retail industry growth
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...
E-Commerce
Consumer commission imposes Rs 35,000 fine on Amazon, retailer
PTI -
The commission has also directed Amazon to provide a foolproof and transparent grievance redressal mechanism to customersNew Delhi: Observing that Amazon does not have an appropriate grievance redressal mechanism and has "one-sided oppressive" sale terms, a consumer commission here...
Entertainment
Smaaash mulls VR-only arcades in future: Consulting CMO Avanish Agarwal
Avanish Agarwal, Consulting CMO, Smaaash sheds light on business, expansion plans and moreNew Delhi: Established over a decade ago, Mumbai-based Smaaash Fun Gateway Arena Pvt Ltd, which operates 18 centres across India, plans to focus on expansion in tier...
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...
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IR Smart Class: Identity As a Service (IDaaS) Simplified
An explainer on Identity and Access Management-As-A-Service (IDaaS) in the context of retailRetail organisations have to deal with mountains...
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