Page 6 - Retail Sector

Budget 2021-22 wishlist: Here are the key challenges in retail sector

Inadequate physical, digital infrastructure affecting efficiencies in supply chain management

Walmart to give 4th round of bonuses to workers since coronavirus

Walmart says for the fourth time during the pandemic it will be giving its 1.5 million U.S. part-time and full-time employees additional cash bonuses for their work.

Only Rs 300 cr of retail, MSMEs applied for loan recast: YES Bank

Yes Bank on Tuesday said the loan repayments performance by its retail and small business borrowers has been better than expected, and only Rs 300 crore of the Rs 60,000-crore book has applied for the COVID-19-related loan restructuring scheme. The collection efficiencies at about 95-96 per cent right now are back to the pre-COVID-19 levels of 97 per cent, its Global Head for Retail Business Rajesh Pental told PTI. "Only Rs 300 crore of the overall Rs 60,000 crore of the advances book have opted for loan recast till now," Pental said. He stressed that the portfolio quality is immaculate and stable where its customer selection over the past two years has paid off. Borrowers have time till the end of December to opt for the scheme. He said 54 per cent of borrowers by numbers had opted for moratorium which lasted till August, and an additional 5-8 per cent could not pay as well. However, 85 per cent of the overall moratorium customers had paid at least one loan instalment during the

YES Bank aims to double retail, SME assets & liabilities book by March 2023

The lender expects to grow the combined share of retail and SME in business to 60%

Pandemic fears, early online deals thin America's Black Friday crowds

Retailers overhauled the traditionally busy shopping day that comes the day after Thanksgiving.

Retail health segment sees 34% growth in April-October, shows data

The growth is led by the retail segment which has seen an almost 34 per cent rise in the reporting period

Retail, recreation visits show spike in key states during Diwali week

Key states including Uttar Pradesh, West Bengal, Maharashtra, Gujarat and Bihar saw between a 4-8 percentage point return to normalcy amid the festival season

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

Tough legal battle ahead for Future group as it loses arbitration case

Corporate lawyers say Indian courts usually go along with orders given by foreign arbitration courts as witnessed in several cases before

Alibaba's secret three-year experiment to reinvent outdated factories

Its ultimate goal, according to Alibaba, is to become a one-stop production solution provider for garment merchants on its Taobao and Tmall marketplaces.

Sowkea Agro eyes to clock Rs 200 cr revenues; to strengthen retail sector

Sowkea Agro and Retail Concepts has planned to introduce retail sales of fresh coconut milk, cold-pressed juices, palm-nectar, as part of its vision of reaching a turnover of Rs 200 crore

Safe & comfortable: High street scores higher with shoppers than malls

Footfall at 60-70% of last year's level; at malls, it is much less, but improving

FMCGs, retailers continue to forge direct consumer link as lockdown eases

Retailers continue to innovate on last-mile delivery; FMCGs focus on digital channel

Reliance Retail vs DMart: Why UBS thinks RIL may emerge as the winner

ADIA joins the league of Silver Lake, KKR, General Atlantic, Mubadala Investment Company, GIC, and TPG who have cumulatively invested Rs 37,710 crore in Reliance Retail for 8.48 per cent stake

Alibaba Group Holding to buy up to 10% stake in duty-free retailer Dufry

Dufry employs about 31,000 people and said in June it plans to reduce personnel expenses by 20% to 35% as revenue plummets.

Launch of more products, retail participation to scale up GIFT IFSC: Ray

A bigger basket of financial service products and retail participation will help in making GIFT IFSC attractive for international players, GIFT City managing director Tapan Ray has said.

6 months after lockdown: Covid-19 impact on economy likely to be long-term

From when the lockdown was imposed on March 24, the number of Covid-19 cases has shot up from 500 to almost 5.6 mn

Covid-19 impact: Worst over, but auto, retail, real estate still ailing

These sectors account for nearly a fourth of India's GDP

Retail sector to see transformation due to AI-led tech disruptions: Report

The unorganised segment has dominated the Indian retail sector and in 2019, the segment commanded as much as 85 per cent of the market, show-casing the significant potential for digitalisation

Analysts positive on retail sector post Reliance Retail-Silver Lake deal

With RIL's retail arm, Reliance Retail, sealing its first stake sale deal with Silver Lake, analysts see the sector consolidating yet growing going forward