retail industry updates
Fashion & Lifestyle
Reliance Retail’s Yousta opens store in Surat
The new store is located at Reliance Mall, Udhana, Surat, Gujarat
Bengaluru: Reliance Retail’s youth fashion retail format Yousta has launched a new store in Surat, located at Reliance Mall, Udhana, a company official wrote on social media on Wednesday.
“Hey...
Finance & Funding
Jewellery brand Kushal’s raises Rs 284 crores in series B funding round
The funding will be utilised to build the brand and scale its retail presenceBengaluru: Fashion jewellery brand Kushal’s has raised Rs 284 crore in a series B funding round led by Lighthouse India Fund IV AIF, the companies said in...
Retail
India’s retail sector to more than double to $2 trillion in next decade: Report
PTI -
Stores expansions continue to happen and with increasing urbanisation, there is more consumption expected to happen in tier 1-4 citiesNew Delhi: India's retail sector is expected to grow at 9-10 per cent to reach $2 trillion in the next...
Entertainment
Multiplexes’ revenue growth to dip to 15% in FY25; OTTs crimping profit margins
PTI -
The operating profit will grow by 4% points to 14% in FY24 on the rising revenues and will widen further to 15% in FY25New Delhi: Revenue growth for multiplexes will slow down to 10-15% in FY25 from the 20-24%...
Fashion & Lifestyle
India’s super rich put 17% of investable wealth in luxury items: Report
PTI -
Among Indian UHNWIs, luxury watches are the most coveted investment category, followed by art and jewelleryNew Delhi: The Indian ultra-rich allocate 17% of their investable wealth towards luxury items, with maximum preference to watches followed by art and jewellery,...
Fashion & Lifestyle
Vismay to reach 100 stores in 2-3 years – Joseph Paul George, ED
Joseph Paul George, executive director of Vismay shares insights on the trajectory of the ethnic wear brand, strategies for growth, and targeted objectives
Bengaluru:Â Vismay's journey dates back to 2004 as it emerged under the umbrella of Novelty Textile, a wholesaler...
Fashion & Lifestyle
Fashion brand Satya Paul opens store in Mumbai
Located at Phoenix Palladium Mall, Lower Parel, the store is spread across approximately 900 sq. ft. of retail space
Bengaluru:Â Fashion brand Satya Paul has launched its latest outlet in Mumbai, the company said in a press release on Wednesday. Located...
FMCG
SC observations on ads by promoter group won’t affect business operations: Patanjali Foods
PTI -
Out of 73.82 per cent promoter stake, Patanjali Ayurved has 32.37 per cent stakeNew Delhi: Patanjali Foods, which is part of Baba Ramdev-led Patanjali Group, on Tuesday said the company's business operations and financial performance will not be impacted...
Beauty & Wellness
Honasa Consumer opens multi-brand outlet in Bengaluru
The new store is located at Mantri Square Mall, Malleshwaram, Bengaluru, Karnataka
Bengaluru:Â Beauty and personal care house of brands Honasa Consumer Pvt. Ltd has launched a multi-brand outlet (MBO) in Bengaluru located on the upper ground floor of Mantri Square...
fintech
BharatX partners with e-commerce logistics platform ClickPost
This collaboration is set to focus on increasing conversions for merchants which sell high value goods online
Bengaluru:Â Fintech startup BharatX has partnered with the e-commerce logistics technology platform ClickPost, the companies said in a joint press release on Tuesday. This...
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Rajneesh Sharma brings over 24 years of diverse experience in FMCG, fashion, retail, and manufacturing. Rajesh is dedicated to...
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