Page 6 - Retailers
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
 "Grofers to raise tech team pay by 33%, promises hefty ESOP allocation")
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
 "Brooks Brothers post-bankruptcy comeback focuses on casual clothes")
Amazon to Reliance Retail's Ajio, retailers roll out goodies for shoppers
Big discounts, cashback offers, early sales part of strategy
 "Amazon to Reliance Retail's Ajio, retailers roll out goodies for shoppers")
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.
 "Traders body asks Delhi govt for financial aid for lockdown-hit retailers")
Staring at huge losses, malls seek to reopen as Mumbai begins unlock
Shop timings extended but formal spaces still shut, say industry players
 "Staring at huge losses, malls seek to reopen as Mumbai begins unlock")
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%.
 "Retailers set for earnings stage after inflation-sparked market turbulence")
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.
 "UST partners with BlueYonder to improve digital services for retailers")
Complete closure in Delhi not a solution: Retailers' association
The association called for a balance between lives and livelihood.
 "Complete closure in Delhi not a solution: Retailers' association")
Restrictions likely to impact footfalls but have adequate stocks: Retailers
Retailers and FMCG makers say they have adequate stocks at stores and warehouses and are prepared to manage the situation in the wake of fresh restrictions
 "Restrictions likely to impact footfalls but have adequate stocks: Retailers")
Amazon clinches a massive win over union in key vote, says report
The vote count followed more than a week of challenges to ballots during closed-door proceedings that could influence the final result.
 "Amazon clinches a massive win over union in key vote, says report")
Competition in e-tail: Fair or unfair?
The e-commerce foreign direct investment policy doesn't sit well with the concept of competition
 "Competition in e-tail: Fair or unfair?")
GameStop soars to erase $4-billion hole as meme stocks roar
The company has made "significant changes" to its board since June 2020
 "GameStop soars to erase $4-billion hole as meme stocks roar")
Dmart stock gains as Maharashtra lockdowns build pressure on firm: Analysts
As much as 72 per cent of the company's stores reached their full strength almost in December, signaling a recovery
 "Dmart stock gains as Maharashtra lockdowns build pressure on firm: Analysts")
Retailers reach 93% of pre-Covid sales in Feb, on verge of full recovery
The retail industry's business is on the verge of full recovery, a report said
 "Retailers reach 93% of pre-Covid sales in Feb, on verge of full recovery")
Explained: Has Amazon actually broken e-commerce regulations in India?
Objections from the competition regulator and powerful retailers' associations could prompt a tightening of foreign direct investment rules for the online sellers
 "Explained: Has Amazon actually broken e-commerce regulations in India?")
Indian mobile retailers seek Amazon probe, cap on online smartphone sales
Indian retailers, a crucial part of Modi's support base, have long alleged that Amazon and Walmart's Flipkart flout federal regulations
 "Indian mobile retailers seek Amazon probe, cap on online smartphone sales")
Amazon documents reveal its strategy to dodge India's regulators: Report
Amazon internal documents show 35 of more than 400,000 sellers in India accounted for around two-thirds of its online sales in early 2019
 "Amazon documents reveal its strategy to dodge India's regulators: Report")
From discounts to gift packs, retailers win hearts of shoppers on V-Day
V-Day this year is unlike previous years. It is the first shopping occasion after Republic Day (R-Day) last month
 "From discounts to gift packs, retailers win hearts of shoppers on V-Day")
Retailers push the discount pedal on R-Day, offer rebates of up to 60%
Most categories looking to capitalise on out-of-home momentum
 "Retailers push the discount pedal on R-Day, offer rebates of up to 60%")
Lower tax on partnership firms, put special duty on etailers: Traders' body
Traders and retailers contribute about 22 per cent to the country's GDP
 "Lower tax on partnership firms, put special duty on etailers: Traders' body")