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Showing posts with the label Retail News

CORPORATE FRANCHISE BUSINESS OPPORTUNITY IN INDIA

Tata Sons ends debt support for new businesses, focus on independent financing

Tata Sons has instructed its group companies to manage their own debts without relying on cross-default clauses or letters of comfort. Future funding for new ventures will come from equity investments and internal accruals. Banks are confident in extending credit due to the financial stability and equity stakes held by Tata Sons in these companies. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/industry/tata-sons-ends-debt-support-for-new-businesses-focus-on-independent-financing/116979579

Adani Wilmar Q3 Update: Revenue jumps 33% YoY aided by volume growth

The edible oils segment of Adani Wilmar saw consumer downtrading, but the company retained its market share through a diverse brand portfolio across price points. In the foods category, key packaged products like wheat flour, rice, nuggets, pulses, poha, and sugar achieved strong double-digit growth, according to the update. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/food-entertainment/personal-care-pet-supplies-liquor/adani-wilmar-q3-update-revenue-jumps-33-yoy-aided-by-volume-growth/116971250

Sequential uptick, operating profit growth to be 'modest' as higher input costs impact Q3: Marico

Marico expects a "higher-than-anticipated gross margin contraction" as key inputs faced 'higher-than-expected' inflation, said the homegrown firm which is the maker of Saffola, Parachute, Hair & Care, Nihar and Livon etc. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/food-entertainment/personal-care-pet-supplies-liquor/sequential-uptick-operating-profit-growth-to-be-modest-as-higher-input-costs-impact-q3-marico/116931965

Zepto plans IPO filing by March-April; Singapore nod in for moving domicile

Zepto is preparing to file for an IPO by March-April 2025 and has received approval to move its holding entity from Singapore to India. The company is also finalising independent directors and deliberating on IPO size and bankers. It aims to become the first independent quick commerce firm to go public amid scrutiny over local FDI compliance. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/zepto-plans-ipo-filing-by-march-april-singapore-nod-in-for-moving-domicile/116931904

Zepto sets up new marketplace entity amid restructuring

Setting up Zepto Marketplace Pvt Ltd is part of the restructuring of the quick commerce firm to align with India's regulatory norms. It signals a potential shift from its B2B2C structure to a marketplace approach, allowing Zepto to oversee procurement and branding while the licensees will handle retail operations and customer interactions. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/zepto-sets-up-new-marketplace-entity-amid-restructuring/116901699

India aims to double organic food exports to $1 bln

India aims to surpass $1 billion in organic product exports by next year, with significant growth in the last decade. The country is working on MRAs for delicate exports like fisheries. Tobacco exports are projected to grow 8% to over Rs 13,000 crore this year, maintaining controlled production. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/food-entertainment/grocery/india-aims-to-double-organic-food-exports-to-1-bln/116871088

GST collection growth slows in December show

India's GST collections rose 7.3% to `1.77 lakh crore in December compared to the previous year. This growth slowed from an 8.5% increase in November. The post-festive season slump and consumption slowdown are factors. Experts expect a pickup in the March quarter. The government's budget may include measures to boost consumption. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/industry/gst-collection-growth-slows-in-december-show/116871059

#25 For 2025: Will businesses accept the 10-min delivery challenge?

Similar to past generations seeking better lives, quick commerce will continue to adapt and expand, offering faster access to a variety of products. Blinkit plans to open a store in Jaito by 2025, aiding many families. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/25-for-2025-will-businesses-accept-the-10-min-delivery-challenge/116845416

Quick commerce companies quizzed by government over FDI, operating model

Senior executives from Blinkit, Swiggy Instamart, Zepto, and Bigbasket met with Indian government officials. They discussed warehouse ownership, compliance with FDI norms, and the impact on kirana stores. The officials expressed concerns about delivery safety and competition for small shops. Representatives argued their services supplement demand. Quick commerce firms are growing rapidly and raising capital. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/quick-commerce-companies-quizzed-by-government-over-fdi-operating-model/116845711

Gold, Silver demand to surge in 2025—Gold price set to hit Rs 85,000

Jewellers expect a significant growth in gold and silver demand by 2025, with gold potentially touching Rs 85,000 per 10 gm. Key drivers include rising awareness of sustainability, strong wedding demand, and geopolitical tensions. Despite price increases, India's gems and jewellery market is anticipated to grow, driven by both local and global consumer demand. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/apparel-fashion/jewellery/gold-silver-demand-to-surge-in-2025gold-price-set-to-hit-rs-85000/116845629

