retail news India
In Focus
Confetti Gifts: Reimagining emotion-led gifting space
As a bootstrapped venture, the company achived a total revenue of Rs 6.28 crore in FY24Confetti Gifts, launched in 2020 by Saumya Kabra, has quickly emerged as a prominent name in the personalised and emotion-led gifting space. The brand...
D2C Buzz
Clovia eyes 50 million customers in the next 4 years
Clovia has served over five million women since its launch in 2015 and today it aims to expand its reach to 50 million within the next four yearsClovia, launched in 2015, is an Indian lingerie and apparel brand...
Latest News
Coolberg targets Rs 100 crore brand by FY26
The non-alchoholic brand's products are avilable in over 150 Indian cities and exported to more than 15 countriesBengaluru: Non-alcoholic beer retailer Coolberg is targeting to achieve Rs 100 crore revenue by the end of fiscal year (FY) 2026, as...
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LG Electronics’ Indian arm files IPO papers with Sebi
PTI -
The proposed IPO is entirely an offer for sale of 10.18 crore equity shares by promoter LG Electronics Inc with no fresh issue componentNew Delhi: LG Electronics India Ltd, the Indian arm of the South Korean company, on Friday...
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Amazon Pay surpasses 1 billion gift cards delivered in India
In 2024, the platform saw a 40% increase in gift card purchases during the Amazon Great Indian Festival compared to 2023Bengaluru: Amazon Pay, the online payments processing service by Amazon, has delivered over a billion gift cards to Indian...
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Flipkart Wholesale sees 9.5% sales surge this festive season
Flipkart Wholesale's festive sale event, ‘Diwali Shopotsav’, ran from 9 October to 1 NovemberBengaluru: Flipkart Wholesale, business-to-business (B2B) omnichannel marketplace platform of Flipkart Group, has witnessed a 9.5% sales surge during this festive season compared to the same period...
E-Commerce
43% of online shoppers frustrated with ineffective chatbots: Survey
The survey highlights that chatbots are increasingly adopted for faster responses and cost savings.New Delhi: A survey conducted by Kapture CX, a provider of AI-powered customer experience solutions, has revealed that ineffective chatbot assistance is the primary frustration for...
People
Nykaa Fashion CEO Nihir Parikh quits with immediate effect
PTI -
Parikh will continue to contribute to Nykaa Fashion as a member of its board of directorsNew Delhi: Nykaa Fashion Chief Executive Officer Nihir Parikh has resigned and has been relieved with immediate effect, the company said in a regulatory...
Fashion & Lifestyle
Abercrombie & Fitch Co expands into India through franchise partnership with Myntra Jabong
The collaboration aims to expand Abercrombie & Fitch's retail presence in India through physical stores and e-commerce platformsNew Delhi: American lifestyle retailer Abercrombie & Fitch Co. on Thursday announced a multi-year franchise partnership with Myntra Jabong, the business-to-business wholesale...
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Food processing sector attracts $368.37 mn FDI till Sep FY25
In FY24, FDI in food processing was $608.31 millionNew Delhi: The food processing sector received foreign direct investment (FDI) of $368.37 million till September of the current fiscal year, Parliament was informed on Thursday.Minister of State for Food Processing...
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Starbucks ‘fully committed’ to Indian market, says India JV Tata Starbucks
Tata Starbucks is a 50:50 joint venture between Tata Group FMCG arm Tata Consumer Products Ltd (TCPL) and US-based...
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