Page 5 - Retail Stores

Mobile retailers' body to seek govt intervention on e-commerce onslaught

A leading mobile retailers' body has claimed that unethical and monopolistic business practices of online sales platforms are jeopardising' the future of 150,000 brick and mortar smartphone retailers

Recovery tracker: Retail and recreation visits go up, shows data

Fewer passengers on flights, vehicle registrations lag 2019 by a wider margin than before

Walmart not keen on retail stores in India; to focus on Flipkart, PhonePe

American retail giant Walmart is not keen on opening direct-to-consumer physical stores in India

Reliance takes over operations of 200 Future Group's stores

Reliance Industries is in the process of transferring 30,000 Future Group employees to its staffing and manpower firm

Visa, Amazon reach global deal over payment fees

This agreement includes the acceptance of Visa at all Amazon stores and sites

SC allows Future Retail to move HC to seek resumption of NCLT proceedings

Senior advocate Harish Salve, representing Future Retail, argued that the proceedings before the NCLT have reached the stage listed at serial no 8 (meeting of the shareholders and creditors)

CarTrade Tech plans to launch 200 abSure outlets across India in 2 years

Automotive platform CarTrade Tech said on Wednesday it plans to launch over 200 abSure (Absolute Sure) retail outlets, a one-stop tailor-made retail facility, pan-India in the next two years.

Footwear retailer Metro Brands IPO receives 27% subscription on first day

The company on Thursday raised more than Rs 410 crore from anchor investors

Walmart announces MoU with MP government to train and support MSMEs

The initiative comes under Walmart Vriddhi Supplier Development Programme

Pee Safe plans to launch more than 50 retail outlets over next 12 months

The stores being planned will be franchise-owned brand exclusive stores (FOFO) and the time frame is 12 months

V-Mart Retail reports net loss of Rs 14.14 crore in September quarter

The comapany on Monday reported narrowing of net loss

To build metaverse, Meta first wants to build stores

Meta has discussed opening retail stores that will eventually span the world, said people with knowledge of the proj­ect

Shoppers Stop Q2 net loss at Rs 3.68 cr; sales up two-fold to Rs 642 cr

Retail chain Shoppers Stop Ltd on Wednesday reported narrowing of its consolidated net loss to Rs 3.68 crore for the September quarter, helped by a comeback in sales. The company had posted a net loss of Rs 97.70 crore in the July-September period a year ago, Shoppers Stop said in a regulatory filing. Revenue from operations rose over two-fold to Rs 642.07 crore from Rs 296.98 crore in the corresponding quarter of the previous fiscal. Total expenses were at Rs 714.25 crore, up 45.06 per cent from Rs 492.36 crore earlier. Shoppers Stop MD & CEO Venu Nair said, "The demand postponement triggered by the second wave of the pandemic witnessed a strong comeback in Q2." "While July was muted with multiple lockdowns and Maharashtra completely closed, August and September witnessed a sharp recovery. Our sales more than doubled and EBITDA quadrupled against last year," he noted. Moreover, the festive sales have been extremely reassuring, he said, adding sales recovered more than 100 per ..

Aug retail sales touch 88% of pre-pandemic level on festive demand: Survey

Helped by festive demand, retail sales improved in August and reached 88 per cent of the pre-pandemic levels, a survey said on Wednesday.

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

Muscle & Strength India plans to open 100 stores in the next one year

The company is eyeing to launch outlets through franchisee route with an investment of Rs 20 crore as it seeks to deepen its presence in India's growing nutritional supplement space

Amazon plans to open large physical retail stores in US: Report

The first stores are expected to be located in Ohio and California and will be about 30,000 square feet in size, which would be smaller than the typical department store

Drop in United States Retail sales underscores shift to services spending

The figures Tuesday point to a softening in third-quarter consumer spending growth.

Walmart raises forecast as people return to stores; online sales slow

The world's biggest retailer has also been given a boost by stimulus checks handed out during the pandemic

Tata gets bullish on e-commerce just as rules threaten to transform market

Tata Group is taking a more vocal interest in rules shaping online marketplaces, hinting at ambitions as it reappraises its retail strategy just as e-commerce reform threatens to muddy plans