Indian Retail Industry
E-Commerce
EBITDA positive for last two quarters, says Myntra
PTI -
Myntra said it has been growing notably faster than the online fashion market since the second half of CY2023, with GMV growth nearing two times of the market during the recent festive seasonNew Delhi: Fashion e-commerce platform Myntra said...
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DPIIT plans to engage consultant to prepare logistics report for 3 years
PTI -
Every year, the department releases a Logistics Ease Across Different State (LEADS) report, ranking states and Union Territories (UTs) on the basis of their logistics ecosystemNew Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) is...
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Toys“R”Us enters Bengaluru
Located at Bhartiya Mall near Hebbal, the new Toys“R”Us outlet is spread across 6,200 sq. ft. of retail areaBengaluru: Retail tech company Ace Turtle has launched the first Toys“R”Us store in Bengaluru, third in India, the company said in...
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Coca-Cola’s largest bottler SLMG appoints Costin Mandrea as CEO
PTI -
Mandrea, who has over 25 years of experience in the beverage industry, has held key leadership positions at Coca-Cola Bottling System in Western and Central Europe, Russia, and JapanNew Delhi: SLMG Group, the largest independent bottler of Coca-Cola in...
Finance & Funding
Subko raises $10 million from Nikhil Kamath, Gauri Khan, John Abraham
PTI -
The funds will be used to enhance the talent pool, develop tech-enabled customer experiences, bolster product and design research and development, and launch ready-to-drink coffee productsNew Delhi: Subko, a specialty coffee roaster and craft bakehouse based in Mumbai, has...
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Advertising body ties up with CCPA to check misleading ads
PTI -
The CCPA has requested ASCI to forward any advertisement that is non-compliant with the ASCI Code and could potentially violate the Consumer Protection Act, 2019, along with its accompanying guidelinesMumbai: The Advertising Standards Council of India (ASCI) on Tuesday...
Fashion & Lifestyle
Flyrobe opens 2nd franchise store in Bengaluru
Located at Malleshwaram, the new outlet is spread across 2,300 sq. ft. of retail space
Bengaluru: Fashion rental platform Flyrobe has launched its second franchise store in Bengaluru, the company said in a press release on Tuesday. Located at Malleshwaram, the...
Fashion & Lifestyle
Shoppers Stop’s Intune opens 2 new stores
Intune’s 17th store is located at Pattom in Thiruvananthapuram, Kerala, while its 18th store is at Eva The Mall, Vadodara, GujaratBengaluru: Department store chain Shoppers Stop’s value fashion format Intune has launched its two outlets, one in Gujarat and...
People
Simpl onboards Prateek Chugh as Vice President- D2C Business
Prateek Chugh will play a pivotal role in expanding Simpl's D2C arm by implementing sales strategies, cultivating crucial merchant partnerships, and executing strategic business initiatives. New Delhi: Fintech startup Simpl has appointed of Prateek Chugh as its Vice President of...
Food & Beverage
Mother Dairy expects 30% demand surge this summer for milk products: MD Manish Bandlish
PTI -
Currently, the company has nine company-owned dairy processing plants with a total capacity of more than 50 lakh litres per dayNew Delhi: Mother Dairy will launch this summer 30 new products, mainly in ice cream and yoghurt categories, as...
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Ambani unveils growth roadmap for Reliance, co to double in size by 2030
The company is aiming to double revenues and pre-tax profit in 3-4 years with its new energy business becoming...
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