Page 2 - Retailers

Seven & I seeking govt protection tests Japan's appetite for reform

The Japanese operator of 7-Eleven stores is seeking designation as a core company under the Foreign Exchange and Foreign Trade Act

Decathlon to invest 100 mn euros in India in 5 years to expand retail, mfg

French sports retailer Decathlon on Wednesday said it will invest 100 million euros (around Rs 933 crore) in India, its one of the fastest growing markets, in the next five years to expand retail footprint and manufacturing operations. The company expects its business to become double in next three to five years, said Decathlon India CEO Sankar Chaterjee. The company plans to have a network of 190 stores, having presence in over 90 stores in next 5 years as part of its expansion, he added. Besides, a handful of this would also be spent on enhancing the digital channel as per the omni-channel approach of the company. Decathlon will expand its manufacturing operations and increase sourcing from india for the local market and its global operations. Currently 68 per cent of the goods sold in India are locally produced. Besides, 8 per cent of Decathlon's global product range are also met through India manufacturing. "We are aiming to take the domestic manufacturing for Decathlon India

France's sporting goods retailer Decathlon to invest $111 mn in India

The retailer, which entered India in 2009, sells a host of sports accessories ranging from footballs and yoga mats to bicycles and exercise equipment

Retailers cheer as fresh stock flies off shelves during I-Day long weekend

Fresh merchandise flew off shelves for retailers during the long weekend

Retailers expect to end EOSS with a bang this Independence Day weekend

Apparel and lifestyle retailers' sales have been under pressure since the festive season last year

Govt asks retailers to cut profit margins on pulses for relief to consumers

The government on Tuesday pointed out that retail prices of tur, urad and chana dals have not declined in proportion to about a 4 per cent fall in major wholesale markets in the past one month and asked retailers to charge reasonable profit margins for providing relief to consumers. The government warned that it would take stern actions against unscrupulous speculation and profiteering by market players. On Tuesday, the Department of Consumer Affairs organised a meeting with the Retailers Association of India (RAI) here to discuss the price scenario in respect of pulses. The meeting, chaired by Nidhi Khare, Secretary, the Department of Consumer Affairs, also reviewed compliance with the stock limits for tur and chana. The meeting was attended by representatives of RAI, Reliance Retail, D-Mart, Tata Stores, Spencer's, RSPG, and V-Mart, among others. RAI has more than 2,300 members, having over 6,00,000 retail outlets in the country. According to an official statement, the secretary

Retailers advance sales as customers stayed indoors in May to avoid heat

The mid-year end-of-season sales start typically mid-June and go on till the end of July. A few pieces go on heavy discounts towards the Independence Day weekend

Indians get hooked on 10-minute grocery apps, squeezing small retailers

Swiggy warehouses are mushrooming across India to deliver everything from milk and bananas to condoms and roses within minutes - a business model that is reshaping how Indians shop

Marks & Spencer posts 58% rise in profit as turnaround plan delivers

Sales rose 9.4% to 13.1 billion pounds, with food sales up 13.0% and clothing and homewares up 5.3%

Retail giant Walmart to fire hundreds of corporate staff, relocate others

Walmart employed approximately 2.1 million associates as of Jan. 31, 2024, according to regulatory filings

E-commerce majors Amazon, Flipkart flouted antitrust laws: CCI probe

Competition regulator to soon share report with firms

On road to IPO, Udaan saw sales of over 2.25 billion products in 2023

1,500 sellers reach Rs 1 cr in transactions on eB2B platform

Centre tightens wheat stock limit for wholesalers, big chain retailers

The government on Thursday tightened wheat stock holding norms for wholesalers, big chain retailers and processors to curb hoarding and check price rises. According to the food ministry, traders and wholesalers are now allowed to maintain wheat stock of up to 500 tonnes instead of 1,000 tonnes, while big chain retailers can hold 5 tonnes in each outlet and total 500 tonnes at all their depots instead of 1,000 tonnes. Processors will be allowed to maintain 60 per cent instead of 70 per cent of their monthly installed capacity multiplied by the remaining months till April 2024, the ministry said in a statement. The stock limits on wheat were imposed on June 12, 2023, applicable till March this year in order to manage the overall food security and to prevent hoarding and unscrupulous speculation. The ministry said all wheat stocking entities are required to register on the wheat stock limit portal (https://evegoils.nic.in/wsp/login) and update the stock position on every Friday. Any

Retailers expect to shrug off January blues over Republic Day weekend

Electronics and consumer durables are also expected to witness a rise in sales and customers are expected to pick-up more mobile phones this long weekend

E-commerce firm Meesho says added 25,000 non-GST sellers in 2 months

Company says it is 'committed' to goal of goal of digitising 10 million sellers by 2027

Retail broking industry's top line set for a five-year leap: Bain & Company

Rides the wave of mass affluence, financial literacy, and digital revolution

Deals and discounts make a comeback as Black Friday sale catches on

The flagship e-commerce initiatives of the Tata Group-Tata CLiQ, Tata CLiQ Luxury, and Tata CLiQ Palette are hosting their annual and much-anticipated Black Friday Sale

Over 80% Indian retailers do not see e-commerce as threat: Report

A majority of Indian retailers surveyed do not feel e-commerce is threatening their operations, with only 18 per cent saying that their sales have been impacted by online selling platforms, claims a study. The top industries witnessing the highest contribution from offline sales are FMCG & Retail (97 per cent), Food & Beverage (95 per cent), and Consumer Durable & Electronics (93 per cent). MSME-focused digital lender in India NowGrowth surveyed around 3,000 Indian retailers and shoppers across more than 25 top cities in India, wherein it was found that at-home delivery remains a top priority for shoppers, with 60 per cent of offline retailers receiving customer requests to start home delivery services. Physical stores remain the most popular mode of shopping for Indians despite the proliferation of online marketplaces. The ability to touch and feel the product is the top reason for the popularity of in-store shopping. Around 54 per cent prefer offline shopping due to the .

After Mumbai, UNIQLO India may consider opening stores in Pune next

After expanding in the north, the Japanese retailer is set to open its first store in Mumbai on October 6 and still believes there is room to open more stores within the city

Retailers in UK demand immediate action to stop wave of shoplifting

Tesco recently started offering body cameras to its staff for better protection and Aldi is currently trialling the idea