Page 4 - Retail Stores

Footwear retailer Metro Brands IPO receives 27% subscription on first day

The company on Thursday raised more than Rs 410 crore from anchor investors

Walmart announces MoU with MP government to train and support MSMEs

The initiative comes under Walmart Vriddhi Supplier Development Programme

Pee Safe plans to launch more than 50 retail outlets over next 12 months

The stores being planned will be franchise-owned brand exclusive stores (FOFO) and the time frame is 12 months

V-Mart Retail reports net loss of Rs 14.14 crore in September quarter

The comapany on Monday reported narrowing of net loss

To build metaverse, Meta first wants to build stores

Meta has discussed opening retail stores that will eventually span the world, said people with knowledge of the proj­ect

Shoppers Stop Q2 net loss at Rs 3.68 cr; sales up two-fold to Rs 642 cr

Retail chain Shoppers Stop Ltd on Wednesday reported narrowing of its consolidated net loss to Rs 3.68 crore for the September quarter, helped by a comeback in sales. The company had posted a net loss of Rs 97.70 crore in the July-September period a year ago, Shoppers Stop said in a regulatory filing. Revenue from operations rose over two-fold to Rs 642.07 crore from Rs 296.98 crore in the corresponding quarter of the previous fiscal. Total expenses were at Rs 714.25 crore, up 45.06 per cent from Rs 492.36 crore earlier. Shoppers Stop MD & CEO Venu Nair said, "The demand postponement triggered by the second wave of the pandemic witnessed a strong comeback in Q2." "While July was muted with multiple lockdowns and Maharashtra completely closed, August and September witnessed a sharp recovery. Our sales more than doubled and EBITDA quadrupled against last year," he noted. Moreover, the festive sales have been extremely reassuring, he said, adding sales recovered more than 100 per ..

Aug retail sales touch 88% of pre-pandemic level on festive demand: Survey

Helped by festive demand, retail sales improved in August and reached 88 per cent of the pre-pandemic levels, a survey said on Wednesday.

North, south markets lead India's retail recovery, says survey

After a massive disruption during the second wave of Covid-19, retail activities in the country have started recovering steadily

Muscle & Strength India plans to open 100 stores in the next one year

The company is eyeing to launch outlets through franchisee route with an investment of Rs 20 crore as it seeks to deepen its presence in India's growing nutritional supplement space

Amazon plans to open large physical retail stores in US: Report

The first stores are expected to be located in Ohio and California and will be about 30,000 square feet in size, which would be smaller than the typical department store

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

Tata gets bullish on e-commerce just as rules threaten to transform market

Tata Group is taking a more vocal interest in rules shaping online marketplaces, hinting at ambitions as it reappraises its retail strategy just as e-commerce reform threatens to muddy plans

Wholesaler METRO Cash & Carry India opens its 29th store at Visakhapatnam

METRO Cash & Carry India, the country's leading organised wholesaler, on Wednesday announced opening of a new store at Visakhapatnam, taking the total strore count to 29. The new store is the second METRO Wholesale in Andhra Pradesh after Vijaywada, which will help generate close to 500 direct and indirect employment opportunities, said a company statement. Spread over 50,000 sq.ft, the new store stocks a wide range of globally benchmarked quality assortment of over 7,500 products in both food and non-food category, it added. METRO Cash & Carry India MD and CEO Arvind Mediratta said Andhra Pradesh is a priority market for the company and would increase its footprint in the state. "We will continue investing to add more stores in the state, provide diverse product assortment and offer innovative digital solutions for an enhanced omni-channel experience for our customers, he said. The new store is integrated with METRO's B2B e-commerce app for traders and will offer the kirana ..

South Africa's big retail chains race to restock looted stores

Retailers also said they are racing to keep stores unaffected by the violence stocked as some shoppers were stripping shelves with panic buying

Covid-19 crisis: Nearly 10,000 mobile retail stores shut in the past year

The north India region, the largest market among all four zones of the country, has seen the worst, according to market analytics platform PredictiVu, with close to 10 per cent of outlets closing

As Covid-19 lockdowns ease, Indians still prefer home deliveries: Survey

This trend was observed not just in the big cities, but also tier-1,2,3 towns, a survey by community led social media platform LocalCircles has found

Malabar Gold & Diamonds to invest Rs 1,600 crore in FY22 on 56 stores

This is in line with the company's expansion plan to triple its retail network from over 250 showrooms this year to 750 outlets by 2023

Store charging for carry bag is unfair

Shops can't forbid customers to bring in their own bags and then charge them for carry bags

New national retail policy: Licence rationalisation among five focus areas

The five areas that would be addressed in the policy are ease of doing business, rationalisation of the licence process, digitisation of retail, focus on reforms and open network for digital commerce