Page 8 - Retail Sector

Only consumer goods may see green shoots amid coronavirus pandemic

The Covid-19 impact on various sectors of the Indian economy would depend on the longevity of the outbreak and the lockdown. Except for essentials in the consumer goods, most sectors would be impacted

Woodland banks on retail expansion to double sales to Rs 2,500 cr by 2025

Footwear and apparel brand Woodland, is expecting to double its sales in next five years to around Rs 2,500 crore, driven by retail expansion, a top company official said. The company, which is presently operating around 600 retail stores in around 250 cities, mostly owned by it, plans to add around 30 to 40 stores every year mostly in small cities. "Our topline was around Rs 1,250 crore (FY19) and is growing by 10 per cent every year, which is a quite healthy and sustainable," Aero Club Managing Director Harkirat Singh told PTI. Aero Club, maker of Woodland & Woods, expects to continue the same rate of growth for the coming 4-5 years and expects to double the turnover by FY25. Besides, Woodland, which presently gets around 12 to 15 per cent of its sales through e-commerce, from its own website and channel partners, expects significant growth in this space in the coming years. As part of its retail strategy, Woodland has adopted the omni-channel strategy by connecting, its offline

Budget 2020 wishlist: Here are the key challenges for retail sector

There are disparities in interpretation and implementation at all levels of the government

HCL Tech bets on strong demand across sectors to continue growth momentum

The company, which posted 15.5 per cent rise in revenue in the December quarter, is also seeing strong growth in the European and US markets.

Digital on-boarding key to retail growth, says Pine Labs' Kush Mehra

Fintech companies will need to design solutions with merchants in focus to encourage faster adoption, he says

Credit growth, NPA reduction to depend on pace of economic revival: RBI

Credit to the commercial sector shrank by Rs 52,971 crore during April-September this calendar, or in the first half of 2019-20, from an expansion of Rs 3.66 trillion in the same period a year ago

Art for the masses

The absence of a mass market for art means there is very little movement where it should be the most

How the ShopX app helps small retailers jump onto the e-commerce bandwagon

Having a presence across more than 350 cities and town, ShopX claims around 32,000 transactions per day on its platform

Govt arms DIPP with policy oversight to assume singular control over retail

The new Department of Industrial Promotion and Internal Trade will be in charge of both e-commerce and physical retail

After record FDI in 2018, retail sector gears up for more M&As in new year

The year 2018 brought big tickets investments across all formats while bridging the online and offline divide to bring their customers closer and the trend may continue further

Here's why private equity firms are turning bullish on retailers

D-Mart IPO, which saw good interest from small investors and TCNS Clothing's impressive listing, which was valued at Rs 45 bn, has convinced investors that retail can deliver good value in India

Walmart to Google, which e-commerce major will wear Indian retail crown?

With Walmart, Amazon, Google, Alibaba, Reliance and a host of other new and old players stepping up their retail play, India could see fireworks of a different kind this Diwali

Neighbourhood stores next war zone for retail analytics

Sector majors redo consumer profiling strategy to maximise hyper-local presence

Blackstone, Xander-APG, others are placing bets on malls in tier-II cities

US-based Blackstone has bought malls such as AlphaOne Mall in Ahmedabad, Elante Mall in Chandigarh and Treasure Island Mall in Indore

Maharashtra Shops and Establishments Act 2017: Keeping the lights on

Hiring from the beneficial sectors is also likely to rise over time

Consolidation is 'inevitable', gaining momentum in retail sector: Analysts

It is a tough business with wafer-thin margins and supply chain challenges