Retail Companies

Result preview: Retailers' revenue likely to edge up in weak Q4FY25

Brokerages estimate the consumer discretionary segment to outperform the staples sector

Croma appoints Shibashish Roy as new CEO and MD, effective April 1

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

Tata, Reliance, DMart in talks to acquire 24Seven from Godfrey Phillips

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

Demand threads a delicate weave for most apparel retail companies

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

Result preview: Subdued festival sales may reflect in Q3 retail numbers

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

CMS Info Systems reports 9.3% growth in retail consumption trends

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

Retail cos expected to witness muted growth in Q3 after weak demand in Q2

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

Expecting high demand, QSRs, retail companies expand their workforce

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

Kishore Biyani's Future: The rise and fall of India's retail tycoon

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

Reliance Retail may convert Metro Cash & Carry stores into B2B outlets

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

Retail CBDC a game-changer, should improve monetary transmission: SBI chief

Anonymity factor is critical for its acceptance, asserts Dinesh Khara

Relief for directors of retail firms as govt amends Legal Metrology rules

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

General merchandise and apparel growth key for DMart's margin gains

The retailer's revenues in Q2 were lower than estimates

Start-ups collaborate with chemists, shake up offline pharma business

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

US Fashion brand Gap returns to India, signs deal with Reliance Retail

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

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

Profit dips for Australia's Wesfarmers after perfect pandemic storm

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

Demand recovery, expansion plans may keep apparel retailers in fashion

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

Bata expects 30% stores to be run on franchise model in about 4 years

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.

Walmart to pay college, book costs for full and part-time employees

By Hilary Russ