Page 3 - Retailers

Govt directs retailers not to keep 'unseasonable' profit margin on tur dal

Concerned over rising tur dal prices, consumer affairs secretary Rohit Kumar Singh on Friday directed retailers not to keep their profit margin on pulses, especially tur dal, at "unreasonal level". In a meeting with Retailers Association of India (RAI) and major organised retailers, the secretary told them to calibrate the retail margins in such a way that the composition of pulses consumption basket of households is not disturbed by price rise. "He directed them to ensure that retail margins for pulses, especially tur dal, are not kept at unreasonable level," an official statement said. The retail industry players expressed their commitment to extend full cooperation with the government and also assured that all efforts will be made to keep prices of pulses under control. Today's meeting with retail association and major organised retail chains is part of the series of meetings that the department had with stakeholders across pulses value chain to ensure availability and ...

Snap launches new business unit to offer AI solutions to retailers

Snap, the parent company of Snapchat, has launched a new business unit that will offer its augmented reality (AI) solutions to retailers and businesses so they can integrate them into their apps

Retail trade and NBFCs drive credit growth in services: RBI data

Retail trade, NBFCs drive credit growth in services

Reliance Retail fills GAP: US brand opens its own store in Mumbai

In 2014, GAP had entered India with Arvind Fashions through a franchisee agreement and then parted ways with the latter in 2020

Ekart to offer warehousing services to brands, manufacturers and retailers

The end-to-end warehousing services by Ekart will include ready-to-use warehousing space, order management, integrated logistics, and inventory management

Retailers shrug off winter chill to see double-digit growth in yr-end sales

Footfalls have also witnessed an increase at both malls and retail outlets

Tension builds up between malls, retailers over proposed rental changes

Malls usually sign 9-year agreements with retailers with a rental hike of 15 per cent

Govt may offer low-cost credit to small retailers, ease rules: Officials

Neither of the officials provided details on how banks would be compensated for providing cheap loans

Reliance Retail net profit grows 36% in Q2; revenue up 44.5% YoY

Reliance Retail saw its (gross) revenue at Rs 64,920 crore, up 42.9 per cent year-on-year

Retailers, mall developers eye growth beyond metro cities, says report

Growing internet usage has whetted the appetite for quality products in these cities and has given a fillip to e-commerce too

Diversity in India Inc: Women got only 21 out of every 100 new jobs in FY22

This is the second of a four-part series examining diversity, equity and inclusion (DE&I) in corporate India. Part 2 looks at a decline in the representation of women in the workforce

Retailers likely to see strong revenue performance in July-Sept quarter

According to Dolat Capital earnings preview report, retail will be the highest ranked on revenue and earnings growth from its coverage

Relief for directors of retail firms as govt amends Legal Metrology rules

The government has pointed out that the changes are being made as part of the ease of doing business

Walmart on a drive to attract Indian sellers to its Canadian marketplace

The US retail giant operates more than 400 stores and is one of the largest online retailers and fastest growing marketplace platforms in Canada

Fintech firm udaanCapital says it enabled Rs 2,200 cr credit to retailers

Company says 'working capital availability in the country is huge as small businesses adopt digital payments

Organised food, grocery retailers' revenues to grow 20% YoY in FY23: Crisil

Also, despite heightened competition from quick commerce players, revenue of food and grocery retailers will be higher by 38% over FY20

Live commerce to virtual try on: Flipkart revamps app to woo customers

Introduces Image Search, Live Commerce, and Virtual try-ons for a better discovery experience for customers

Over 2 years after Covid outbreak, consumer firms see strong festival sales

The sentiment is robust even in the consumer durables segment

Existing players will join once penetration crosses single digits: ONDC CEO

In a Q&A, T Koshy, dwells on the network's national road map, challenges in onboarding small retailers, and the value proposition for customers

Avenue Supermarts to Bata India: Retailers are now hiring, but on contract

According to a TeamLease report for the quarter, the intent to hire in retail is higher in the June-September quarter than the April-June period