Malabar Gold & Diamonds, the gold and diamond retail chain opened its 1st store in Dehradun, Uttarakhand in the presence of Minister Ganesh Joshi, State Cabinet Minister of the Government of Uttarakhand. This is Malabar Gold & Diamonds’ 24th store in the North region. Commenting on launching the showroom, M P Ahammed, Chairman, Malabar Group […]
McDonald’s (MCD.N) is increasing royalty fees for new franchise restaurants in the U.S. and Canada, marking the first such adjustment in nearly thirty years. This adjustment will align the fees with what McDonald’s charges in other global markets. Effective from 1 January, the fees will be raised from 4 per cent to 5 per cent. […]
Reliance Retail (RRVL), the retail arm of Reliance Industries, has successfully received the full subscription amount of Rs 2,069.50 crore from the global investment firm KKR and has allotted 1.71 crore equity shares. Following this share allotment, KKR’s shareholding in RRVL has increased to 1.42 per cent, up from the previous 1.17 per cent. In […]
The profit margins of fashion retailers are likely to contract by around 120 bps in FY2024 due to higher discounts and ad spends, despite an estimated 13 per cent revenue growth, the rating agency Icra has said. According to Icra’s recent industry analysis, the operating profit margins of 11 listed retail entities in its sample set, […]
Amazon.in on Friday announced the launch of Multi-Channel Fulfilment (MCF) in India. With this launch, sellers including D2C brands, manufacturers and retailers from across industries can revolutionise their fulfillment operations and enhance their customer experience by leveraging Amazon’s pan-India presence, state-of-the-art fulfillment centers and logistics capabilities to handle customer orders received from wide range of […]
Casio India has opened its first exclusive G-SHOCK retail store in Kurla, Mumbai. G-SHOCK watches are known for their durability and innovative designs, appealing to a wide audience with dynamic tastes. With options ranging from enduring ruggedness to off-road adventure style and contemporary sophistication, there’s a G-SHOCK timepiece for everyone. This store aims to redefine […]
Lenovo, the global technology powerhouse, on Wednesday opened three of its stores in Delhi as hybrid gaming stores. The stores, located at Nehru Place, will offer a wide range of Lenovo gaming and consumer products, including laptops, desktops, monitors, and accessories. These hybrid stores are set to provide an immersive retail experience, offering not only […]
Apple’s much-anticipated iPhone 15 series went on sale in India on Friday (September 22). Apple’s much-anticipated iPhone 15 series (iPhone 15, iPhone 15 Plus, iPhone 15 Pro, and iPhone 15 Pro Max) as well as the Apple Watch Series 9 and Watch Ultra 2 were announced on Tuesday (September 12) at their “Wonderlust” event. Long […]
In upcoming annual negotiations, French supermarket retail groups may push for price reductions ranging from 2 per cent to 5 per cent from food manufacturers, as revealed by Thierry Cotillard, President of Les Mousquetaires, during discussions with lawmakers. French retailers, including Les Mousquetaires, have raised concerns about what they perceive as unjustified price increases by […]
Punjab Grill opened an outlet in the vibrant city of Hyderabad. Its brand’s 38th establishment across India, Punjab Grill sets its sights on expanding further, with plans to exceed 40 outlets nationwide by the end of this quarter. The Hyderabad branch of Punjab Grill will feature the same signature menu that has garnered accolades and […]
