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What retailers are looking forward to in 2024

Industry leaders spanning fashion and lifestyle to home furnishing share their expectations and strategic plans for the year 2024 Bengaluru: In 2024, Indian retailers are foreseeing an expansion across various dimensions, including revenue, sales, product offerings, physical footprint, technological advancements, and...

Retailers report only 7% y-o-y growth in Oct, Nov sales 

Most retailers have indicated that the footfalls were not even equal to 2022 though the sales were just about the same as the previous year New Delhi: The retail sales in October & November 2023 showed a growth of 7%...

The Green Revolution in Retail

A look at the different initiatives taken by players in the retail ecosystem to reduce their carbon footprint New Delhi: The retail industry accounts for over 25% of carbon emissions with a majority of this occurring in the retail value...

E-commerce enabler, Unicommerce processed over 70 million order items during festive season

10 sellers successfully processed over a million order items, while more than 100 sellers processed over 1 lakh order items through the Unicommerce platform during the festive season New Delhi: E-commerce enablement platform, Unicommerce has reported a 43% rise in...

Retail industry body NRF releases principles for AI Governance

The new principle aims to bring transparency and accountability to employers and employees in the retail industryNew Delhi: The National Retail Federation, the apex body for retail in the US, has released its principles for the use of Artificial...

Patanjali Foods Q2 profit jumps over 2 times to Rs 255cr; ropes in Dhoni as brand ambassador for 2 brands

Total expenses also fell to Rs 7,510.71 crore from Rs 8,371.03 crore during the period under reviewNew Delhi: Patanjali Foods Ltd has reported over two-fold jump in its net profit to Rs 254.53 crore in the second quarter of...

With Rs 7,000 cr cash reserve, Dabur India scouting for acquisitions

The company would pursue organic growth with new brand launches in skin care and premium skin care, and the rest would be through acquisitionsNew Delhi: Homegrown FMCG maker Dabur India, armed with a cash reserve of Rs 7,000 crore, is...

FMCG industry logs 8.6 pc volume growth in Sept qtr on easing inflation: NielsenIQ

In food, the growth is primarily driven by products falling under the impulse category like salty snacks, chocolates and confectionery and habit-forming such as biscuits, tea, coffee, etcNew Delhi: The FMCG industry in India had an overall 8.6 per cent...

V-Mart Retail Q2 net loss at Rs 64 crore

V Mart's total expenses in the September quarter were at Rs 637.84 crore New Delhi, Nov 6 (PTI) V-Mart Retail Ltd on Monday reported a net loss of Rs 64.12 crore for the second quarter ended September 2023.It had incurred a...

Here’s how retailers and e-commerce platforms use Generative AI

A look at how major retailers, e-commerce giants and other players have started capitalising on the potential of Generative AI to deliver customer satisfaction and achieve more engagementNew Delhi: ChatGPT by OpenAI took the world by storm when it...
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Japan’s largest furniture and home-furnishing retail chain Nitori to open first India store in December

Nitori is targeting 3,000 global stores by 2032 and achieve a sales target of approximately Rs 1.65 lakh crore...
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