Page 2 - Retail Sector

India's retail grows due to realty supply, consumer resurgence: JLL report

According to JLL India's report, India continues to be a preferred market for international brands

Hiring activities rise in Apr-Aug period in sectors like retail, telecom

Hiring activities increased 23 per cent in the April-August period compared to the year-ago period in various sectors, including retail and telecom, a report said on Tuesday. In its staffing report, business services provider Quess Corp said that as many as 32,000 jobs were posted in the April-August period, considering that various sectors, including BFSI, retail and telecom, improved their hiring efforts in line with the surge in demand for the festive season in the country. Job roles such as production trainee, branch relationship executive, collection officer, business development executive, broadband sales executive, sales executive, warehouse associate, and customer relationship officer have seen an increase in demand this season. "As India Inc. prepares for the festive season, it is encouraging to see a positive trajectory (23 per cent) of demand for hiring today. Despite inflation and profitability pressures, segments such as manufacturing, BFSI and retail have reflected ..

Amazon Prime Day invite-only deal targets buyer frustration: Report

Shoppers request an invite for discounted items they see on the site - 32% off an Acer Swift X laptop, for example, - and get an email if the deal is still available

Over 3,000 rules for retail sector to follow, 37% bring risk of jail time

These requirements include maintenance of records, returns, and filings under the Payment of Bonus Act, 1965; Minimum Wages Act, 1948, Employees' State Insurance Act, 1948, among others

KKR to invest in consumer retail, healthcare and tech firms, says Co-CEO

PE firm, which is sitting on a $100 billion cash pile, is also keen to participate in PSU bank privatisation

Rupa & Co, Dollar Ind, Kitex Garments hit 52-wk lows on weak Q3 results

However, Kitex Garments said the company's order book in queue for 2023-24 indicates achieving a better performance in Q1 and normal performance by Q2

Budget 2023-24 wishlist: Here are the key challenges in retail sector

Large consumer markets and one of the youngest demographics

Retail, farm segments set to drive credit growth in FY23: CRISIL

Banks' net interest margin should expand in the near term despite credit costs expected to normalise

Wedding season pushed vehicle retail sales up by 26% in November: FADA

All categories were in the green with two-wheelers, three-wheelers, passenger vehicles, tractors & commercial vehicles growing by 24%, 80%, 21%, 57% and 33%, respectively

Michael Kors launches Qualcomm 4100+ chip-powered Camile Gen 6 smartwatch

Michael Kors Camile Gen 6 starts at Rs 22,995. The smartwatch is available for purchase on select online and offline retail stores

Amazon.com Inc kicks off five-part bond sale in second deal of 2022

Proceeds may be used to repay debt as well as funding acquisitions and share buybacks, says source

Going forward, IOB will be posting very good results: MD & CEO Sengupta

'It has been in the range of 20-30 per cent in almost every quarter'

Three-fourth employers in services sector willing to hire: TeamLease

The hiring boom in India's services sector is likely to continue in the third quarter, with 73 per cent of employers willing to increase their resource pool

Retail IPO applications down by over 50% in H1FY23, shows data

Firms raised a total of Rs 36,535 cr in the period, 30.2% less than Rs 52,325 cr last yr

Reliance Retail launches lifestyle departmental store format Centro

Will have over 300 Indian and International brands in categories such as apparels, footwear, cosmetics, lingerie, sportswear, luggage and accessories

We're reading too much into weak two-wheeler demand: Hero Moto exec

The optimism is in contrast with the dealers' confidence, which flagged the recovery in motorcycles and scooters "as an area of concern"

Temp staff hiring to rise as consumers return to stores in festive season

During the festive season, more than 500,000 short-term jobs are expected to be created

Divide emerges between retail, pros on how to play Ether upgrade

Ethereum recently completed its last test before the upgrade, and developers said the main event should take place next month

Retail businesses grew 18% in July as compared to pre-Covid level: Survey

In July 2022, growth in sales compared to the pre-pandemic period (July 2019) was noticeable across regions, with sales in eastern India growing to 25 per cent

Bullish on retail, Lulu Group plans to develop more shopping malls in India

Shibu Philips, Director-Shopping Malls of Lulu Group India, said the Indian retail market is still "under-utilised" with the share of organised retail being still low.