Retail

Carrefour set to enter India through partnership with Apparel Group

Through the partnership, Carrefour will launch its exclusive brands initially in North India with plans for nationwide expansion

Plant-based leather gains traction, but costs rise due to limited infra

Local brands in India have been a step ahead and have already established various products using vegan leather

Online vs offline retail: Industry divided over Piyush Goyal's comments

Raises debate over large e-commerce players eating into share of smaller offline retailers

EESL to launch retail shops to distribute energy-efficient products: Exec

State-owned Energy Efficiency Services Ltd (EESL) will soon introduce retail franchisee shops called 'Urja Dakshta Dukan' which will offer affordable energy-efficient products like LED lights, ACs and fans to consumers, a senior official said. EESL, at present, distributes products through retail tie-ups with power distribution utilities to consumers. Buyers can also purchase the products online from its web portal EESLMART.in. The first batch of franchisee outlets is expected to open in Jharkhand, Maharashtra and Telangana, the official said. The invitation for pan India franchise tie-ups will be available on the EESL website from August. The official informed that the EESL's exclusive retail outlets will showcase energy-efficient product lines for mass adoption via a franchise model at the pan-India level. These retail shops will create maximum visibility amongst targeted consumers for adopting energy-efficient product lines. The EESL retail shop franchisee model aims to create

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

The airport announced that the international duty-free outlet, to be operated by Heinemann, will feature a selection of premium liquors, tobacco, confectionery, perfumes, cosmetics, and chocolates

Urban Indians ready to pay premium price for quick delivery: PwC report

The lack of discounts and special offers in physical stores, along with large crowds in malls during weekends are some of the reasons why urban dwellers prefer to shop online

Retail sector to more than double to $2 trillion in next decade: Report

India's retail sector is expected to grow at 9-10 per cent to reach USD 2 trillion in the next decade with the country's consumption story continuing to remain strong with steady growth, according to a report. Yet, organised retailers would need to sustain performance and continue to grow shares as the sector is going through key shifts impacting the pace and shape of growth, said the report by the Boston Consulting Group (BCG) and Retailers Association of India (RAI). While income growth remains steady, and consumers are optimistic about personal income outlook, consumers are increasingly looking to spend on "experiences" or save more through newer or nascent vehicles, it said. "The Indian retail sector will more than double in size to USD 2 trillion in the next decade - across categories and formats - and the successful retailers are the ones who continue to challenge the perceived growth profitability trade-off, " BCG Managing Director and Senior Partner Abheek Singhi said. The

Eyeing $1 bn revenue, Happiest Minds revamps organisational structure

Each new industry group will be led by a head who will frame the strategy, business plan, go-to-market, sales, domain capability, and overall customer and people experience

China's online retailer JD.com versus Elliott in battle for UK's Currys

Currys on Saturday rejected Elliott's possible cash offer of 62 pence per share, a 700 million pounds ($883 million) proposal it said significantly undervalued the company

Nike to cut about 2% of total workforce to lower costs as demand weakens

Nike had in December outlined a $2 billion savings plan over the next three years, which included tightening the supply of some products and reducing management layers

Arvind Fashions Q3 result: Revenue rises 5% to Rs 1,125 cr, shares down 9%

The company's shares tumbled nearly 9% after the results, in their biggest intra-day slide in five weeks

Arvind Q3 results: Revenue falls 4.6% to Rs 1,880 cr on tepid denim demand

Revenue from the company's textile segment, which accounts for nearly 75% of total sales, dropped 8%

Amazon attacks EU privacy regulators, claims their aim was punishment

The ecommerce giant told a local court in Luxembourg - where the firm has its regional hub - that watchdogs went on the attack rather than seek an amicable solution

China Nov industrial output rises 6.6%, retail sales below expectations

The data on output released on Friday by the National Bureau of Statistics (NBS) exceeded analysts' expectations for a 5.6% rise in a Reuters poll and made it the strongest growth since September 2022

P&G sales surpassed analysts' estimates as price hikes offset lower volume

Organic sales rose 7% in the quarter ended Sept. 30, the maker of Tide detergent and Pampers diapers said Wednesday. Analysts had projected growth of 5.8%, according to data compiled by Bloomberg

TCS signs with Asda in disinvestment and digital transformation deal

TCS will aid Asda in enhancing its customer experience and innovation capabilities to help increase its market share

Coupang to set up technology centre in India, begins recruitment drive

The Indian team will support the company's global technology team, sources said

Brands are using emotional AI to enhance the customer's in-store experience

As AI assumes greater significance in our lives, its deployment in offline retail will only become bigger

The Entrepreneurs' Odyssey: Infilect's success story as a global force in retail intelligence for FMCG Brands Worldwide

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Temasek scouts for opportunities in healthcare, retail and tech firms

Post $2 bn investment in Manipal Hospital, Singapore fund scouting for more investments