Page 6 - Retail Market

Tyremaker Bridgestone looks to expand retail footprint in India this year

Tyre maker Bridgestone is looking to expand its retail footprint in India by 20-25 per cent this year and is aiming to grow higher than the industry's growth, a top company executive has said. Bridgestone India at present has over 3,200 dealerships across 1,300 cities and towns in India. Bridgestone India, which is a subsidiary of Japanese multinational tyre manufacturer Bridgestone Corporation, has a well-diversified portfolio, mainly of radial tyres which cater to OEM as well as replacement segments. Bridgestone India has been increasing its market penetration over the last few years. In 2022, we increased our retail footprint by 11 per cent, expanding to an additional 218 towns. This year we are looking to increase our overall retail network by 20-25 per cent, Bridgestone India Managing Director Stefano Sanchini told PTI in an interaction. The company is expanding its distribution network to enhance the coverage across tier-III/IV cities giving it a larger footprint in the ...

ONDC aims to hit 100,000 daily orders in the next few months: Report

The goal of 100,000 daily orders is expected to occur over the upcoming few months as network participants (NPs) adopt a new set of network specifications

Walmart looking at sourcing toys, shoes, bicycles from Indian suppliers

US-based retail giant Walmart is looking to source toys, shoes and bicycles from Indian suppliers as the company is targeting to increase its exports from India to USD 10 billion annually by 2027. The company also wants to develop new suppliers in categories such as food, pharmaceuticals, consumables, health and wellness, and apparel and home textiles, a company spokesperson told PTI. Officials from the Bentonville-headquartered firm recently held a virtual meeting with several domestic toy manufacturers here. The company informed toy makers about their requirements and expected quality standards as it is directly engaging with the domestic toy makers for sourcing. Global retailers such as IKEA are already sourcing toys from India for their international operations. The move is significant and highlights India's growing strength in the toy industry, especially since India was a net importer of toys until a few years ago. Confirming the development, a company spokesperson said: ..

IHCL, Kamat: Hotel stocks at 52-week high; check out the trading strategies

Shares of Kamat Hotels India are on the course to double this year, while Royal Orchid Hotels and Oriental Hotels have both gained 30 per cent each.

Retail inflation for industrial workers eases to 5.79% in March

Retail inflation for industrial workers eased to 5.79 per cent in March compared to 6.16 per cent in February this year, mainly due to lower prices of certain food items. "Year-on-year inflation for the month stood at 5.79 per cent compared to 6.16 per cent for the previous month (February 2023) and 5.35 per cent during the corresponding month (March 2022) a year before," an official statement said. Similarly, it stated that food inflation stood at 5.02 per cent against 6.13 per cent in the previous month and 6.27 per cent during the corresponding month a year ago. The All-India CPI-IW (Consumer Price Index for Industrial Workers) for March 2023 increased by 0.6 points and stood at 133.3 points. It was 132.7 points in February 2023. On one-month percentage change, it increased by 0.45 per cent with respect to the previous month compared to a rise of 0.80 per cent recorded between corresponding months a year ago. The maximum upward pressure in the current index came from the fuel &

GAIL, BEL, GMDC: Bullish PSU stocks may see up to 20% upside

Despite benchmark indices witnessing corrective phases in recent months, GAIL (India) and Power Grid Corporation of India, in particular, have been entering uncharted territories effortlessly.

Retailers planning to roll-back discounts offered during Covid-19 pandemic

It is important to note that retailers across the board started offering steep discounts and also ran sudden flash sales in their stores to liquidate stocks during the Covid years

TRAI cracks unauthorised telemarketers; directs cos to stop headers misuse

Telecom regulator TRAI on Thursday cracked down on unauthorised, pesky promotional messages by telemarketers as it issued directions to telecom operators to act swiftly to stop the misuse of headers and message templates. To stop the misuse, the regulator has directed access service providers (telecom operators) to reverify all registered headers and message templates on Distributed Ledger Technology (DLT) platform and block all unverified headers and message templates within 30 and 60 days respectively. Telecom operators have also been asked to ensure that temporary headers are deactivated immediately after the set time duration. "... Remove confusions among recipients of message and prevent their misuse, no look-alike headers (headers which are similar by virtue of combination of small case or large case letters) are to be registered by access providers in names of different Principal Entities," TRAI said. To curb messages from unauthorised or unregistered telemarketers, includin

Leasing of retail space across 8 cities rose 21% last year, says CBRE

Leasing of retail real estate space during last year rose 21% to 4.7 million square feet across eight major cities mainly on rising demand from Food and Beverage (F&B), fashion and apparel retailers

Consumer companies push deal activity to 25-year high in 2022, shows data

Many small brands swallowed up in catch-up acquisition spree

Singapore's retail sales grew 6.2% year-on-year in November 2022

DOS of Singapore announced that the country's retail sales grew by 6.2 per cent year on year in November 2022, following the about 10.3 per cent year-on-year increase recorded in the previous month

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

Sebi planning 'micro' REITs to bring property companies to nascent market

'The regulator is considering reducing the size of REITs, allowing them to hold just a single asset or a diversified portfolio, to increase supply and flexibility for investors'

MCD poll: Wholesale, retail markets to remained closed on Sunday, says CTI

All wholesale and retail markets in the national capital will remain closed on December 4 in view of the civic body polls here, a traders' body said on Saturday. The Chamber of Trade and Industry (CTI) said popular markets, including Lajpat Nagar, Gandhi Nagar, Krishna Nagar, Kamala Nagar, Karol Bagh, Laxmi Nagar among others will remain closed. Elections to the Municipal Corporation of Delhi (MCD), spanning 250 wards, will be held on December 4 and voting will take place on December 7. Around 40,000 police personnel, 20,000 home guards as well as 108 companies of paramilitary and state armed police forces will be deployed to ensure smooth conduct of the MCD election, officials said. Sixty drones will also be used to ensure law and order in sensitive areas, they said.

India jewellery industry up 60% from pre-Covid level in Q2FY23: Icra

On a year-on-year (YoY) basis, the demand for jewellery in India contracted 2 per cent

Indices rebound on global cues despite high US inflation; Sensex rises 1.2%

Dip in dollar, bonds, and oversold markets boost global equities

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

Electronics Mart IPO subscribed 1.7x on Day-1 on retail, QIB interest

The firm is looking to raise Rs 500 crore from the IPO to fuel its store and warehouse expansion plan

India's offline market for smartphones grew 44% in H1 2022: Report

Sale of smartphones priced above Rs 20,000 has increased more than two-fold in five years

Supreme Court to hear Amazon's appeal against NCLAT order on October 11

CCI had suspended the 2019 investment deal between Amazon and Future group firm (Future Coupons) and NCLAT had upheld CCI's decision