The emergence of the omnichannel model has led to a debate in the retail industry about whether retailers should share the revenues generated through online sales that are processed on the mall premises with mall developers
"With retail inflation holding firm, downtrading in rural (areas) was still prevalent during the quarter. Urban and premium discretionary segments continued to fare better," it said in a regulatory filing.
Tata CLiQ Luxury is launching categories such as sports and fitness and home furnishings on its platform.
The shift would put more emphasis on stores in less-costly suburban locations that can also provide repairs as the company works to meet Elon Musk's goal of improving service for existing customers, many of whom have complained of long delays, they said.
Real Estate Investment Trusts (REITs) are expected to get listed on the stock exchanges to monetise not only rent-yielding office but also retail and warehousing assets.
The monthly rent for the first year is Rs 89.6 lakh and Rs 94.08 lakh from the second year onwards. The company has paid a security deposit of Rs 2.68 crore
The monthly collection ratios (MCR) of securitised pools rated by Crisil Ratings have remained ”largely unaffected” by the macroeconomic challenges, the agency said.
Speaking at the company's 45th annual general meeting, Isha Ambani, director, Reliance Retail Ventures Ltd, said that the company is setting foot in the FMCG segment with an objective of developing and delivering high-quality, affordable products.
The All India average retail price of wheat has risen by over 22 per cent to Rs 31.04 per kg as of August 22 compared to Rs 25.41 per kg in the year-ago period, according to the data maintained by the Consumer Affairs Ministry.
Electronics and fashion, which are usually the top selling categories for marketplaces, saw a slower growth compared to other categories in terms of order volume