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Brands ask shopping centres to reduce rent till business gets back to normal

Brands and retailers have asked the malls to close the commercial agreements with reduced rents linked to the trading density of the malls. A formula has been proposed in order to simplify the process and speed up the discussions, called...

Retailers upset over no govt support

Finance Minister Nirmala Sitharaman may have announced all relief and reform measures as part of the Rs 20 lakh crore economic package to tide over the coronavirus crisis, but a major segment of the economy - the retailers and...

Shopping Centres Post COVID-19: From recovery to revival

The Retailers Association of India (RAI) hosted a Webinar titled ‘Malls in a Post COVID-19 Scenario: From Recovery to Revival’, as a part of its ongoing ‘Coping with COVID-19’ series. The panel comprised thought leaders from the shopping mall and 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:...

New guidelines good start for the economy, says retailers body

Terming the new notification by the Centre as a "good start to get the economy moving", the Retailers Association of India has said it now looks forward to it being adopted by various state governments. The Retailers Association of India...

Indian retail may eventually need 'ventilator support': RAI CEO

As no economic package has been announced so far and restrictions for shops and retail stores still exist in most states across the country, Retailers Association of India's (RAI) CEO Kumar Rajagopalan feels that the condition of the retail...

Banks have done nothing to help retailers, says Retailers Association

Banks have done "sweet nothing" to provide financing to retailers to tide over the lockdown crisis, and the government intervention is needed to avoid mass unemployment in the sector, according to RAI. According to a PTI report: The retail industry...

Gradual opening up non-essential goods via e-commerce will help meet consumer demands: Flipkart

Walmart-owned Flipkart on Saturday said gradual opening up delivery of non-essential goods through e-commerce will help meet consumer demands, while easing the burden of piled up inventory of micro, small and medium enterprises amid the nationwide lockdown. According to a...

New coronavirus SOP to inflate retailers' cost up to 35 percent: Rakesh Biyani

The operating cost of retailers would increase by up to 35 percent after following the new standard operating protocol (SOP), which includes implementing social distancing and a token system at stores, introduced in the wake of coronavirus pandemic, Rakesh...

‘Provide wage subsidy, loan moratorium to retailers for 6-9 months’

As the country's retail sector is near standstill amid the coronavirus crisis and the nationwide lockdown, the Retailers Association of India (RAI) has urged the government to provide wage subsidy of up to 50 percent on salaries up to...
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Bata India aims expansion, to prioritise top 6 brands

The company's retail network now spans over 1,850 stores, including over 500 franchise stores, 650 plus sneaker studiosNew Delhi:...
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