New Year’s Eve: Quick commerce, food delivery firms post record orders

Quick commerce and food delivery platforms, notably Blinkit and Swiggy Instamart, saw record orders on New Year’s Eve, surpassing previous peaks during festive seasons. Bengaluru led in order volumes, with platforms like Curefoods and Rebel Foods experiencing significant growth. Unexpectedly, items like grapes and ice cubes saw a dramatic rise in sales. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/new-years-eve-quick-commerce-food-delivery-firms-post-record-orders/116845869

D2C fast-fashion brand TIGC betting big on offline expansion, sets sights on global markets

The Indian Garage Co. (TIGC) has entered into offline retail with plans to establish 100 stores over two years. Adopting a COCO model initially, the firm will later expand through franchises. TIGC aims for profitability and sustainable growth, with future plans to enter international markets and diversify its product categories. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/apparel-fashion/apparel/d2c-brand-tigc-betting-big-on-offline-expansion-sets-sights-on-global-markets/116801641

Curefoods buys distribution rights for Krispy Kreme from Landmark Group

This acquisition is part of a larger deal in which Landmark Hospitality Services has invested an undisclosed amount in Curefoods' recent USD 40 million fundraise. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/food-entertainment/food-services/curefoods-buys-distribution-rights-for-krispy-kreme-from-landmark-group/116817793

Gig worker demand set to rise sharply on New Year’s Eve

While New Year's Eve is among the best days in a year for food delivery platforms, quick commerce and dining out categories also witness a surge in consumption on this day. During this high-demand period, delivery platforms offer incentives for gig workers to operate. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/food-entertainment/food-services/gig-worker-demand-set-to-rise-sharply-on-new-years-eve/116814559

ETtech State of Startups survey predicts revival in private funding, more IPOs in 2025

Indian startups are predicting increased private funding and tech IPOs for 2025. Industry leaders foresee a shift towards profitability and public listings, with many startups preparing for IPOs. VC interest in AI, consumer brands, and deep tech remains high. Startups expect less restructuring and emphasise corporate governance amidst evolving regulations. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/industry/ettech-state-of-startups-survey-predicts-revival-in-private-funding-more-ipos-in-2025/116782577

Leadership shakeups of 2024: Key appointments driving change across the retail industry

2024 has witnessed significant leadership changes in the retail industry, including appointments of Noel Tata at Tata Trusts, Bina Modi at Godfrey Phillips, and Samir Kumar at Amazon India. These leaders aim to drive innovation, enhance efficiency, and achieve growth in their respective domains. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/industry/leadership-shakeups-of-2024-key-appointments-driving-change-across-the-retail-industry/116760860

Indian paint sector faces margin squeeze amid intensifying competition: Report

Revenue growth for long-established players such as Asian Paints, Berger Paints, Kansai Nerolac, Akzo Nobel, and Indigo Paints moderated to 4 per cent in FY'24, significantly lower than the 14-15 per cent CAGR recorded between FY'19 and FY'23, CareEdge Ratings said in its study. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/home-and-decor/paints/indian-paint-sector-faces-margin-squeeze-amid-intensifying-competition-report/116730375

Kolkata-based FMCG firm Ganesh Consumer Products files DRHP for IPO

Ganesh Consumer Products Limited has filed a DRHP with SEBI for an IPO. They plan to raise Rs 130 crore and sell 12.44 million shares. Funds will be used for repayment of borrowings and setting up a new manufacturing unit. The company, known for its Ganesh brand, has a strong presence in East India. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/food-entertainment/personal-care-pet-supplies-liquor/kolkata-based-fmcg-firm-ganesh-consumer-products-files-drhp-for-ipo/116714621

Godfrey Phillips appoints Siddharth Chawla as new COO

Godfrey Phillips India will appoint Siddharth Chawla as its new Chief Operating Officer from January 7, 2025. Chawla brings 24 years of experience from companies like ITC, Udaan, and Pharmarack Technologies. His expertise includes developing strategies, new business systems, and leading teams in complex environments. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/food-entertainment/grocery/godfrey-phillips-appoints-siddharth-chawla-as-new-coo/116672346

Grocers are trying new strategies to handle increased demand for online orders

The COVID-19 pandemic has surged online grocery app downloads, pressuring grocers to fulfill growing demands. Amazon and Kroger implemented measures like retraining workers and converting stores to pickup-only models to increase efficiency. OpenTable aids in-store shopping by facilitating time slots, highlighting the need for improved online grocery fulfillment. from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/food-entertainment/grocery/grocers-are-trying-new-strategies-to-handle-increased-demand-for-online-orders/116678811