Retail chain Shoppers Stop narrowed its consolidated net loss to Rs 3.68 crore for the September quarter, helped by a comeback in sales. The company had posted a net loss of Rs 97.70 crore in the July-September period a year ago. TO READ MORE: http://www.dfupublications.com/news/retail/shoppers-stop-narrows-q2-consolidated-net-loss-to-rs-3-68-crore
Reliance Retail has acquired a controlling stake in fashion house Ritu Kumar for an undisclosed amount. Reliance Retail Ventures Ltd has acquired about 52% stake in Ritika Pvt. Ltd, the holding company of Ritu Kumar, according to a person. TO READ MORE: https://retail.economictimes.indiatimes.com/news/apparel-fashion/apparel/reliance-retail-acquires-a-controlling-stake-in-designer-ritu-kumars-company/87137790
Affle’s MAAS, a unified mobile advertising platform, and Sensor Tower (a US-based mobile app store marketing intelligence company) have jointly studied the key factors that accelerated e-commerce adoption in India and Southeast Asia. TO READ MORE: https://www.business-standard.com/article/technology/india-s-e-commerce-industry-set-to-grow-84-by-2024-says-report-121101700955_1.html
In a double win for Amazon, the Singapore International Arbitration Centre (SIAC) has rejected Future Retail’s (FRL’s) plea to lift the interim stay on its Rs 24,700-crore asset sale to Reliance Retail, the retail arm of the Mukesh Ambani-led conglomerate Reliance Industries, said a person familiar with the development. TO READ MORE: https://retail.economictimes.indiatimes.com/news/industry/siac-rejects-futures-plea-to-allow-ril-deal/87197763
Several brands and restaurants have started to share a higher percentage of revenue with malls as business has rebounded almost to pre-pandemic levels with Covid numbers declining and more people getting vaccinated. TO READ MORE: https://retail.economictimes.indiatimes.com/news/food-entertainment/entertainment/sales-rebound-retailers-start-paying-out-more-to-malls/87055041
Leading branded apparel company under the umbrella brand “Monte Carlo, Monte Carlo Fashions. has witnessed a strong demand for the Summer products in recently conducted Trade Show (Spring Summer 2022- order booking) and with sales swiftly. TO READ MORE: http://www.dfupublications.com/news/apparel/monte-carlo-fashions-sees-strong-demand-for-summer-products
American fashion retailer Levi’s beat third quarter estimates globally with demand for denims holding steady and pent-up demand for fashion apparel helping drive sales. In India, too, the company did well by renovating existing stores and adding. TO READ MORE: https://www.livemint.com/companies/people/levis-is-heading-towards-one-of-the-strongest-diwalis-in-yrs-11633978887561.html
The e-commerce players registered a whopping $4.6 billion (nearly Rs 32,000 crore) sales during the first week of the festive season — a 23 per cent on-year growth — driven by mobiles and fashion products, a new report showed on Thursday TO READ MORE: https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/e-com-players-log-4-6-bn-sales-in-india-festive-week-flipkart-leads/87034856
Retail sales in September this year were at 96 per cent of the pre-pandemic levels of the same month in 2019 as the sector shows signs of recovery, Retailers Association of India (RAI) said on Wednesday. As compared to September 2020 TO READ MORE: https://retail.economictimes.indiatimes.com/news/industry/retail-sales-near-pre-covid-levels-with-96-per-cent-recovery-rai/86990109
Commercial real estate observers said around 45 lakh square feet of mall space could be added to the Indian market this year. The mall segment, which has been battered for more than a year by the effects of the pandemic, is increasingly focusing. TO READ MORE: https://retail.economictimes.indiatimes.com/news/food-entertainment/entertainment/maharashtra-as-malls-bounce-back-small-cities-ripe-for-the-picking/86890418
