January 22 to 23, 2022 Dhaka, Bangladesh
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
