Page 2 - Retailers

Retailers expect to shrug off January blues over Republic Day weekend

Electronics and consumer durables are also expected to witness a rise in sales and customers are expected to pick-up more mobile phones this long weekend

E-commerce firm Meesho says added 25,000 non-GST sellers in 2 months

Company says it is 'committed' to goal of goal of digitising 10 million sellers by 2027

Retail broking industry's top line set for a five-year leap: Bain & Company

Rides the wave of mass affluence, financial literacy, and digital revolution

Deals and discounts make a comeback as Black Friday sale catches on

The flagship e-commerce initiatives of the Tata Group-Tata CLiQ, Tata CLiQ Luxury, and Tata CLiQ Palette are hosting their annual and much-anticipated Black Friday Sale

Over 80% Indian retailers do not see e-commerce as threat: Report

A majority of Indian retailers surveyed do not feel e-commerce is threatening their operations, with only 18 per cent saying that their sales have been impacted by online selling platforms, claims a study. The top industries witnessing the highest contribution from offline sales are FMCG & Retail (97 per cent), Food & Beverage (95 per cent), and Consumer Durable & Electronics (93 per cent). MSME-focused digital lender in India NowGrowth surveyed around 3,000 Indian retailers and shoppers across more than 25 top cities in India, wherein it was found that at-home delivery remains a top priority for shoppers, with 60 per cent of offline retailers receiving customer requests to start home delivery services. Physical stores remain the most popular mode of shopping for Indians despite the proliferation of online marketplaces. The ability to touch and feel the product is the top reason for the popularity of in-store shopping. Around 54 per cent prefer offline shopping due to the .

After Mumbai, UNIQLO India may consider opening stores in Pune next

After expanding in the north, the Japanese retailer is set to open its first store in Mumbai on October 6 and still believes there is room to open more stores within the city

Retailers in UK demand immediate action to stop wave of shoplifting

Tesco recently started offering body cameras to its staff for better protection and Aldi is currently trialling the idea

Sai Silks' IPO with fresh issue of Rs 600 cr subscribed 7% on first day

The Initial Public Offering (IPO) of ethnic apparel retailer Sai Silks (Kalamandir) was subscribed 7 per cent on the first day of offer on Wednesday. The IPO received bids for 26,16,752 shares against 3,84,86,309 shares on offer, as per data available with the NSE. The category for Retail Individual Investors (RIIs) was subscribed 12 per cent and that of non-institutional investors received 3 per cent subscription. The public issue has a fresh issue of up to Rs 600 crore and an offer for sale of up to 2.70 crore equity shares. The price range for the offer is Rs 210-222 a share. At the upper end of the price band, the IPO will fetch about Rs 1,201 crore. On Monday, Sai Silks said it has raised over Rs 360 crore from anchor investors. The Hyderabad-based company was founded by Prasad Chalavadi, a techie turned entrepreneur in 2005. It has four store formats -- Kalamandir, VaraMahalakshmi Silks, Mandir, and KLM Fashion Mall. Motilal Oswal Investment Advisors, HDFC Bank and Nuvam

Led by festival season, revenue of apparel retailers to grow 7-8% in FY24

The revenue density, calculated as revenue per square feet, is, however, expected to remain below the pre-pandemic level: CRISIL

Mall sales rise amid huge footfall in movie theatres due to hit films

According to the Retailers Association of India, sales in July increased by 9 per cent compared to last year

Retailers in the 'festival' mood after hit Independence Day weekend

Lifestyle recorded positive same-store sales growth during the Independence Day weekend, which the retailer did not anticipate, given a lacklustre EOSS

Which Indian market has the highest rentals? Delhi | Gurgaon | Mumbai

Barbie hot pink universe; Global retailers cash in on 'plastic doll' craze

With many consumers spending less amid a cost of living squeeze, retailers are jumping at the opportunity to persuade shoppers to buy more expensive items and boost their revenues

DPIIT appoints nodal officers to help MSME, retailers onboard ONDC

The Centre has appointed nodal officers in all the states with a view to encouraging startups, MSMEs, and retailers onboard the government's initiative open network for digital commerce (ONDC), an official said on Thursday. ONDC is an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT) which aims to build an open, interoperable network on which buyers and sellers can transact without needing to be present on the same platform. It is neither an application, nor platform, intermediary or software but a set of specifications/provisions designed to promote open, unbundled, and interoperable open networks. It offers small retailers an opportunity to provide their services, and goods to buyers across the country through an e-commerce system, where buyers will be able to purchase the products, which are sold on any platform. The official said that the nodal officers in every state would drive dedicated and customised programs for startups, MSMEs, retailers an

Uniqlo to expand its manufacturing bandwidth through 20 partners in India

Uniqlo has multiple production partners in India and is looking to expand this network through a large investment; CEO Tadashi Yanai says he wants Uniqlo to become the "best-selling retailer in India"

Retailers see strong top-line growth on low base in January-March quarter

ABFRL also saw a 26 per cent rise in net sales at Rs 2,880 crore in the January-March quarter as it focused on expanding its network of stores

Govt asks retailers not to insist on mobile number for providing services

The Consumer Affairs Ministry has issued an advisory directing retailers not to insist on the personal contact details of customers for delivering certain services, Consumer Affairs Secretary Rohit Kumar Singh said on Tuesday. The advisory has been issued following several consumer complaints. Customers have complained about many retailers not providing them services if they refuse to share their contact number, he said. "Sellers say they cannot generate the bill until personal contact details are provided. This is an unfair and restrictive trade practice under the Consumer Protection Act and there is no rationality behind collecting the information," the Secretary told reporters. There is also a privacy concern. Therefore, an advisory has been issued to the retail industry and industry chambers CII and FICCI to address this issue in the interest of consumers, he said. It is not mandatory in India for customers to furnish their mobile numbers to a retailer to generate a bill. Howev

Citigroup plans to debut new credit card for use with multiple retailers

It puts customers in control of how they want to finance purchases, Kartik Mani, chief executive officer of the bank's retail-services division, said in an interview

Goyal invites big, small retailers to join ONDC to create opportunities

Commerce and Industry Minister Piyush Goyal on Tuesday invited all big and small retailers to join the government-promoted Open Network for Digital Commerce (ONDC), as it would help in creating huge opportunities for everybody. ONDC aims to promote an open platform for all aspects of e-commerce retail. It would help small retailers expand their business through e-commerce medium and reduce the dominance of giants in the sector. It is a non-profit company, which is formulating a set of standards for voluntary adoption by sellers or logistics providers or payments gateway operators. ONDC will require an undertaking from each participant at the time of onboarding that it will comply with the policy in its entirety. "The Walmarts and Flipkarts of the world the Tatas, and Reliances of the world, everybody has a role in making ONDC a success. So, we would like to invite everybody to be part of this journey in a free and fair manner and nobody will be discriminated against. It is open to

PhonePe launches shopping app for ONDC, marking e-commerce entry

Pincode will connect consumers to small merchants and neighbourhood stores, says fintech firm