Makes strategic move to focus on core categories while strengthening AO Smith’s market presence in India Hindustan Unilever Limited (HUL) has announced the sale of its water purification business, Pureit, to global water technology company AO Smith for Rs 601 crore ($72 million). The transaction, expected to be completed within three months, marks a significant […]
Leading socks brand targets high-foot traffic area for growth Premium socks brand Balenzia has opened its newest store at Terminal 4, Domestic SHA, Chennai International Airport. Strategically located in the airport’s bustling retail hub, the new outlet features an extensive array of designs, ranging from classic and formal to trendy and quirky styles. “We are […]
The new rules will not be applicable to the packaged commodities meant for industrial or institutional consumers The government will make it mandatory for manufacturers of all products sold in retail to mention key details about their contents on the packaging, irrespective of how much they weigh. Currently, packaged products above 25 kg sold in […]
DMart reports a consolidated net profit of Rs 7.74 billion for the first quarter of 2024 versus Rs 6.59 billion a year earlier India’s Avenue Supermarts, the operator of the DMart retail store chain, posted a 17.5 per cent rise in first-quarter net profit. It reported a consolidated net profit of Rs 7.74 billion (92.68 […]
Spanning 750 square feet, the newly established store offers a self-service, walk-in experience The Delhi government’s excise department has licensed the Delhi Consumer’s Cooperative Wholesale Store to launch a retail liquor store in the arrival area of Terminal-3 at Indira Gandhi International (IGI) Airport. This is the first L-10 liquor store of its kind at […]
The newly introduced store will offer a complete range of skincare solutions, complete with an immersive experience with Fixderma’s beauty advisors Fixderma announced the expansion of the brand with their first exclusive store in Galleria Market, Gurugram. Founded in 2010 as a dermatologist-prescribed brand, Fixderma ventured into ecommerce in 2020. Retailing in over 30,000 pharma […]
Monsoon progress and seasonal variations are expected to stabilise inflation rates Retail inflation in India is projected to remain below or close to 5 per cent for most of the remaining months of 2024-25, except for September, according to a report from The Economic Times. The report, authored by Soumya Kanti Ghosh, Group Chief Economic […]
In the report ‘How Urban India Pays’, Kearney-Amazon Pay said strong adoption of digital payments in online purchases has potentially led to a permanent shift in consumer behaviours India is set to witness a doubling of retail digital payments to 7 trillion USD by 2030, driven by rapid digital adoption, according to the ‘Voice of […]
The sprawling 2,106 square feet outlet showcases the brand’s spring/summer 2024 collection Michael Kors has opened its largest store in India to date in Ahmedabad, located inside Palladium Mall. The new store measures 2,106 square feet and launched with the American brand’s spring/summer 2024 collection. “Ahmedabad, your next fashion destination is here,” announced Reliance Brands […]
Trust issues persist in the Indian retail industry despite increased consumer spending PwC’s inaugural ‘Voice of the Consumer Survey 2024’ draws on over 15 years of consumer research, capturing insights from over 20,000 consumers across 31 countries, including 1,000 consumers in India. The survey reveals that 75 per cent of Indian consumers anticipate increased spending […]
