latest retail updates
E-Commerce
Earphones, burgers most sold items on Paytm; Bengaluru with maximum orders across categories: Report
The report titled ‘Short Recap of 2023’ by Paytm se ONDC Network highlights trends in consumer behaviour and product preferences New Delhi: Earphones and burgers were the most sold items on Paytm through Open Network for Digital Commerce (ONDC) platforms, with...
Latest News
Snapdeal’s FY23 consolidated loss narrows to Rs 282 crore
PTI -
As per the company's RoC filing, the total income fell to Rs 388.1 crore in FY23, from Rs 563.5 crore in the previous fiscal (FY22)New Delhi: Snapdeal has seen its consolidated loss after tax narrow to Rs 282.2 crore...
In Focus
AI, diversity, inclusion will take centre stage in 2024: Indeed survey
PTI -
New Delhi: Employees and employers geared up to adopt artificial intelligence at the workplace, with 59 per cent of employees very confident in their ability to adapt and utilise AI tools, says a survey.According to an Indeed survey, going...
In Focus
Key retail IPOs of 2023
From a logistics firm to stationery and personal care brands, here are companies from the retail ecosystem that went public in 2023
The year 2023 has been a robust one for initial public offers (IPOs), not only in terms of...
Fashion & Lifestyle
Cinnamon Closet: Pioneering growth in women’s western wear with innovative designs
Cinnamon Closet is a women’s western wear brand that has been steadily growing since its inception in 2017, catering to the evolving customer needs of new-age womenNew Delhi:  The brainchild of Vinita Choudhary, Cinnamon Closet is a purely bootstrapped...
In Focus
Retail sector set for 10-13% growth in 2024
PTI -
Network expansion, a strong uptick in demand for premium brands, increasing traction for value brands in smaller cities and general elections will be among the key drivers for the retail sector, which is also moving from being just a...
Latest News
Gem, jewellery exports dip by 4.52% in Nov to Rs 19,018 cr: GJEPC
PTI -
Exports stood at Rs 19,917.73 crore (USD 2437.53 million) during November 2022Mumbai: The overall gem and jewellery exports witnessed a on-year decline of 4.52% in November to Rs 19,018.180 crore (USD 2,263.34 million), GJEPC said on Friday.Exports stood at...
E-Commerce
Meesho posts first-ever profitable quarter in FY24; loss dips to Rs 141 crore in first half
PTI -
New Delhi: Softbank-backed Meesho on Friday said it became the first e-commerce unicorn to post consolidated profit after tax in the second quarter ended September 2023.The company did not disclose the amount of profit it earned in the July-September...
Latest News
Voyage Eyewear appoints Sahil Sharma as director of marketing
Sharma will be responsible for driving the brand's marketing strategies and expanding its reach on a local and global scaleNew Delhi: Voyage Eyewear, a direct-to-consumer (D2C) brand offering luxury sunglasses, announced in a press release that it has appointed...
E-Commerce
CBDT clarifies applicability of TDS liability for e-retailers on ONDC
PTI -
As per the FAQ issued by the Central Board of Direct Taxes (CBDT), a 1 per cent TDS will have to be deducted from the gross sale amountNew Delhi: The income tax department on Thursday clarified the applicability of...
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QSR Chain Ajay’s targets 500 stores by 2025
The company plans to expand beyond Gujarat, into Maharashtra, Madhya Pradesh, and Rajasthan by next year and aims to...
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