Lalit Agarwal
Food
Consumers footfall increase, average basket value goes up at retail stores in lockdown 3.0
Leading retailers have witnessed an increase in number of footfalls along with a ‘significant’ jump in average purchase value in the third phase of the lockdown. According to industry players such as Metro Cash & Carry, Lots Wholesale Solutions,...
Food
Lockdown 2.0: Consumers’ focus shifts to packaged, high-value food items
The second phase of the coronavirus lockdown saw a considerable shift in buying patterns of consumers from basic necessities to high-value items like snacks, processed food, packaged meat and frozen desserts, retailers said.
According to a PTI report: Retailers such...
Retail
Lockdown 3.0: More shops expected to re-open but confusion reigns, say retailers
Retailers and traders expect to re-open more shops from Monday under the new relaxed guidelines by the government for the extended lockdown period till May 17, although they are still seeking clarity from local authorities.
According to a PTI report:...
Food
Anticipated lockdown extension, adequate stock in place, say retailers
Retailers on Tuesday assured there is enough inventory to meet the demand during the extended lockdown period, stating they had stocked up in anticipation of such a move from the government to curb the spread of coronavirus pandemic.
According to...
Food
Retailers say enough stock if there is no panic buying; put restrictions on purchase quantity
Retailers on Wednesday said there is enough stock of essential items and groceries if people do not resort to panic buying, while some organised players put caps on items that a consumer can purchase during the lockdown.
According to a...
Retail
V-Mart Retail to open 40 stores in FY21, invest Rs 70 cr
Value fashion and lifestyle products retailer V-Mart Retail plans to invest up to Rs 70 crore to open around 40 stores in 2020-21, a top company official said.
According to a PTI report: The company already has 260 stores in...
Retail
Future Forecast: Retail industry expects growth in second half of 2020
IANS -
As economic slowdown continues to hurt sales, the Indian retail industry expects to bounce back in the second half of 2020 on the back of consumer demand revival and increased spending according to a report in PTI.While major players struggled to keep themselves...
Retail
Massive Store Closures: Retail Apocalypse or Repositioning of Retail?
The Retail Industry is going through a massive transformation globally. With changing preferences, way consumers shop has drastically evolved over the past few years. Today, shoppers demand experiences and smart brands are making an honest effort to provide them...
Who’s Who
Lalit Agarwal, Chairman and Managing Director, V-Mart Retail Ltd
Lalit Agarwal,
Chairman and Managing Director,
V-Mart Retail LtdLalit Agarwal is the Chairman and Managing Director of V-Mart Retail Ltd. He is a retail baron who has a rich experience in diverse fields of the industry. He has a proven track...
Retail
Festival sales dip 40 pc in retail stores, footfall down 60 pc
IANS -
As a consumption slowdown grips the economy, even festival season sales (September-October) have taken a massive hit this year, with sales down around 40 per cent compared to a year-ago period.The Secretary General of the Confederation of All India...
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Latest News
Reliance Retail joins hands with Department of Consumer Affairs
Celebrated annually on December 24, National Consumer Day underscores the significance of consumer rights in India’s economic landscape.New Delhi:...
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