14 January 2022, Mumbai:

Two of India’s biggest e-commerce giants, Amazon and Flipkart have announced the dates for their upcoming Republic Day 2022 sales.

As per a Techno sports report, sales of both e-commerce giants start on the same date as on January 17. However, both of its “special members” i.e. Prime Members for Amazon and Plus Members of Flipkart will get access to this sale one day early i.e. January 16.

The sales events will offer a number of deals on products from smartphones, accessories to fashion, from electronics and accessories to home appliances.

Holders of SBI credit cards will get a 10 per cent discount on Amazon, ICICI Bank cardholders will get a 10 per cent instant discount on Flipkart.

The sales events will be significant as being held in the New Year and it being Republic Day when people generally look to buy new things. After this the next mega sale would be in the summer, hence, shopaholics will look to these sales to buy new items.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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10 January 2022, Mumbai:

Avenue Supermarts' DMart reported over 20% growth in both sales and profit in the financial quarter which ended in December, 2021 but some analysts have termed the business’ performance underwhelming.

The recent quarter saw businesses enjoy near-normal operating conditions and sizeable commodity inflation which has led some analysts to call DMart’s recent growth too little for its stock market valuation, the Economic Times reported.

DMart’s gross margin also failed to grow and its growth in earnings before interest, tax, depreciation, and amortisation was mainly due to operating leverage.

“Consensus continues to believe that DMart is a linear and secular growth story but we disagree,” ICICI Securities' Manoj Menon and his team said in a note, ET Bureau reported.

Dmart retails a wide range of value fast moving consumer goods including apparel and accessories. However, the business’ apparel segment, along with general merchandise, has performed considerably less well than its essentials and groceries segments.

The weak performance of the business’ apparel segment has negatively affected its overall revenue and profit margins, the analysts said. Increasing retail restrictions due to Covid-19 are expected to exacerbate this trend of ‘essential’ groceries over apparel.

“In India, nuances matter more,” said Menon. “We disagree with consensus' over-enthusiasm. Watch out for DMart potentially getting disrupted like how India skipped wireline penetration and jumped directly to wireless.”

FASHION NETWORK (The news article has not been edited by DFU Publications staff)

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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07 January 2022, Mumbai:

Large retailers and restaurant chains have started discussions with malls and landlords for rental concessions, as weekend curfews and late evening curbs severely dent businesses, executives said.

"We have written to landlords and mall owners to renegotiate rentals; 70-75% of our business comes from weekends and dinner, which is gone," said Rohit Aggarwal, director of Lite Bite Foods, which operates Asia 7, Punjab Grill, and The Artful Baker: "We expect business to be impacted all through January-March."

Many such as Benetton, Jack & Jones-retailer Bestseller Retail, Vero Moda, Only, ethnic retailer Biba and Forever New have either begun informal discussions with mails and landlords for rental concessions or said they would do so in the coming weeks.

ET (The news article has not been edited by DFU Publications staff)

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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13 January 2022, Mumbai:

Compared to the pre-pandemic levels of 2019, India’s retail sales grew by 7 per cent in December last year. However, the pace of this growth in later weeks slowed due to the third COVID-19 wave. As per the estimates of Retailers Association of India, the Indian retail industry grew by 26 per cent last month compared to December 2020.

Growth across beauty, wellness and personal care categories dropped by 7 per cent compared to the pre-pandemic sales in December 2019, says Kumar Rajagopalan, CEO, RAI. Growth in the furniture and furnishings category also declined by 5 per cent. Sales across consumer durables and IT products, sports goods, jewellery, footwear, and apparel and clothing declined, although these were still in positive territory, Rajagopalan added.

RAI appealed to the central government to instruct state governments to refrain from imposing restrictions based on positivity rate and consider hospitalizations as the criteria to determine the severity of restrictions instead as most of the country’s population is vaccinated. This will avoid unnecessary panic among citizens and businesses while minimizing the impact on livelihoods, it added

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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10 January 2022, Mumbai:

As Covid-19 restrictions in several states reduce mall opening hours and capacity, many merchants in all categories, including fashion, are starting negotiations with malls about bringing back rent relief.

