Page 2 - Retail Market

We take allegations of improper actions seriously, probe them fully: Amazon

The US e-commerce giant on Monday said it takes allegations of improper actions seriously and investigates them fully to take appropriate action.

Reliance Retail becomes second-largest customer of Future Consumer

Reliance Retail has become the second-largest customer of the Kishore Biyani-led Future group's FMCG arm Future Consumer, contributing over one-fourth of the total sales of the company.

PNB waives all service charge, processing fee on retail products

Punjab National Bank on Tuesday said it has waived all service charges and processing fee on retail products as part of its festival season offering.

Flipkart eyes 2X growth in 'Pay Later' offering, aims to cross 100 mn

Walmart-owned Flipkart is working on expanding its 'Pay Later' credit offering and aims to clock 2X growth over the next six months.

Dyson expands retail network to 12 stores; enters Hyderabad, Chandigarh

British tech firm Dyson on Wednesday announced expansion of its retail sales network by adding more demo stores and mall demo zones, taking its total count to 12 in the country.

Retail activity at 50% of pre-Covid levels in June despite unlocking

While key categories like personal care, jewellery, clothing and footwear continued to lag, grocery and quick service restaurants sectors recovered quickly

RIL's retail business likely to grow 3x in next 3-5 years: Report

Reliance Industries' retail business is expected to grow three times in next the next three to five years at a robust CAGR of 35-40 per cent, said a Bernstein report

Inherent strength of offline retail will remain intact in long-run: Vivo

The pandemic may have impacted the offline retail business for a few months over last two waves but inherent strength of brick-and-mortar retail will remain intact said Nipun Marya of Vivo India

Japan's retail sales rise for third month, but overall trend still soft

Retail sales jumped 8.2% in May from a year earlier, the third straight month of growth, government data showed on Tuesday, a larger rise than the median market forecast for a 7.9% gain

3x growth in 5 years, 1 mn jobs: Mukesh Ambani's blueprint for retail biz

Ambani also outlined a five-point agenda for the division as it sought to be amongst the top 10 global retailers in the next few years

New rules for e-commerce companies likely to raise compliance burden

The consumer affairs ministry proposed changes to Consumer Protection Rules, 2020

Retail sales fall 79% in May, unlock to bring relief: RAI survey

RAI expects business sentiment to improve in June as the unlock programme gets underway

Spencer's Retail sees net loss narrowing to Rs 34.53 cr in March qtr

Spencer's Retail said Nature's Basket has reported a standalone turnover of Rs 77 crore.

Retail sales decline 79% in May over pre-Covid levels in 2019: Report

Businesses across states were closed due to the second wave of the pandemic, as per a survey by Retailers Association of India (RAI)

Nayara Energy selects Hughes India to connect 3,500 retail outlets

Satellite services provider Hughes Communications India on Wednesday announced it has won a contract from oil retailer Nayara Energy to manage a satellite network solution across 3,500 retail outlets.

Modern trade to recover as Covid-19 pandemic graph slows: Nielsen

As consumption in metros begins to improve, the negative trend for modern trade could change in the months ahead, Nielsen said

Mukesh Ambani's Reliance Retail second-fastest growing retailer in world

Billionaire Mukesh Ambani's Reliance Retail Ltd has been ranked second fastest growing retailer in the world in the 2021 ranking of global retail power houses by Deloitte, down from top rank secured the previous years. It has been ranked 53rd in the list of Global Powers of Retailing, improvement from 56th earlier, according to the Deloitte report. The list is topped by US giant Walmart Inc, which retains its position as world's top retailer. Amazon.com Inc improved its position to rank second. Costco Wholesale Corporation of US slipped a rank to be placed third followed by Schwarz Group of Germany. The top 10 has seven US retailers and one from the UK (Tesco PLC at 10th position). Other US retailers in the top 10 include The Kroger Co (ranked 5th), Walgreens Boots Alliance, Inc (6th) and CVS Health Corporation (ranked 9th). Germany's Aldi Einkauf GmbH & Co. oHG and Aldi International Services GmbH & Co. oHG is placed at 8th position. Reliance Retail is the only Indian entry ..

Second Covid wave singes retail, hotel, financials and realty stocks

Many stocks in these sectors slip into 'bear market' territory

80% of high street retail mkts saw dip in rent in 2020, Khan mkt down 14%

Delhi's upscale Khan Market has witnessed 14 per cent decline in rental during the last year amid the COVID-19 pandemic and is ranked 21st in the most expensive high street retail location in Asia Pacific region, according to Cushman & Wakefield. Around 80 per cent of Indian high street retail markets experienced declines in rent during this period, the property consultant said in its latest Main Streets report. The top three most expensive cities for retail remain as Hong Kong, Tokyo and Sydney. Regionally, among the worst-impacted was Hong Kong's premier shopping district of Causeway Bay, which saw a 43 per cent fall in rent to HK$ 870 per sq ft per month. "Among Indian high streets, Khan Market saw a 14% decline in 2020 and slipped out of the top 20 most expensive markets in the APAC region," the consultant said. Khan Market continues to be the most expensive retail market in India with a rent of USD 195 per sq ft, followed by Connaught Place in the national capital. Cushman .

Japanese brand Kikkoman plans to turn the Indian palate to soy sauce

World's largest soy sauce maker enters India through fully-owned subsidiary