Retail
Stock market woes hit retail sales across sectors
Recent stock market volatility is impacting consumer goods sales, including two-wheelers, luxury cars, and electronics, as many Indians shift their savings to investments. This decline in sales is attributed to negative sentiment around market fluctuations, affecting discretionary purchases and delaying consumption recovery.
Reliance, DMart and other top retailers go easy on store launches as slowdown hurts
India experienced a significant slowdown in new store openings in 2024, with only an average of three new stores added daily compared to ten in 2023. Top retailers faced tepid demand in discretionary categories, leading to cost cuts and slow expansions, but they are now gearing up for the next phase of growth.
Blackstone nears $400 mn deal for Kolkata's South City Mall
Blackstone Inc. is close to acquiring South City Mall in Kolkata for up to $400 million. This marks its entry into Kolkata's retail market, with the mall being the largest in eastern India. The move aligns with Blackstone's strategy to leverage India's consumer spending, adding to its existing investments in offices, hotels, and warehouses.
India's retail market reaches Rs 82 lakh crore in 2024, with continued growth expected
India’s retail market soared to ₹82 lakh crore in 2024 from ₹35 lakh crore in 2014, driven by economic growth and a diverse consumer base. The market is set to reach over ₹190 lakh crore by 2034, with retailers needing to navigate varied demographics and consumer behaviors to thrive.
Indian retail market pegged at Rs 190 lakh crore by 2034; retailers embracing diversity to gain: BCG-RAI report
The Indian retail market is projected to surpass Rs 190 lakh crore by 2034, driven by economic growth and a diverse consumer base. Success requires retailers to navigate the complexities of India's varied demographics and consumer behaviours, balancing aspiration with affordability and embracing online and offline strategies.
AI to have big impact on entire chain of investing, says former HUL MD Sanjiv Mehta
Sanjiv Mehta, Executive Chairman of L Catterton India, emphasized at Mumbai Tech Week that AI will significantly impact the investment process, from identifying potential categories and companies to optimizing investment timing and value creation. AI will streamline due diligence, reduce costs, and help determine the best exit strategies, revolutionizing the entire private equity investment chain.
India is the fastest growing market for US Polo: CEO
US Polo has seen remarkable growth in India, becoming its third largest market after the US and Turkey. The brand's sales have doubled to $2.6 billion in 2024. India now contributes significantly to the global turnover and is a crucial market with potential to become its largest in the future.
Digital astrology platform Astroyogi expands to retail sector
Astroyogi expands into retail with the launch of Yogii, tackling the unregulated spiritual products market with a focus on quality and ethical sourcing. The initiative aims to bring structure and reliability to a traditionally fragmented sector, bolstered by increasing funding and adoption of digital solutions.
India one of biggest growth markets: Ikea
Ikea has identified India as a key growth market, achieving over 45 billion euros in revenue in FY24 despite global market challenges. As part of its affordability strategy, Ikea India has lowered prices by up to 39% over the past two years. The company has expanded its reach in North India, starting online delivery in Delhi-NCR and surrounding cities.
We were different, we need to be different again: Trent MD
Tata-owned Trent remains unperturbed by growing competition in retail, with no plans to alter its strategy. Trent's MD P Venkatesalu emphasizes focusing on consumer needs amid intense competition, including the re-entry of Shein via Reliance Retail. Despite demand fluctuations, Trent continues its robust expansion with Zudio, aiming for significant market growth in the future.
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Adani to enter nearly all retail and F&B segments at airports, registers more than a dozen consumer brands
Adani Group plans to expand its airport retail business to over 270 stores, with future aims of extending to highways and malls. The strategy targets increasing non-aeronautical revenues with diversified offerings, potentially competing with major brands such as Tata and Reliance.
Ikea India aims to increase local sourcing
Ikea’s India unit plans to source 50% of its goods locally and open small-format stores in the National Capital Region ahead of its large centers in Gurgaon and Noida. They are investing over Rs 7,500 crore in these regions and are considering further investments after utilizing the approved Rs 10,500 crore.
Organised retail set to reach $230 billion by 2030: Deloitte-RAI report
India's organised retail sector is growing quickly and is expected to reach USD 230 billion by 2030. This growth is driven by rising income levels, GenZ influence, and easier credit access. Private consumption has increased significantly, transforming the retail landscape with a shift towards organised retail. This creates vast opportunities for businesses aligning with these trends.
60 pc of Indian retailers see technology as key to competitiveness: PwC India Report
According to a PwC India report, 60% of traditional retailers believe that better technology access can boost their competitiveness against online shopping. While online shopping prevails in categories like apparel, in-store shopping remains strong for items like fresh produce. The report suggests blending traditional and modern retail strategies, leveraging AI, and tailoring approaches to consumer preferences to stay competitive.
Good news for shoppers! Ikea to begin online sales in Delhi-NCR this week. When is the store coming?
Ikea is expanding its presence in India with online sales in Delhi-NCR and 9 other markets this week. It plans to open full-size stores in Gurugram (2026) and Noida (2028), and later in Chennai and Pune. Despite a widening loss in FY24, Ikea aims for profitable growth. To adapt to high real estate costs, it will reduce store sizes and optimize space.
Delhi HC orders Amazon to pay Rs 340 crore for 'Beverly Hills Polo Club' trademark infringement
The Delhi High Court has ordered Amazon Technologies Inc. to pay Rs 340 crore to Lifestyle Equities C.V. for trademark infringement of 'Beverly Hills Polo Club'. Amazon Technologies, acting under multiple roles, evaded liability and misled the court. Consequently, a permanent injunction was placed to prevent further misuse of the trademark by the American e-commerce giant.