Weekend curfews and evening retail restrictions have been reinstated in certain states, notably Delhi, while others, like Maharashtra, are following suit, fast enacting steps to halt the spread of Covid-19's Omicron form. Businesses are losing sales as a result of this, making it more difficult for them to pay shop rent.

The managing director of ethnic fashion firm Biba, Siddharath Bindra, told the Economic Times, "We would need to address all our landlords and find a proper solution." "We are rather sure that the majority of individuals [landlords] will adopt a proactive approach." Every day, business is dwindling."

Benetton, Jack & Jones-retailer Bestseller Retail, Vero Moda, Only, and Forever New are among the other fashion retailers that have begun conversations with malls where they have locations, according to ET Bureau. Restaurants are also seeking negotiations, since the 50 percent capacity regulation has a significant impact on them.

Due to high vaccination rates across the country, the third wave of the virus came as a shock to merchants, who were anticipating a rebound to pre-Covid sales levels or higher by the end of 2021.

Some retailers are hoping that if further lockdown measures are implemented, malls would once again give rent discounts or even exemptions.

However, an issue that mall owners have faced in prior lockdowns is that many malls are supported by big bank loans, and mall owners rely on rent from shop owners to meet their loan repayments, making them unable to grant long-term or considerable rent concessions.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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07 January 2022, Mumbai:

Reliance Retail Ventures, a subsidiary of Reliance Industries has invested $200 million in quick commerce delivery startup Dunzo.

The investment will increase RRVL’s stake in Dunzo to 25.8 per cent, The existing investors of Dunzo including Lightbox, Lightrock, 3L Capital and Alteria Capital also participated in the funding round.

In addition to this funding round, both the companies plan to partner for enabling hyperlocal logistics for retail stores operated by Reliance Retail. This will add to Reliance's omnichannel capabilities and also help facilitate last-mile deliveries for JioMart’s’s merchant network.

RRVL said the capital will be used to enable instant delivery of essentials from a network of micro warehouses while also expanding its B2B business vertical to enable logistics for local merchants across Indian cities.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

13 January 2022, Mumbai:

Compared to the pre-pandemic levels of 2019, India’s retail sales grew by 7 per cent in December last year. However, the pace of this growth in later weeks slowed due to the third COVID-19 wave.

As per the estimates of Retailers Association of India (RAI), the Indian retail industry grew by 26 per cent last month compared to December 2020.

Growth across beauty, wellness and personal care categories dropped by 7 per cent compared to the pre-pandemic sales in December 2019, says Kumar Rajagopalan, CEO, RAI.

Growth in the furniture and furnishings category also declined by 5 per cent. Sales across consumer durables and IT products, sports goods, jewellery, footwear, and apparel and clothing declined, although these were still in positive territory, Rajagopalan added.

RAI appealed to the central government to instruct state governments to refrain from imposing restrictions based on positivity rate and consider hospitalizations as the criteria to determine the severity of restrictions instead as most of the country’s population is vaccinated.

This will avoid unnecessary panic among citizens and businesses while minimizing the impact on livelihoods, it added.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

08 January 2022, Mumbai:

The rise in COVID-19 Omicron cases is leading to a sharp drop in footfalls in mall s in metros including Delhi, Mumbai, and Bengaluru.

As per a Fashion Network report, footfalls in top metros have dropped by around 15 per cent to 25 per cent though mall operators expect the current retail restrictions to be just a short term measure.

Delhi has imposed a weekend curfew beginning this week. This will cause malls and ‘non-essential’ high-street stores to close on Saturday and Sunday for the foreseeable future and is expected to further bring down mall sales but a full-scale lockdown appears unlikely at present.

Mumbai currently does not have any retail restrictions. It has kept most mall open leading to higher footfalls. However, the city reported over 20,000 positive Covid-19 cases in less than 24 hours on Thursday. This has led to calls for more restrictions to be put in place.

The state government may soon impose stricter restrictions to avoid a healthcare crisis.

January is usually one of the largest-scale sale seasons of the year, especially for fashion retailers. However, brick-and-mortar stores are keeping promotions muted in 2022 due to the current climate.

