Retail Sector

Currently, with increased adoption of digital infrastructure and greater use of smartphones, the direct to consumer market has picked up in a big way with more than 1.35 billion potential customers across regions.

TCS signs deal with M&S; expects $1 billion retail sector business in UK, Europe to outgrow company revenues

The country’s largest software exporter on Wednesday announced a multi-year, multi-million dollar deal with Marks & Spencer, with which it has been working for over a decade, to transform the British retailer’s human resource operations.

Retail sector: Long term looks sunny despite near-term woes

While there are near term headwinds in the form of subdued demand owing to increased prices, the long term outlook for the retail sector is bright. Market weakness should be used to add quality stocks in the portfolio

Hiring demand up 15% in April with strong recovery in retail sector: Report

India has registered an overall growth of 15 per cent year-on-year and 4 per cent month-on-month in hiring demand as a result of increased positive business sentiment, said the Monster Employment Index (MEI)– a monthly analysis of online job posting activity carried out by Monster India.

Lower discounts in coming sales season, says Shoppers Stop MD and CEO Venu Nair

Nair also spoke of the revival in sales post COVID-19 third wave, and footfalls recovering at faster than expected rate

Arvind Fashions, Metro Brands optimistic as retail sector growth returns to pre-COVID levels

Retail sales grew 28% year-on-year in March, with the removal of pandemic-related restrictions driving retail businesses.

Sanjiv Goenka Group scouts for Retail, IT sector targets

The group, with $4 billion in annual revenues, is also scouting for targets in power utilities as well as IT-enabled services, where it has already bought three companies in the past 12 months.

Bigbasket enters offline retail with 'Fresho' store in Bengaluru

With the launch, Bigbasket aims to target "the next 500 million users who have not purchased grocery online yet", the company said

CAIT appeals PM Modi to ensure 'no dilution' is made in draft of e-commerce rules

Confederation of All India Traders (CAIT) said the e-commerce companies are treating India as a banana republic having weak laws and rules. CIAT even compared the e-commerce to second East India Company who have defined mandate of emerging as masters of economic slavery.

Flipkart restructured business model to exercise control over inventory, retail prices, alleges CAIT

"Flipkart has created a system of surrogate business partners with the sole aim of bypassing the FDI policy and destroying the very traders the policy aims to protect," the traders' body alleged.

Extend one-time restructuring of MSME advances until March 31 next year, FIDC tells RBI

The Finance Industry Development Council has sought the inclusion of 'retail trade' and 'wholesale trade' as activities recognised by the Ministry of MSMEs for registration.

Hello, This is... | Coping With COVID-19: Retail blues

Pushpa Bector, Executive Director, DLF Shopping Malls, shares her insight on what shoppers can expect after the lockdown is lifted

Retail sector workers should take pride in their jobs: Smriti Irani

"There should be no sense of shame in wanting to be a retail employee. When I began my job at McDonald's, my job was jhaadu-pochha (cleaning) and my ambition, when I joined, was to stand at the cashier's position... a retail employee," she said during TRRAIN Retail Awards 2020, given to recognise exceptional customer service in the retail industry.

Next couple of months crucial for retail sector: Kumar Rajagopalan, CEO, Retailers Association of India

"Sentiments are not very positive at this point, which only adds to the difficulty. However, the silver lining is that retailers have not come to a stage where they have de-grown substantially," Rajagopalan told Moneycontrol.

Walmart-Flipkart deal to hit India's retail sector: CAIT

US retailer Walmart Inc has announced acquisition of 77 percent stake in Flipkart in its biggest takeover till date. The deal values the 11-year old Indian e-commerce firm at USD 20.8 billion.

Consumer, retail M&A deal volume dips 16% in 2017; outlook bullish: Report

According to A T Kearney's 2018 Consumer and Retail M&A Report, consumer and retail M&A deal volume declined in 2017, but is set to increase this year as strategic, cross-industry acquisitions were seen as a way to new markets.

DIPP approves 2 FDI proposals in single brand retail sector

Dyson International got an approval to carry out single brand retail trading of 'Dyson' branded products in India, it said in a statement. The investment envisaged in the range of 5 million to 10 million British pounds.

Retail to get push from rural economy, Govt reforms: Report

Besides, low level of inflation and the Government's reform initiatives are likely to provide boost to the sector in 2017, said the report by Dun & Bradstreet.

Reduction in personal tax to aid retail sector: Spykar Lifestyle

One of the major expectations and anticipated amendmentS from this Budget is the tax reform which would increase disposable income in the hands of an individual. There are expectations that there would be a revision in individual tax slabs.

Retailers seek early implementation of GST

Industry body Retailers Association of India has asked for early implementation of the GST, which will be a game changer for the Indian retail sector which is pegged to grow to USD 1.3 trillion by 2020, its CEO Kumar Rajagopalan said.

Govt mulls easing FDI norm for single brand retail

According to sources, there is a proposal to allow 100 percent Foreign Direct Investment in single brand retail sector "through automatic route" with certain conditions.

Retailers call on Jaitley, discuss steep discount by e-tailers

At a meeting with Finance Minister Arun Jaitley, Biyani discussed the issues concerning hefty discount doled out on the e-commerce platform and also foreign direct investment norms in the retail sector.

Retail sector to top $1 trillion in 5 years: PwC

India's robust economic growth and rising household incomes are expected to increase consumer spending to USD 3.6 trillion by 2020, said a FICCI-PwC report.

Aspire Systems invests in startup Ziffity

The investment is in line with Aspire's aim of providing e-commerce, digital marketing solutions and strategy consulting for the retail sector, a company release said.

Credit space for retail sector should be enhanced

"Merely by granting industry status to retail segment will not tide over its challenges and help ease the access to the credit," Micro Small and Medium Enterprises (MSME) Secretary Anup K Pujari said at the Confederation of Indian Industry (CII) National Retail Summit here.