ITC Foods rolls retailers first focussed initiative

In alignment with ITC’s credo of ‘Sab Saath Badhein’, the Foods Division spearheaded a Retail Engagement Initiative which focussed on ensuring safety of retailers. The initiative covered over 20,000+ retailers across the country and addressed their safety requirements by ensuring that risks associated with the pandemic are minimised for them. The initiative was an endeavour to help the company’s first line of customers, the retailers operate in a safe & hygienic environment while enabling them to serve their buyers through the challenging times. The retailers’ community has been the backbone…

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Global toys store Toys“R”Us now open at the Navi Mumbai mall

Kids between 3-14 years now have a whole new world of specially curated toys and memorable experiences awaiting them at Inorbit Mall, Vashi (Navi Mumbai). The much-awaited global toy store brand Toys“R”Us has now opened its 14th outlet at the mall, just in time for the holiday season. The brand Toys“R”Us is brought to India by Tablez — the leading organized retail group that has introduced some popular global brands in the country. The mall already houses some very popular kids’ brands such as Hamleys, Shoppers Stop, Gini & Jony, Crosswords, Landmark…

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DEERIKA to launch 10 new stores in Gurugram

DEERIKA Hypermarket – the retail arm of DJT Corporation & Investments – has announced plans to launch 10 new stores in Gurugram by March 2021, aiming to expand its presence in the region. Deerika has also launched Express stores – convenient stores for daily essentials in residential localities in sector 57, sector 15 and DLF phase 3, Gurugram. Established in January 2020, DEERIKA’s flagship Hypermarket and one-stop shop has seen its customer base reaching 1,00,000 in the past 10 months as per a company release. The store sizes will vary…

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Snapdeal’s “Kum Mein Dum” to offer customized sales experience

India’s leading value-focused e-commerce marketplace, Snapdeal’s “Kum Mein Dum” Diwali Sale will start from October 16th and will continue till 20th October ‘20. To prepare for the sale, Snapdeal asked its users to select products that they would like to purchase this Diwali. The “Kum Me Dum” sale selection is built around the choices indicated by more than 1.25 Lakh participants across 92 cities. 42% of the users made choices relating to gadgets for daily use. Kitchenware was the second most popular choice with 38% of the users desiring maximum deals on…

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Tablez brings Spanish apparel brand Desigual to India

Tablez, the leading organised retail group, launched the store of the acclaimed Spanish fashion brand — Desigual at DLF Avenue Mall, Delhi recently. The company is all set to activate the expansion plan of the international brand in India. Desigual was introduced in India via an online space in December 2019 by Tablez in association with Myntra. Its first offline store was launched in August 2020 at Vegas Mall, Dwarka. Having received a fabulous response offline and from the popular e-comm portal since its inception in India, Tablez group unveiled…

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Retail firms dominate BrandZ ranking

Retail and telecom brands have outperformed most other categories and seen their brand value increase in the 2020 BrandZ™ Top 75 Most Valuable Indian Brands ranking, recently released by WPP and Kantar. According to a formal release, retail sector in particular adjusted to the needs of shoppers restricted by lockdown measures. Reliance Retail (+102%, no. 25, $2.3 billion) was the fastest riser this year, up 30 places, with telecom brand Jio (no. 7, $6.9 billion) contributing to the overall success of the parent company. The largest retailer in India, Reliance Retail has invested in its digital commerce…

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Mi India introduces ‘Store on wheels’ on a pilot basis

Country’s leading smartphone and smart TV brand Mi India has introduced ‘Mi Store on Wheels’ (MSoW),an innovative concept that brings exclusive retail experience to the heart of Bharat. According to a company release, Mi Store on wheels will operate out of a Van and travel across towns covering a set journey and ensure presence in all the popular weekly haats and markets along the way. The initiative will first pilot in Chhattisgarh, covering places right from Basna to Sankara and Bhawarpur to Pithora.  Commenting on the initiative, Muralikrishnan B, COO,…

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Marginal recovery in retail business

According to the 6th edition of the Retail Business Survey by Retailers Association of India (RAI) released last week, there have been signs of marginal recovery in retail business with degrowth figure registered at -52% in the month of August 2020 on a Y-o-Y comparison. Of all the four zonal pockets, South India has given the best performance. According to RAI release, in the month of August’20 on a Y-o-Y comparison, the only category that showed significant improvement was Consumer Durables with sales at -23%. Food & Grocery (-46% y-o-y), Footwear…

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Mi India launches 3000th store in India

Mi India, the leading smartphone brand which has also added smart TV to its portfolio recently announced opening of its 3000th store in India. The milestone store was unveiled in Bulandshahr, Uttar Pradesh and the company now claims to be present across 850 cities in the country. The company had opened its first store on 15th August 2018 in Bengaluru. Commenting on the milestone, Muralikrishnan B, COO, Mi India, shared, “We are delighted and humbled to receive continuous support from our Mi Fans and Partners that has enabled us to launch our 3000th Mi…

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E-commerce business to touch $100 billion level by 2024

A leading research and consultancy firm has projected big ticket growth for the e-commerce business in the country in next 4-5 years. And a key factor for sustaining nearly  three fold growth in value would be supported by innovative supply chain models, a white paper recently released by management consulting firm Alvarez and Marsal (A&M) has underlined. Calling “e-commerce retail (B2C) market to be more than a USD 100 billion opportunity by 2024,” the report said that the share of e-commerce was just 3 per cent in domestic retail in…

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