Retail Companies

Brokerages estimate the consumer discretionary segment to outperform the staples sector

Tata Group retail chain Croma on Monday announced the appointment of Shibashish Roy as its new Chief Executive Officer & Managing Director, effective April 1. Roy was named CEO in November 2024 and worked alongside outgoing Managing Director Avijit Mitra during a transition period that concluded in March 2025, Croma said in a statement. He has over 20 years of experience in Tata Group companies and has been instrumental in expanding Croma's market presence and improving its customer service approach across different sales channels, it added. "Shibashish has been transitioning into the role of CEO & MD over the past five months, following the succession plan announced late last year... I am certain Shibashish's digital-first approach and passion for customer engagement will drive Croma to great heights and look forward to working with him," Infiniti Retail Ltd Chairman Naveen Tahilyani said. Infiniti Retail Ltd operates organised consumer durables and electronics chain in India

Godfrey Phillips India had on April 12 announced its plan to sell the loss-making 24Seven convenience store chain after a review of its retail business division

Sean Stress: Retail majors stitch through low single-digit growth or same-store sales decline

The third quarter of the financial year typically witnesses higher sales since it coincides with the festival season

In data shared with Business Standard, the company said the Y-o-Y growth in the October and November period has been at 12.5 per cent, pointing at robust growth in the third quarter as well

In the apparel sector, few wedding dates and lingering weak consumption patterns are expected to hinder growth for companies

Reliance Retail (RR), the country's largest retailer, added the most number of employees at about 60,000 in FY23

Three group companies enter corporate insolvency process, marking decline of former retail tycoon

They may not be converted into hypermarkets and supermarkets as many are on city outskirts

Anonymity factor is critical for its acceptance, asserts Dinesh Khara

The government has pointed out that the changes are being made as part of the ease of doing business

The retailer's revenues in Q2 were lower than estimates

Some are managing supply-chain backend for retail pharmacies, right from stockist to chemist, others are offering telemedicine kiosks at chemist outlets, and digitising pharmacies

Reliance Retail will be the official retailer for Gap in India, mixing exclusive stores and digital commerce platforms.

Analysts believe that the Indian retail sector is on the 'cusp of accelerated earnings growth' as consumer sentiment, and discretionary purchases bounce back from Covid-19 pandemic

Normally seen by investors as a strategic advantage, the conglomerate's diversified interests proved a weakness at a time when Australia spent months under lockdown due to the Delta variant

Aggressive expansion, online sales, and margin gains are positive for ABFRL and Trent

Leading shoemaker Bata India Ltd is working on portfolio changes towards casuals and sneakers as part of its business growth plans and channel expansion through franchise, its CEO Gunjan Shah said.

By Hilary Russ