Stellar Value Chain Solutions, a provider of consumer supply-chain solutions, announced on Tuesday that it will invest approximately Rs 200 crore to establish D2C (Direct-to-Consumer) fulfilment centres in six cities across the country by 2026. Stellar Value Chain Solutions said in a statement that these facilities will be located in key strategic locations across the […]
The Bombay High Court on Wednesday quashed and set aside the Maharashtra Food and Drug Administration (FDA) order that barred Johnson & Johnson from producing and selling its baby powder. A division bench of Justice Patel and Justice SG Dhige allowed the product’s sale, noting that there were 11-12 results in total. The FDA’s order […]
Bed Bath & Beyond’s fiscal third-quarter sales dropped 33 per cent as the home goods retailer strives to strike the right balance with its customers. Sales fell to USD 1.26 billion in the three months ended November 26 from USD 1.88 billion the previous year. Sales at stores that have been open at least a […]
Amazon has announced plans to close three UK warehouses, affecting 1,200 jobs, according to PA Media on Tuesday. The company announced last week that it would lay off more than 18,000 employees in its e-commerce and human resources departments, the latest in a string of layoffs in the tech industry. Separately, Amazon’s UK business has […]
The Indian retail market is expected to grow to USD 1.5 trillion by 2030, up from USD 0.793 trillion in 2020, due to factors such as urbanisation and income growth. The Indian e-commerce industry, on the other hand, is expected to surpass USD 350 billion by 2030, growing at a Compound annual growth rate (CAGR) […]
Debt-ridden Future Lifestyle Fashion announced on Monday that its total outstanding debt has been reduced to Rs 1,827.82 crore as of 31 December 2022, with a total default of Rs 1,465.67 crore. Future Lifestyle Fashion’s default of Rs 1,465.67 crore is “comprising the persisting default” of Rs 436.01 crore for the September 2022 quarter, according […]
ITC Engage, one of India’s leading fragrance brands, expands its premium portfolio with the launch of One Soul, its first gender-neutral fragrance. With the release of this one-of-a-kind, gender-free fragrance, the brand hopes to break down gender barriers and celebrate inclusive grooming. Inspired by the blue skies and open spaces, One Soul matches the free […]
Bacardi India has launched an e-commerce platform, Legacy Collective, to bring together homegrown legacy Indian brands, according to a press release issued on Tuesday. The platform will feature an exclusive selection of homegrown Indian products, with the goal of creating a new legacy for India’s future lifestyle. It has collaborated with Isak Fragrances, an artisanal […]
Organised jewellery retailers in India are expected to continue outpacing the industry over the medium term, owing to industry tailwinds such as an accelerated shift in market demand from unorganised retailers and planned expansion of retail presence to capitalise on the tailwinds, according to credit rating agency ICRA. In its most recent research report, the […]
Tata Group is on the point of acquiring a significant plant in southern India, creating the country’s first homegrown iPhone manufacturer. According to two people familiar with the process, the airline-to-software conglomerate has been in talks with the factory’s owner, Taiwan’s Wistron, for months and hopes to complete the purchase by the end of March. […]
