Caught Off Guard By Early Summer, Now Fully Geared: Rasna’s Chairman
By enhancing its position in the mass markets, Piruz Khambatta states that the company is expecting a 30 per cent growth this season
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Jindal Lifestyle Targets Rs 1000 Cr Market Share In 5 Yrs With Its New Premium Cookware Range
- by Amisha Sharma
- April 5, 2024
Jindal Lifestyle (JLL), the stainless steel manufacturer is aiming to gain Rs 1000 crore premium cookware market share in the next five years with its premium cookware range under the umbrella brand of Arttd’inox (a Jindal Lifestyle initiative). “The Indian cookware market is around Rs 15,000 crore and out of that Rs 3,500 crore is […]
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The Body Shop India Unaffected By UK Administration : Body Shop India CEO
- by BW Retail World Bureau
- February 21, 2024
Earlier last week, the Directors of The Body Shop International appointed Tony Wright, Geoff Rowley and Alastair Massey of business advisory firm FRP as Joint Administrators of the company, which operates The Body Shop’s UK business. On speaking about the announcement of plans for restructuring the UK business, the administrators said the head office job […]
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Max Fashion To Expand Its Nationwide Store Presence, Targets 550 Outlets
- by BW Retail World Bureau
- February 20, 2024
Max Fashion plans to build more than 50 stores this year, strengthening its position in the Indian fashion industry, according to Sumit Chandna, the company’s president and deputy CEO. With ambitions to expand, its overall shop count will reach 550 by the end of this year. On Monday, the firm said that it had opened […]
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M&S Adds Puma & Reebok To “Brands At M&S” Portfolio
- by BW Retail World Bureau
- February 17, 2024
British retailer Marks & Spencer said on Thursday that it has partnered with Puma and Reebok to expand its external brand portfolio. M&S said that approximately 140 goods from athletic companies would be added to its website in February and March. The firm started its “Brands at M&S” plan in 2021 to attract younger customers, […]
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Logistics Costs Are Most Significant Challenge For Ecommerce: Flipkart CEO
- by BW Retail World Bureau
- February 15, 2024
Ecommerce in India is in its early stages, with logistics costs being the most significant problem, news agency PTI reported, quoting a top Flipkart executive on Tuesday. Speaking at the Walmart development Summit, Flipkart CEO Kalyan Krishnamurthy stated that the government has reduced taxation and implemented ease of doing business as a strategy, which is one […]
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WoodenStreet Expands Retail Presence, Opens Mega Store In Pune
- by BW Retail World Bureau
- February 12, 2024
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 […]
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Raymond Doubles Q3 Profit As Branded Apparel & Real Estate Shine
- by BW Retail World Bureau
- February 2, 2024
Raymond reported a third-quarter profit rise on Thursday, as strong demand for its high-margin branded clothes and real estate offers outpaced cost increases. The company’s consolidated profit after tax nearly quadrupled to 1.84 billion rupees (USD 22 million) in the three months ended 31 December, according to an exchange filing. Following the results, the company’s shares rose 1 per cent. […]
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Adani Wilmar Profit Drops 18% YoY, Revenue Down 17% In Q3
- by BW Retail World Bureau
- February 1, 2024
Adani group’s FMCG arm Adani Wilmar on Wednesday reported an 18 per cent year-on-year (YoY) dip in its December quarter profit at Rs 200.9 crore as against Rs 246.1 crore in the year-ago quarter. The company had reported a loss of Rs 130.7 crore in the September quarter of FY24. Its revenue decreased by 17 […]
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Hyundai Motor’s India Arm To Invest Rs 6,000 Cr In Maharashtra
- by BW Retail World Bureau
- January 20, 2024
Hyundai Motor’s Indian unit on Friday said it would invest Rs 6,000 crore in the western state of Maharashtra, while also disclosing that it had completed the acquisition of General Motor’s plant in the state. India’s second-largest carmaker by sales did not disclose a deal value for the Talegaon plant or give details of its […]