Page 4 - Retail Stores

Trent rallies 7% to hit a new high in a tepid market on strong Q1 results

Brokerages estimate that Trent's robust performance during challenging times and industry leading performance will continue to warrant premium valuations

Retail chain Shoppers Stop Q1 consolidated profit down 36% to Rs 14.5 cr

Retail chain Shoppers Stop on Monday reported a 36.5 per cent decline in consolidated net profit to Rs 14.49 crore in the June quarter. The company had posted a net profit of Rs 22.83 crore in the April-June period a year ago, Shoppers Stop said in a regulatory filing. Revenue from operations in the first quarter of this fiscal was at Rs 993.61 crore, up 4.76 per cent against Rs 948.44 crore in the year-ago period. Its total expenses in the June quarter were at Rs 980.92 crore, up 6.43 per cent. As per its latest annual report, the company operates 270 retail stores, including 98 departmental stores, 132 speciality beauty stores of MAC, Est e Lauder, Bobbi Brown, Clinique, Jo Malone, Too Faced, SS Beauty, and 23 Airport doors. Shoppers Stop shares on Monday settled at Rs 761.90 on the BSE, down 2.4 per cent from the previous close.

Future Retail insolvency proceedings: NCLT extends deadline to Aug 17

The debt-laden firm has requested multiple extensions in the past

China's Xiaomi bets bigger on India retail stores amid Samsung rivalry

But while 44% of India's smartphones sales are now online, the brick-and-mortar segment remains the bigger play and Xiaomi expects it to grow further

Online retail market to grow 2.5x faster than offline till 2030: Deloitte

The overall offline market, however, will continue to be the bigger market, with a total value of $1,605 billion in 2030

Urban Ladder to double its retail store presence in India by March 2024

Furniture and home decor brand Urban Ladder, which on Wednesday opened its 50th store, said it plans to double this store count by March 2024. The company, which opened its latest store in Kolkata, has rapidly scaled up its offline presence in the last nine months as it was operating only 13 stores until June 2022. "... the company plans to expand its retail stores in 32 cities by 2023 and aims to double this number by March 2024," Urban Ladder said in a statement. Starting its journey as an online brand, the company would continue to strengthen its presence in the e-commerce segment. "The world of e-commerce is rapidly expanding, and Urban Ladder also aims to strengthen its online presence through UL.com and Jiomart," it said. Urban Ladder Chief Business Officer Nishant Gupta said the company has a robust expansion plan to cater to consumers across various metro and non-metro markets. "Our customers have always supported and motivated us to create unique offerings and every comp

The webrooming phenomenon: Research online, purchase offline

Webrooming theory states that some consumers do their research online but then end up purchasing the product offline, in a physical retail store

Upcoming retail trade policy to help brick and mortar traders: Centre

The Centre plans to come out with a retail trade policy which would provide more credit and better infrastructure to brick and mortar traders

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

FRAI appeals Centre to cut high taxes on daily goods to stem illicit trade

FRAI made a representation to Finance Minister Nirmala Sitharaman with an appeal to protect the interests of its 80 lakh retailers

Spencer's Retail casts net wide to reel in value-conscious consumer

Hypermarket chain to focus on tier III, IV cities, launch to be held in phases

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

Michael Kors launches Qualcomm 4100+ chip-powered Camile Gen 6 smartwatch

Michael Kors Camile Gen 6 starts at Rs 22,995. The smartwatch is available for purchase on select online and offline retail stores

Flipkart veteran building unified shopper identity across stores

Flash is creating a digital identity that power shoppers can use across retail sites

Offline, online sales soar as shoppers clamour for best Black Friday deals

Retail brands and malls expect sales to grow by as much as 50% this time over the 2019 figures, when Black Friday as a concept began gaining momentum in India

Reliance may retain Metro India's top management post-acquisition: Report

The acquisition includes 31 wholesale distribution centres, land and other assets owned by Metro

Shoppers Stop posts net profit of Rs 18 cr in Q2; revenue jumps 59%

Shoppers Stop reported a 60% jump in its second-quarter revenue on rebounding demand for clothes and shoes even as its move to spend heavily on fresh stock ahead of the festive season pressured profit

Reliance Retail's brand partnerships increase three-fold in the past decade

A Business Standard analysis found that while the number of Reliance retail stores has grown fourfold in six financial years, this growth has not been uniform

Reliance Retail's fashion-lifestyle store AZORTE to take on Zara, Mango

The company plans to ramp up the store presence across key markets over the coming months

Reliance Retail launches lifestyle departmental store format Centro

Will have over 300 Indian and International brands in categories such as apparels, footwear, cosmetics, lingerie, sportswear, luggage and accessories