Retail Stores

Retailers see modest 7% growth during 2024 festive season sales: RAI

West India recorded the highest regional growth at 8 per cent, while North, South, and East India saw a 7 per cent rise each

Transforming retail industry in 2025: AI & automation to play crucial role

With the rapid evolution of channels like quick-commerce and the emergence of ONDC, the Indian retail industry is 'cautiously optimistic' for 2025, in which new-age technologies such as AI and automation will play a crucial role, driving efficiency and personalisation. The New Year could be a period of transformation for the Indian retail industry, one of the fastest-growing globally, where the contemporary retail landscape is rapidly evolving, influenced by the preferences of digital-first generation Gen Z and retail tech. Helped by tailwinds such as rising disposable income, rapid urbanisation, the rise of non-metro tier II cities, and growing middle class along with a digitally-savvy consumer base, the organised retail sector is poised to grow expanding its play further with a customer-centric approach. "FY25 is likely to see continued focus on building supply chain efficiencies, along with upgrades to logistics hubs and tracking systems to meet fast delivery demands. Employment

Raymond Lifestyle up 3% as Motilal Oswal reiterates 'Buy'; 49% upside eyed

The northward movement in Raymond Lifestyle's share price followed domestic brokerage firm Motilal Oswal reiterating a 'Buy' rating, maintaining a target price of Rs 3,000

Retail's balancing act: Customer's fickle loyalty in the phygital age

In the last quarter of the calendar year 2024, women's sentiment on the economy dropped by 8 per cent, while that of men increased by 6 per cent, a trend observed across all income levels

UPI QR transactions jump 33% at retail stores this year: PayNearby

UPI transactions at retail stores have increased by 33 per cent in semi-urban and rural areas this year, reflecting the growing adoption of digital payments, says a report. Moreover, insurance policy purchases and premium collections saw a 127 per cent increase in transaction volume and a 96 per cent growth in new customer adoption during the year, the report by branchless banking and digital network PayNearby said. "The data highlights the role digital retail stores play in overcoming the challenges of insurance penetration across Bharat," it stated. The report is based on an analysis of real transaction data derived from over 10,00,000 small retailers (kirana stores, mobile recharge stores etc) offering financial and digital services spread across India in rural and semi-urban regions. The findings compare business data from January to November 2024 with the same period in 2023. The report, Retail-O-Nomics, stated that there has been an impressive 297 per cent volume rise across

Sales dip at 60% of Mumbai's offline groceries as q-commerce grows: Study

More than 80% of such traditional businesses blame dark stores of quick commerce companies: JP Morgan survey

Alibaba to sell intime department stores for $1 billion amid restructuring

The deal comes as Alibaba looks to shift focus from its dominance in China's retail sector to its core e-commerce and cloud operations

Announcing the grand launch of WHILL mobility stores in Mumbai, Bengaluru and Chennai

WHILL expands its footprint in India with three flagship retail stores, providing cutting-edge personal mobility solutions

Raymond Lifestyle to hire 9,000 workers for hundreds of new stores

Raymond's garments business, which exports to the United States, Europe and Japan, reported sales of Rs 1,139 cr last year, accounting for over a tenth of the group's revenue

Japan's Seven & i, facing a $47 bn Couche-Tard bid, to divest some assets

Operator of 'Seven Eleven stores'- numbering over 80,000 worldwide, has been under pressure from investors to divest from its large portfolio of peripheral businesses

Seven & i stock rises after report of Couche-Tard raising buyout bid by 20%

Operator of the 7-Eleven convenience store chain rejected the original offer last month saying it 'grossly undervalues' its business

India audio device mkt sees remarkable growth, hits Rs 5,000 cr sales: GFK

The Indian audio devices market is experiencing "remarkable growth" as offline retail sales hit Rs 5,000 crore moving annual turnover (MAT) in June 2024, driven by a 61 per cent YoY volume growth in the Personal Audio segment, according to a report from GfK. Growth is driven by the rise in immersive sound technologies, enhanced consumer experiences, and a growing demand for high-quality audio products across both home and personal categories, it said. Moreover, a shift towards premiumisation in the category as consumers look towards superior quality and immersive audio experiences also aiding the Indian audio device market. Indian consumers have a "massive appetite" for audio devices and are seeking a cinematic experience and convenient listening. "With the evolving entertainment landscape, consumers increasingly seek premium, cinematic audio experiences, making the sector ripe for growth and revenue opportunities," said GFK, which is now an NIQ Company, a leading global market and

Entrepreneur Siddhartha Yog buys over one mn shares of Trent for Rs 718 cr

Global investor Siddhartha Yog on Monday acquired over 10 lakh shares worth Rs 718 crore of Tata Group retail firm Trent Ltd through an open market transaction. Yog is the founding partner of Xander Group Inc, an emerging markets-focused investment firm that currently manages assets of more than USD 3 billion. According to the block deal data available on the National Stock Exchange, Siddhartha Yog bought 10,09,200 shares, amounting to a 0.3 per cent stake in Trent. The shares were purchased at an average price of Rs 7,115 apiece, taking the transaction value to Rs 718.04 crore. The data showed that Dodona Holdings offloaded the same number of shares at Rs 7,115 apiece. Shares of Trent fell 0.09 per cent to close at Rs 7,151.95 per piece on the NSE. Last month, Siddhartha Yog acquired a total of 9.48 lakh shares or 0.27 per cent stake of fashion and lifestyle company Trent from Dodona Holdings Ltd through separate block deals for a combined value of Rs 649 crore. The shares were

24Seven may return under 'The New Shop' banner as acquisition talks begin

Grocery convenience retail startup is in talks with Godfrey Phillips India to acquire its 24Seven retail stores

Experience Excellence: HunyHuny Launches its Exclusive Store for all your Parenting hassles in Koramangala, Bangalore

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Reliance Retail to sell British online retailer ASOS' products in India

The partnership is the latest in a string of deals by Reliance Retail, which has brought international brands such as American jewellery seller Tiffany & Co and French luxury brand Balenciaga to India

Singapore airport retailer to run duty-free stores at Noida airport

Heinemann will run duty-free stores at Noida International Airport, while BWC Forwarders will manage domestic retail and international duty-paid retail

Biggest NCR parenting store unveiled by HunyHuny at Gaur City Mall in Noida

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Vishal Mega Mart planning $1 bn IPO valuing supermarket chain at $5 bn

The retailer has 560 stores, mainly in smaller cities, that sell clothes and grocery items. It competes with Indian tycoon Mukesh Ambani's Reliance, Tata Group's Trent

V-Mart Q3 results: Profit rises 41.3% at Rs 28.23 cr, revenue up 14.4%

V-Mart Retail Ltd on Monday reported a 41.36 per cent increase in net profit to Rs 28.23 crore for the third quarter ended December 2023, helped by the festive season. It had reported a net profit of Rs 19.97 crore in the October-December period a year ago, according to a regulatory filing by the value retailer. Its revenue from operations was up 14.43 per cent to Rs 889.05 crore during the quarter under review. It was at Rs 776.88 crore in the corresponding quarter. "Good festive demand in the quarter helped increase footfalls by 23 per cent reflecting an improved consumer sentiment. Winter season was delayed and remained muted during the quarter. Working capital improved with a decrease in inventory by 12 per cent from last quarter," said an earning statement from the company. V Mart's total expenses were up 15.18 per cent to Rs 865.20 crore, up 15.18 per cent in the December quarter of FY24. Its revenue from retail trade was at Rs 872.04 and Rs 17.01 crore from digital market p