COVID-19
Food
Dragged by extended lockdowns, FMCG sector to register flat growth in 2020: Nielsen
India's fast moving consumer goods (FMCG) sector is expected to witness flat growth in 2020 following severe and extended lockdowns, restrictions on manufacturing units, social distancing norms and store closures, according to data analytics firm Nielsen.
Earlier, on April 30,...
Food
Worldmark Aerocity re-opens its doors to renewed contactless dining experience driven by innovation
As Delhi-NCR slowly unlocks itself in phases, Bharti Realty’s Worldmark Aerocity is leading the commercial sector in innovative dinning-in experience by setting forth examples through its avant-garde solutions to COVID-19 challenges. They are leading the way in hygienic practices...
Fashion
Reliance Retail Q1 pre-tax profit down 47 pc to Rs 1,083 cr
Reliance Retail on Thursday reported a 47.42 percent decline in pre-tax profit at Rs 1,083 crore for the quarter ended June 2020, impacted by the coronavirus lockdown. The retail arm of Reliance Industries Ltd (RIL) had posted a pre-tax...
Retail Hub
Booking of time slots at shopping centres sees preferential bias
In an interesting development, results of a survey conducted by Viviana Mall across Thane and the MMR threw up some interesting revelations where patrons of the mall were subjected to a series of questions to ascertain their preferences and...
Retail
Homegrown brands experience surge in demand
The outbreak of pandemic and the ensuing lockdown across the world have shaken the very foundation of the retail industry. Even post unlocking, brands are feeling the heat, mostly due to altered consumer behaviour.
“Due to the rapid spread of...
Fashion
Apparel continues to be worst hit retail segment by COVID-19 pandemic
The apparel segment continues to be the worst hit in retail due to COVID-19 as store closures and virus-wary consumers’ have severely dented the seasonal spending. Furthermore, the rising unemployment and threat of a global recession will exacerbate the...
Research
COVID-19 prompts Indian consumers to go digital to procure essentials, discretionary items
The coronavirus pandemic has shifted focus of Indian consumers towards digital experience and they intend to use it to procure products, including discretionary purchases, going forward as the number of infections increase, says a study.
As per Deloitte Global State...
Food
Nestle India's Apr-Jun net profit up 11 pc on higher sales
IANS -
Nestle India on Tuesday reported an 11.15 percent rise in its net profit for the quarter ended June on a year-on-year basis on the back of rise in sales and lower taxes.
Its profit after tax for the April-June quarter...
Food
Marico Q1 net profit rises 23.17 pc to Rs 388 cr
FMCG firm Marico Ltd on Monday reported a 23.17 percent increase in its consolidated net profit to Rs 388 crore for the first quarter ended June 30, helped by increase in operating margins.
The company had posted a net profit...
Fashion
Maternity clothing startup MomSoon eyes over 2-fold rise in sales this fiscal
Maternity clothing wear startup MomSoon is expecting an over two-fold rise in sales this fiscal as it plans to expand retail footprints and online presence, its founder Neha Nahata has said. She, however, did not disclose revenue numbers but...
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Latest News
Zudio goes global, opens first international store in Dubai
The new store is located at Silicon Central Mall in UAENew Delhi: Tata Group-owned value retail fast fashion chain...
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