Page 3 - Indian Retail Sector
Retail sector reports healthy over pre-pandemic level growth: RAI
Retail businesses across India continued to post healthy growth over pre-pandemic levels, registering an 18 per cent rise in July sales compared to the same month in 2019, Retailers Association of India said on Wednesday. As per the latest business survey by Retailers Association of India (RAI), the East India region saw the highest year-on-year growth of 25 per cent last month, followed by the south at 21 per cent, north at 16 per cent and west at 10 per cent. In terms of categories, sports goods clocked the highest growth rate with a 32 per cent increase over July 2019, followed by footwear and furniture & furnishing at 23 per cent each. Apparel and clothing registered a 22 per cent rise, while quick service restaurants, consumer durables and electronics footwear posted a growth of 17 per cent, according to the survey. The jewellery category grew by 15 per cent in July this year compared to the same month in 2019, while food and grocery rose 11 per cent. Beauty, wellness and ...
 "Retail sector reports healthy over pre-pandemic level growth: RAI")
75th Independence Day: Retailers look to end season sales on a high
Some offering discounts up to 75%, keeping up with the 75th Independence Day theme
 "75th Independence Day: Retailers look to end season sales on a high")
Despite biting inflation, analysts bullish on retail stocks for long haul
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
 "Despite biting inflation, analysts bullish on retail stocks for long haul")
Amazon's battle with Reliance for India retail supremacy: 5 things to know
Amazon and Future agreed to out-of-court settlement discussions this month, but the two sides told India's Supreme Court on March 15 they had failed to resolve the matter
 "Amazon's battle with Reliance for India retail supremacy: 5 things to know")
Need to protect consumers, small retailers amid growth in e-commerce: Govt
Consumer Affairs Secretary Rohit Kumar Singh on Tuesday stressed that there should not be a situation of monopoly by large e-commerce players like Amazon and Flipkart
 "Need to protect consumers, small retailers amid growth in e-commerce: Govt")
Scaling down ops to cut losses, says FRL as Reliance takes over its stores
Future Retail on Saturday said long-stop date for deal with Reliance has been extended to September 30, 2022
 "Scaling down ops to cut losses, says FRL as Reliance takes over its stores")
2021 retail investing boom has lessons
Covid-19 did what innumerable seminars on investor education could not do for over two and a half decades.
Reliance Retail sales up 10.5% to Rs 45,460 crore in September quarter
The net profit for the quarter of Reliance Retail was Rs 1,695 crore - higher by 74.2 per cent year-on-year
Shoppers Stop surges 20% on strong operational performance in Q2
The company said it witnessed a strong recovery in demand after the second wave across the formats, with sales moving swiftly close to pre-pandemic levels in August and September
 "Shoppers Stop surges 20% on strong operational performance in Q2")
Retail sales near pre-Covid levels with 96% recovery: RAI
Category wise, consumer durables and electronics; food and groceries and quick service restaurants (QSR) have fully recovered and are indicating double digit growth on pre-pandemic levels
North, south markets lead India's retail recovery, says survey
After a massive disruption during the second wave of Covid-19, retail activities in the country have started recovering steadily
 "North, south markets lead India's retail recovery, says survey")
Recovery tracker: Traffic up, workplace visits peak since national lockdown
Power generation and freight growth slow down
 "Recovery tracker: Traffic up, workplace visits peak since national lockdown")
Flipkart Wholesale helps 600 brands from small cities expand across India
The firm is playing a key role in the success of many local and small brands by helping bridge the gap between them and Kiranas and retailers that sell to the masses.
 "Flipkart Wholesale helps 600 brands from small cities expand across India")
Retail sales touch 72 pc of pre-pandemic levels in July: RAI
Retail sales across the country continued to recover in July
 "Retail sales touch 72 pc of pre-pandemic levels in July: RAI")
Recovery tracker: Retail, recreation visits hit pre-lockdown levels
Power generation also registers a surge; 20% higher than in 2019
 "Recovery tracker: Retail, recreation visits hit pre-lockdown levels")
Recovery tracker: Workplace visits rise to April-end levels as curbs ease
Retail & recreation visits at nearly 60% of normal times
 "Recovery tracker: Workplace visits rise to April-end levels as curbs ease")
Reliance Retail revenue up 25% in March quarter on strong recovery
Profit for the quarter also surged on the back of strong operational performance
 "Reliance Retail revenue up 25% in March quarter on strong recovery")
Retail sector sees revival in hiring as second Covid wave haunts India
Retail sector, which was severely impacted by the first wave of pandemic, has seen robust revival in hiring that saw an uptick of more than 15 per cent in March
 "Retail sector sees revival in hiring as second Covid wave haunts India")
Top headlines: Ruia out of Air India sale race, India to appeal Cairn award
IndiGo, the country's largest airline, is in talks with Airbus to finalise a deal to acquire up to five A321 converted freighters amid a burgeoning air cargo market
 "Top headlines: Ruia out of Air India sale race, India to appeal Cairn award")
India retail sector to add 25 million new jobs by 2030: Report
A lion's share will be the offline+online model, the report said
 "India retail sector to add 25 million new jobs by 2030: Report")