Page 3 - Retail

Amazon attacks EU privacy regulators, claims their aim was punishment

The ecommerce giant told a local court in Luxembourg - where the firm has its regional hub - that watchdogs went on the attack rather than seek an amicable solution

China Nov industrial output rises 6.6%, retail sales below expectations

The data on output released on Friday by the National Bureau of Statistics (NBS) exceeded analysts' expectations for a 5.6% rise in a Reuters poll and made it the strongest growth since September 2022

P&G sales surpassed analysts' estimates as price hikes offset lower volume

Organic sales rose 7% in the quarter ended Sept. 30, the maker of Tide detergent and Pampers diapers said Wednesday. Analysts had projected growth of 5.8%, according to data compiled by Bloomberg

TCS signs with Asda in disinvestment and digital transformation deal

TCS will aid Asda in enhancing its customer experience and innovation capabilities to help increase its market share

Coupang to set up technology centre in India, begins recruitment drive

The Indian team will support the company's global technology team, sources said

Brands are using emotional AI to enhance the customer's in-store experience

As AI assumes greater significance in our lives, its deployment in offline retail will only become bigger

The Entrepreneurs' Odyssey: Infilect's success story as a global force in retail intelligence for FMCG Brands Worldwide

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Temasek scouts for opportunities in healthcare, retail and tech firms

Post $2 bn investment in Manipal Hospital, Singapore fund scouting for more investments

Amazon top seller RattanIndia Enterprises to launch private labels

Its unit, Neobrands, will be scaled up as a house of brands

Ahmedabad's Leading Retail Tech Startup Aims To Digitize Over 5 Lakh Retailers Across India

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RIL readies $2.4-3 bn Infra Investment Trust for retail warehousing assets

Reliance Industries Ltd has already begun setting the framework for the potential infrastructure investment trust (InvIT) of its warehouse assets

Eight states form committees to supervise direct selling activities

Eight states have constituted committees so far to monitor direct selling as efforts continue to boost the regulatory framework to weed out entities floating fraudulent schemes and protect the interest of direct sellers and their companies. It will help protect the direct selling industry in the respective states and provide policy clarity for the industry, said Indian Direct Selling Association (IDSA) Chairman Rajat Banerji. The Consumer Protection (Direct Selling) Rules as notified by the central government in December 2021, have a provision to set up a monitoring committee by state governments to supervise the activities of direct sellers and direct selling companies. The country's direct selling industry, estimated to be worth Rs 19,000 crore, has been facing headwinds amid instances of entities floating schemes to defraud people in the guise of direct selling activities. Governments from Andhra Pradesh, Himachal Pradesh, Madhya Pradesh, Chhattisgarh, Kerala, West Bengal, Goa a

Account aggregator framework set to change dynamics in retail finance scene

The AA framework is creating a huge marketplace - based on customers' consent for sharing data - for all manner of financial vendors

Size of retail market projected to touch $2 trillion by 2032: Report

The size of the country's retail market is expected to touch USD 2 trillion by 2032, growing from USD 690 billion in 2021, according to a joint report by Anarock and Retailers Association of India (RAI). The report by property consultant Anarock and RAI said that real estate developers plan to add nearly 25 million square feet of new mall space across seven major cities over the next 4-5 years. In 2022, these seven cities added over 2.6 million sq ft of mall space, up 27 per cent from the preceding year. "The festive season, devoid of restrictions and any fear of the contagion, was exemplary with record high volumes and sales value," Anuj Kejriwal, CEO & Managing Director - ANAROCK Retail, said. Sales value estimated during the festive season in late 2022 was Rs 2.5 lakh crore, nearly 2.5 times compared to the previous year, he said. "Further, the retail market size is expected to touch USD 2 trillion by 2032, growing from USD 690 billion in 2021, facilitating the organised retail

Indian shares rise after US retail sales data lifts global sentiment

BENGALURU (Reuters) -Indian shares opened higher on Thursday tracking global peers, after latest U.S. retail sales data signalled strength in the world's biggest economy, while a return of foreign buying in domestic equities helped sentiment.The Nifty 50 index was up 0.61% at 18,126.75 as of 9:43 a.m. IST, while the S&P BSE Sensex rose 0.62% to 61,662.59.

RBI's retail CBDC generates over 750,000 transactions so far: Deputy Guv

The RBI launched the pilot project for retail CBDC on December 1 last year

Reliance Consumer bites into biscuit market to take on Britannia, Parle

Maliban, household name in Sri Lanka, is a biscuit manufacturer well known for the last 70 years

Budget 2023-24 wishlist: Here are the key challenges in retail sector

Large consumer markets and one of the youngest demographics

Mahindra Lifespace acquires 4.25 acres of land parcel in Bangalore

The project is located just off Hosur Road and offers access to well-developed social infrastructure with educational institutes, healthcare facilities, and retail avenues in proximity

Covid won't impact fast-growing retail sector in 2023, says EY's Angshuman

The wave of consolidation is likely to hit the shores of the country's fast-growing retail industry next year also as larger players seek to strengthen their footprints, leverage technologies to improve efficiency and expand beyond metros. While the growth prospects are promising, the industry is entering 2023 with "cautious optimism" amid inflationary headwinds and concerns over spurt in coronavirus cases in different parts of the world. After learning the lessons from the pandemic-induced disruptions, the retail players will continue with their multi-channel approach and marketplaces such as B2B (Business to Business) commerce and D2C (Direct to Consumer), and also focus on diversifying their supply sources. Consultancy EY's India Leader - Consumer Products & Retail Angshuman Bhattacharya said India seems to be skipping the modern trade wave, with two of the large modern trade chains adopting a path of B2B commerce and kirana integration, with an ambition to create a ...