retail industry updates
Fashion & Lifestyle
V-Mart Retail Q3 profit up 41.3% at Rs 28.23 crore
PTI -
Its revenue from operations was up 14.43 per cent to Rs 889.05 crore during the quarter under review. It was at Rs 776.88 crore in the corresponding quarterNew Delhi: V-Mart Retail Ltd on Monday reported a 41.36 per cent...
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Nexus Select Trust posts Rs 107 crore profit in Dec quarter
PTI -
The company announced the distribution of Rs 303 crore to unitholders in the form of interest and dividendNew Delhi: Nexus Select Trust -- the country's first retail space-backed REIT-- on Tuesday reported a consolidated net profit of Rs 106.85...
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Nykaa Q3 net profit almost doubles to Rs 16 crore
PTI -
The company's net profit stood at Rs 8.19 crore in the corresponding quarter of the previous yearNew Delhi: Lifestyle e-commerce platform Nykaa on Tuesday reported a 97.55% rise in its consolidated net profit to Rs 16.18 crore for the...
Fashion & Lifestyle
Shoppers Stop’s value format Intune opens 2 stores in South India
The new outlets are situated in Maharashtra and TelanganaBengaluru: Department store chain Shoppers Stop has launched two outlets of its value fashion format Intune in South India, a company official wrote on social media. The outlets are situated in...
Fashion & Lifestyle
Malabar Gold & Diamonds enters Australia
Located at 109 Wigram Street in Harris Park within the Little India Precinct, the new outlet will be the largest jewellery showroom in Sydney
Bengaluru:Â Malabar Gold & Diamonds has entered Australia with its new showroom in Sydney marking its expansion...
Food & Beverage
Gopizza to reach 100 store mark by the end of 2024
The brand has recently launched its 50th store in India marking 200 stores globallyBengaluru: South Korean pizza brand Gopizza is planning to reach 100 outlets by the end of 2024 in different regions of India and surpass the milestone...
Finance & Funding
Digital commerce platform OTO raises $10 million from cricketer K L Rahul, others
PTI -
The investment is aimed at expanding the company's presence to over 30 cities and strengthening its existing partnershipsMumbai: Digital commerce platform OTO on Tuesday said it raised $10 million (around Rs 83 crore) from a clutch of investors, including...
Food & Beverage
Govt plans to do away with multiple certifications for food products; only FSSAI nod mandatory
PTI -
FSSAI will issue a draft notification in this regard and will seek stakeholders’ comments before finalising the amendmentsNew Delhi: The government has approved various amendments in food safety and standard regulations, under which only one certification from food regulator...
Fashion & Lifestyle
Apparel Group’s fashion brand R&B opens 6th store in Bengaluru
Situated at HSR Layout, the stand-alone store is the 18th retail outlet of R&B in IndiaBengaluru: Fashion brand Rare and Basics (R&B), owned by Apparel Group has launched its new store in Bengaluru, wrote the retail conglomerate Apparel Group...
Entertainment
Reliance launches Hamleys Play store in Hyderabad
The new outlet is located at Inorbit Mall, Madhapur, Hyderabad, TelanganaBengaluru: Reliance-owned multinational toy retailer Hamleys has launched the latest Hamleys Play store in Hyderabad, according to a company official’s social media post. The outlet is located at Inorbit...
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Indian consumers prefer ‘offers’ faster online than offline: Report
The research reveals that online buyers are more price sensitive and avail more offers compared to offline buyersBengaluru: As...
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