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Monday, April 12, 2021

Retail Industry

Retail sector revives hiring as 2nd Covid wave haunts India

New Delhi, April 8 (IANS) As the second Covid wave begins to haunt us, a new report said on Thursday that apart from the IT-software industry, retail sector that was severely impacted by the pandemic has seen robust revival...

Retailers see full recovery as sales at 93% of pre-Covid era

New Delhi, March 16 (IANS) The quantum of de-growth in Retail sales has reduced as most segments in it have started to show significant improvement. The 13th edition of the Retail Business Survey by the Retailers Association of India (RAI)...

eGrocery to grow 8X in 5 years in India, JioMart big gainer

New Delhi, Jan 24 (IANS) As the e-commerce battle intensifies in India, with Reliance Retail's JioMart being the latest major entrant with a massive potential to disrupt the space, the next big thing is the delivery of groceries online...

Microsoft introduces ‘Cloud for retail’ service

San Francisco, Jan 14 (IANS) As retailers fast embrace digital solutions to help better understand their customers and deliver an agile and resilient supply chain, Microsoft has introduced the private preview of “Cloud for Retail”. Microsoft Cloud for Retail aims...

November retail inflation eases to 7%, food prices cool down

New Delhi, Dec 14 (IANS) Cheaper food prices lowered India's sequential retail price inflation in November. Sequentially, the Consumer Price Index (CPI), which gauges the retail price inflation, rose at a slower rate of 6.93 per cent in November from...

Inflationary woes: India’s WPI rises to 1.55% in Nov

New Delhi, Dec 14 (IANS) India's annual rate of inflation based on wholesale prices jumped to 1.55 per cent in November from a rise of 1.48 per cent in October . "The rate of inflation, based on monthly WPI, stood...

Cohesive retail policy can help create 30L jobs by 2024: Report

New Delhi, Nov 24 (IANS) A cohesive National Retail Policy cam help in generating 30 lakh jobs by the year 2024, according to a report by CII and Kearney. The report noted that an investment of Rs 6,500 crore in...

Pandemic-hit fashion retailers to see revenue dip 35-42%: ICRA

New Delhi, Oct 7 (IANS) The coronavirus outbreak has adversely impacted the credit profile of the Indian retail industry as consumers deferred their discretionary spends, amid the shutdown of malls across the country as well as closure of non-essential stores across...

78% Indian consumers cut spending amid Covid-19: Report

New Delhi, July 23 (IANS) Covid-19 has significantly impacted Indian consumers as 78 per cent of the Indian consumers said they have reduced discretionary spending, a new KPMG report revealed on Wednesday. However, 51 per cent of respondents feel that...

India’s retail trade loses Rs 15 lakh cr in 100 days

The ongoing pandemic has hit every sector of the Indian economy hard and the retail trade in the country has lost about Rs 15.5 lakh crore in the past 100 days. In a statement, the Confederation of All India Traders...

Latest News

Easing lockdown could lead to 3rd Covid-19 wave in UK: Scientists

London, April 12 (IANS) British scientists have warned that the British government is risking a third wave of Covid-19...