May-June: Report

While pan India, there was a decline of 25 per cent and 15 per cent respectively in May and June this year, totalling to 4.37 crore cases. It was 5.87 crore cases in 2019 in the same month

Retail business takes a hit as consumers maintain distance from markets

CAIT, Retailers Association of India say retail biz has been hit severely, by 65% in June