Page 5 - Retailers

Third Covid wave to trim fashion retailers' revenues by 8% in FY22: ICRA

The agency said that restrictions are expected to be limited to Q4FY22 and estimated to be around six to eight weeks

US retail sales fall to ten-month low amid shortages, Covid-19

Americans started their holiday shopping in October to avoid empty shelves,

Amid third wave of Covid-19, mom & pop stores stock up on essentials

But modern trade in wait-and-watch mode; business as usual for e-commerce players

JioMart-WhatsApp partnership to allow retailers, customers to shop via chat

Slated for launch in 2022, JioMart's conversational e-commerce push on WhatsApp will serve up catalogues from merchants and allow users to order essentials both on demand and as subscriptions

Jhunjhunwala-backed Metro Brands eyes pre-Covid margins as sales normalise

The footwear retailer has seen demand pick up across categories post the second wave of the pandemic

IPO-bound Metro Brands aims to utilise Rs 250 cr for store expansion

At present, the company has 586 stores in 134 cities spread across 29 states and union territories in India. Of these, 211 stores were opened in the last three years

Udaan reports 95% YoY growth for food, FMCG business during festive sale

B2B e-commerce says it recorded a 75 per cent jump in retailer participation during sale promotion.

SBI, NPCI, NSE likely promoters of 'open' e-platform for retailers

Network aims to curb digital monopolies

India's largest B2B e-comm firm Udaan starts 'Mega Bharat Sale' for kiranas

In view of the the upcoming festive season, the 'Mega Bharat Sale' will run from October 6 to October 12 on the Udaan platform

India, Mexico markets push Walmart international business grow 13% in Q2

US retail giant Walmart saw its operations in markets like India, China and Mexico push its international business growth by 13 per cent in the second quarter ended July 31

Amazon to soon directly address claims over faulty marketplace products

Starting September 1, users will be able to contact Amazon directly with a property damage or personal injury claim and then Amazon will connect you with the seller.

15 mn 'Covid Safety Essentials' sold across India on udaan during 2nd wave

From March onwards till the gradual decline of the second wave, a total of 6 million covid safety essentials were shipped to the states of Assam, West Bengal, Andhra Pradesh, and Bihar

Grofers to raise tech team pay by 33%, promises hefty ESOP allocation

Grofers on Monday said it will offer a 33 per cent hike in salary to its tech team effective July, along with a "hefty ESOP allocation" as the online grocery delivery platform looks to retain staff and woo more tech talent. The SoftBank-backed company, which plans to launch an initial public offering (IPO), also hinted that it has secured a new funding round. "After coming out of the second wave, and at a point where our next funding round is secure, I think it is time to kickstart a lot of initiatives that I have been waiting for the right time to begin. "We have done well so far, but we need to do better. And in hindsight, one of the most important things we could have done in the past in order to do way better is focus and invest more in tech than we have so far," Grofers CEO Albinder Dhindsa said in a blogpost. He added that tech will always be the "number one priority going forward". As per reports, Grofers is in talks for a USD 100-120 million fund raise. Admitting that Gro

Brooks Brothers post-bankruptcy comeback focuses on casual clothes

The company plans to launch an athleisure line, a product mix with other casual items and a mascot, Henry the Sheep

Amazon to Reliance Retail's Ajio, retailers roll out goodies for shoppers

Big discounts, cashback offers, early sales part of strategy

Traders body asks Delhi govt for financial aid for lockdown-hit retailers

The Confederation of All India Traders, on Tuesday, in a letter sent to Delhi Chief Minister Arvind Kejriwal, asked for a financial relief package for the city's retail shop owners.

Staring at huge losses, malls seek to reopen as Mumbai begins unlock

Shop timings extended but formal spaces still shut, say industry players

Retailers set for earnings stage after inflation-sparked market turbulence

Stocks rebounded somewhat on Thursday and Friday, putting the S&P 500's gain for the year at more than 10%.

UST partners with BlueYonder to improve digital services for retailers

Blue Yonder experts will join UST to introduce add-on capabilities for customers, companies say.

Complete closure in Delhi not a solution: Retailers' association

The association called for a balance between lives and livelihood.