Prior to these restrictions, sales had reached the pre-COVID levels and retailers expect this disruption to be of short term, says PushpaBector, Executive Director, DLF Retail.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

04 January 2022, Mumbai:

Instead of continuing to develop new retail services, Flipkart wants to ramp up its new releases in 2022. Shopsy, the company's value platform, will be expanded, with an emphasis on the grocery and hyperlocal delivery areas. In an interview with the Economic Times,

Flipkart CEO Kalyan Krishnamurthy said, "Shopsy, food, travel, and healthcare are all significant, and we made massive investments." "Over the next 12- 18 months, we want to really push them to the next level of growth and draw in client uptake."

Shopsy was introduced by Flipkart in July 2021 as a social commerce platform that links customers to items via resellers while simultaneously providing resellers with a platform to earn money through sales.

Shopsy concentrates on items in the value part of the market, with fashion, cosmetics, and technology among its many categories.

Flipkart's ambition to capitalise on India's burgeoning social commerce sector is represented by Shopsy. According to Krishnamurthy, Shopsy is now increasing at a pace of over 20% to 30% month over month and has established itself as the industry leader in the value e-commerce area.

"Right choices, right value, and right services" is what Krishnamurthy meant by commerce. "Social is a technique of enhancing this value offer by making it more discoverable in a relevant way." That's Shopsy."

Flipkart also intends to focus on rapid delivery times of 30 to 45 minutes, which it believes would be more sustainable than the 15-minute delivery choices now available from other e-tailers. Through its fashion branch, Myntra, the company also intends to continue expanding in the online branded fashion industry.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

11 January 2022, Mumbai:

As per a Nirmal Bang report, revenue of Indian retailers is likely to grow during Q3 FY22. Bata India’s revenues will grow by 28 per cent Y-o-Y festive season boosts demand, lockdown across the country eases and the vaccination drive accelerates.

All these factors will lead to higher footfalls in the brand’s retail outlets with other distribution channels continuing to deliver strong growth. A gradual return to work places, increase in social gatherings, festival season, opening up of schools & colleges etc will also contribute to growth in 3QFY22, says a report by the Bloomsberg Quint

V-Mart Retail’s revenues are also likely to grow by 99 per cent during Q3 FY22 due to a low base last year with the addition of ‘unlimited Stores’, festive season and the onset of winter.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

08 January 2022, Mumbai:

Ingka Group said prices would go up around 9% on average across its markets, with local variations reflecting different inflationary pressures, including commodity and the supply chain issues.

“Unfortunately now, for the first time since higher costs have begun to affect the global economy, we have to pass parts of those increased costs onto our customers,” Retail Operations Manager Tolga Öncü said. cnbc.com

In the coming year it will pass some of these costs on to its outlets, which will be free to then charge customers more, the Reuters news agency reported.

Businesses have been struggling with supply chain problems as economies recover from the Covid pandemic.

The Swedish furniture giant saw record demand during the pandemic as people spent more time at home.

However, pre-tax profit at Ikea Group, which makes most of its money selling goods to its franchisees, fell 16% in the year to September to €1.7bn (£1.4bn). bbc.com

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

04 January 2022, Mumbai:

Even as India is being hit by the third COVID-19 wave, apparel retailers are planning to add more stores across the country. A report by Telegraph India states large players across the country are ramping up their store footprint to make up for the setback in-store additions earlier this fiscal.

Their decision to expand was taken after an encouraging second quarter where they recovered 75-90 per cent of sales compared to pre-COVID levels. Large retailers have resumed their aggressive plans to add nearly 15–20 per cent to the store footprint, compensating for the slow additions in the recent past.

Trent plans to add 75–80 Zudio stores s and 35–40 Westside stores in the current fiscal, other players such as Aditya Birla Fashion and Retail Ltd (ABFRL), V-Mart, and Shoppers Stop are also expected to have 15–20 per cent growth in-store footprint.

Reliance Retail will also continue with the rapid rollout of stores apart from other initiatives to restore pre-COVID growth momentum.

The country’s largest organized retailer opened 813 stores in the second quarter, On the other hand, Aditya Birla Fashion which has a network of 3,264 stores and around 26,841 multi-brand outlets, added more stores under the Lifestyle and Pantaloons brands.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage