Business Standard

Retail In Tier-ii Cities

Festive retail growth down by half, Nomura notes strong online demand

While retail sales, both online and offline, saw some increase during the festive season, the overall growth was slower compared to prior years

Festive retail growth down by half, Nomura notes strong online demand
Updated On : 06 Nov 2024 | 10:02 AM IST

Impresario to add 10-15 'Social' outlets yearly; targets tier-2 cities

Impresario Entertainment and Hospitality, which operates the restaurant Chain 'Social', is looking to add 10 to 15 new brand outlets annually, especially in tier-2 cities, as part of its expansion plan, said its founder and MD Riyaaz Amlani. The company, which also operates restaurant brands like Smoke House Deli and Mocha, remains bullish and optimistic about its growth in India, led by various factors, such as demographic dividend and increasing appetite for premium experiences. "In the overall food services market, quick service restaurants (QSR) and casual dining restaurants (CDR) are the strongest lever of growth. Our trailblazer brand, Social, sits at the confluence of a cafe and a bar and comes under the CDR category, with immense potential for growth in this segment," Amlani told PTI. Impresario is planning to open 10-15 new Social outlets annually on the back of its experience. The company has seen a double-digit revenue growth this year (FY24) compared to FY23, he noted.

Impresario to add 10-15 'Social' outlets yearly; targets tier-2 cities
Updated On : 14 Apr 2024 | 11:40 PM IST

Tier-II cities see surge in medical consultations, outpacing metros: Report

Metro cities also experienced a surge in medical consultations, with Mumbai leading at 92.07 per cent, followed by Hyderabad at 91.63 per cent and Chennai at 83.4 per cent

Tier-II cities see surge in medical consultations, outpacing metros: Report
Updated On : 15 Feb 2024 | 6:54 PM IST

UPI transactions up 118% in semi-urban, rural retail stores in 2023: Study

UPI is a driving force in the overall growth of digital payments in India, says government separately

UPI transactions up 118% in semi-urban, rural retail stores in 2023: Study
Updated On : 20 Dec 2023 | 3:17 PM IST

Retailers, mall developers eye growth beyond metro cities, says report

Growing internet usage has whetted the appetite for quality products in these cities and has given a fillip to e-commerce too

Retailers, mall developers eye growth beyond metro cities, says report
Updated On : 20 Oct 2022 | 12:19 AM IST

Tier-II cities to usher in second phase of retail revolution

Vantage point: Insights from cutting-edge research

Tier-II cities to usher in second phase of retail revolution
Updated On : 04 Dec 2017 | 12:12 AM IST