Page 2 - Retail Space

Retail sales rose 7% in Dec compared to same period in 2019: RAI

Retail sales in December grew by 7 per cent over the pre-pandemic levels of the same period in 2019 but the pace dropped towards the last week of the month under review due to the third COVID wave

New rules to bring clarity and provide legitimacy, say direct sellers

The move will also help attract more foreign direct investment (FDI) and the latest technology in the sector in the coming times, they said

Consumer companies hit bump in digitising the supply chain

Parle Products has a system called sales force automation with its on-ground sales team to help it capture demand from retailers

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

Trent posts Rs 80-cr profit for Q2; revenue sees 2-fold jump to Rs 1,178 cr

Tata group retail firm Trent Ltd on Tuesday reported a consolidated net profit

Drop in United States Retail sales underscores shift to services spending

The figures Tuesday point to a softening in third-quarter consumer spending growth.

Walmart raises forecast as people return to stores; online sales slow

The world's biggest retailer has also been given a boost by stimulus checks handed out during the pandemic

Retail sales touch 72 pc of pre-pandemic levels in July: RAI

Retail sales across the country continued to recover in July

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

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)

With direct-to-customer model, Mercedes-Benz in the retail driving seat

The luxury car maker offers a new marketing template that reorients its relationship with dealers, customers

Disruptions in store operations impacting revenue, says D-Mart

The firm said it may face an excess in inventory

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 ...

Aditya Birla Fashion plans to launch Rs 1,000-cr rights issue: Official

The rights issue is part of their objectives of reducing leverage, strengthening balance sheet apart from funding general corporate expenses, including working capital

Mall developers, investors look to double retail spaces in next two years

Mall developers such as Prestige and VRSA are developing malls as not just malls but experience centres for shoppers

Indian retail mall space to rise to 95 million sq ft in 7 cities by 2021

With REIT in the offing, the focus on developing investment grade projects is likely to redefine the retail segment in the tier-II cities