Page 4 - Retailers

Lifestyle & grocery retailers reverse FY21 trend, hire over 180,000 people

The total number of employees in eight of the top retailers in India went up 57 per cent to 4,90,000 in FY22, with Reliance Retail hiring the most number of people at 1,61,000

Small retailers in Coimbatore start reaping benefits from ONDC pilot

The development comes in the backdrop of the small-scale implementation of ONDC over the last two months

Retail businesses grow 24% in May against pre-pandemic level: Report

The retail businesses across India witnessed a growth of 24% in May this year against the pre-pandemic level of the same month in 2019, according to industry body RAI

Need to protect consumers, small retailers amid growth in e-commerce: Govt

Consumer Affairs Secretary Rohit Kumar Singh on Tuesday stressed that there should not be a situation of monopoly by large e-commerce players like Amazon and Flipkart

Retail business registers 10% growth in February this year, says RAI

Retail businesses across regions have indicated growth in February 2022, with sales in West India growing 16 per cent against the same month last year: RAI

Third Covid wave to trim fashion retailers' revenues by 8% in FY22: ICRA

The agency said that restrictions are expected to be limited to Q4FY22 and estimated to be around six to eight weeks

US retail sales fall to ten-month low amid shortages, Covid-19

Americans started their holiday shopping in October to avoid empty shelves,

Amid third wave of Covid-19, mom & pop stores stock up on essentials

But modern trade in wait-and-watch mode; business as usual for e-commerce players

JioMart-WhatsApp partnership to allow retailers, customers to shop via chat

Slated for launch in 2022, JioMart's conversational e-commerce push on WhatsApp will serve up catalogues from merchants and allow users to order essentials both on demand and as subscriptions

Jhunjhunwala-backed Metro Brands eyes pre-Covid margins as sales normalise

The footwear retailer has seen demand pick up across categories post the second wave of the pandemic

IPO-bound Metro Brands aims to utilise Rs 250 cr for store expansion

At present, the company has 586 stores in 134 cities spread across 29 states and union territories in India. Of these, 211 stores were opened in the last three years

Udaan reports 95% YoY growth for food, FMCG business during festive sale

B2B e-commerce says it recorded a 75 per cent jump in retailer participation during sale promotion.

SBI, NPCI, NSE likely promoters of 'open' e-platform for retailers

Network aims to curb digital monopolies

India's largest B2B e-comm firm Udaan starts 'Mega Bharat Sale' for kiranas

In view of the the upcoming festive season, the 'Mega Bharat Sale' will run from October 6 to October 12 on the Udaan platform

India, Mexico markets push Walmart international business grow 13% in Q2

US retail giant Walmart saw its operations in markets like India, China and Mexico push its international business growth by 13 per cent in the second quarter ended July 31

Amazon to soon directly address claims over faulty marketplace products

Starting September 1, users will be able to contact Amazon directly with a property damage or personal injury claim and then Amazon will connect you with the seller.

15 mn 'Covid Safety Essentials' sold across India on udaan during 2nd wave

From March onwards till the gradual decline of the second wave, a total of 6 million covid safety essentials were shipped to the states of Assam, West Bengal, Andhra Pradesh, and Bihar

Grofers to raise tech team pay by 33%, promises hefty ESOP allocation

Grofers on Monday said it will offer a 33 per cent hike in salary to its tech team effective July, along with a "hefty ESOP allocation" as the online grocery delivery platform looks to retain staff and woo more tech talent. The SoftBank-backed company, which plans to launch an initial public offering (IPO), also hinted that it has secured a new funding round. "After coming out of the second wave, and at a point where our next funding round is secure, I think it is time to kickstart a lot of initiatives that I have been waiting for the right time to begin. "We have done well so far, but we need to do better. And in hindsight, one of the most important things we could have done in the past in order to do way better is focus and invest more in tech than we have so far," Grofers CEO Albinder Dhindsa said in a blogpost. He added that tech will always be the "number one priority going forward". As per reports, Grofers is in talks for a USD 100-120 million fund raise. Admitting that Gro

Brooks Brothers post-bankruptcy comeback focuses on casual clothes

The company plans to launch an athleisure line, a product mix with other casual items and a mascot, Henry the Sheep

Amazon to Reliance Retail's Ajio, retailers roll out goodies for shoppers

Big discounts, cashback offers, early sales part of strategy