Retail vehicle sales across India saw strong growth across all vehicle categories this January, with the overall market expanding by 15 per cent. Two-wheelers (2W) sales grew 15 per cent, followed by three-wheelers (3W) at 37 per cent, passenger vehicles (PV) at 13 per cent, tractors at 21 per cent and commercial vehicles (CV) at […]
Retail inflation in India declined to 5.10 per cent in January due to an easing in food prices, according to the data released by the government on Monday. Inflation based on the Consumer Price Index (CPI) was 5.69 per cent in December last year. It was 6.52 per cent in January 2023. National Statistical Office […]
WoodenStreet, a furniture brand, has launched of its seventh physical store in Creaticity Mall in Pune. The new launch spans across an area of 5000 sq. ft. The company aims to get closer to its customers and strengthen its foothold in Pune. With its new store, WoodenStreet plans to showcase a wide range of furniture […]
After hitting $10B revenue, Sephora sent cookies to appreciate employees, sparking backlash for perceived lack of substantial recognition or financial rewards Sephora reached a significant milestone of revenue of $10B. Achieving such a high level of revenue solidifies Sephora’s position as a leader in the global beauty and cosmetics retail industry. It reflects the company’s […]
A recent announcement by the Reserve Bank of India (RBI) directing Paytm Payments Bank to halt services by February end, has led local Kirana store owners to start using other payment apps for business. A survey conducted by Kirana Club indicates that 69 per cent of respondents use the Paytm QR code for daily transactions […]
The commercial real estate outlook in India presents a varied scenario across different segments, as per a report by rating agency ICRA. The retail mall operators and warehousing sectors are experiencing growth driven by strong consumption trends. However, the office segment, while resilient, is facing a slowdown in leasing from technology-based sectors due to global […]
V-Mart Retail on Monday reported a 41.36 per cent increase in net profit to Rs 28.23 crore for the third quarter that ended December 2023, helped by the festive season. It had reported a net profit of Rs 19.97 crore in the October-December period a year ago, according to a regulatory filing. Its revenue from […]
The operator of omnichannel beauty and fashion retailer Nykaa, FSN E-commerce Ventures reported a consolidated net profit of Rs 16.2 crore for the quarter ended December on Tuesday, which grew 97 per cent year-on-year (YoY) from Rs 8.2 crore in the same quarter last year. Revenue from operations climbed 22 per cent YoY to Rs […]
Looking back at 2023, retailers worldwide faced challenges with soaring inflation and restrained consumer spending. Despite these obstacles, technology emerged as a driving force, shaping the retail sector’s trajectory. As we enter 2024, technological advances and a recovering global economy present new opportunities for growth. Deloitte’s Consumer Signals platform indicates a decline in inflation concerns […]
Walmart on Wednesday said that it wants to build or convert more than 150 shops over the next five years, as well as refurbish existing ones. Walmart said in 2016 that it was halting new store openings and instead investing in online activities, technology, and shop remodels to compete with Amazon. A company spokesman stated that the […]
