Page 2 - Grocery Retail

North, south markets lead India's retail recovery, says survey

After a massive disruption during the second wave of Covid-19, retail activities in the country have started recovering steadily

Google-backed Dunzo launches 19-minute ultra-fast grocery delivery

Dunzo is offering its ultra-fast grocery delivery service Dunzo Daily in Bengaluru, through which it will deliver essentials in 19 minutes

Stellar Value Chain to invest Rs 200 cr in e-grocery supply chain in FY22

Stellar Value Chain plans to invest Rs 200 crore for setting up 25 fulfilment and sort centres pan-India to boost its e-grocery supply chain offerings this fiscal

Flipkart to add 8 lakh sq ft warehousing space for grocery infrastructure

Walmart-owned Flipkart said it plans to expand its fulfilment centre capacity for grocery by more than 8 lakh sq ft over the next three months across Delhi, Kolkata and other cities

Tata set to enter e-grocery with competition panel approval on Bigbasket

Company to acquire 64.3 per cent stake in Supermarket Grocery

Home cooking, booze demand fire up global grocery sales in 2020: Report

The global grocery sector grew a record 10% in 2020, industry data showed on Wednesday, as people stuck at home under Covid-19 restrictions cooked, baked and drank more

Kirana comes full circle

Two recent steps, both by the original posterboy of e-commerce, Flipkart, make it clear that we've come full circle on grocery

Retailers push the discount pedal on R-Day, offer rebates of up to 60%

Most categories looking to capitalise on out-of-home momentum

Udaan plans to grab 10-15% of overall B2B retail market in the next 7 years

The B2B market (excluding industrial goods) stands at $780 billion and on an annualised basis, Udaan has already clocked up $2.4 billion in gross merchandising value

Overall sales now trending very close to usual times, says D-Mart

Avenue Supermarts Ltd, which owns and operates the supermarket chain D-Mart, on Saturday said its overall sales and sales mix are now trending very close to usual times

D-Mart's third qtr profit jumps 16.4% to Rs 447 crore; revenue up about 11%

Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, on Saturday reported an increase of 16.39 per cent in its consolidated net profit at Rs 446.95 crore for the third quarter ended December 2020. The company had posted a net profit of Rs 384.01 crore in the October-December quarter a year ago, Avenue Supermarts said in a BSE filing. Its revenue from operations was up 10.77 per cent at Rs 7,542 crore during the quarter under review as against Rs 6,808.93 crore in the corresponding quarter last fiscal. Avenue Supermarts' total expenses were at Rs 6,977.88 crore as against Rs 6,325.03 crore, up 10.32 per cent. While on the standalone basis, Avenue Supermarts' net profit was up 19.27 per cent at Rs 470.25 crore as against Rs 394.26 crore of the Q3/FY 2019-20. Its standalone revenue during the quarter was at Rs 7,432.69 crore. Commenting on the results, Avenue Supermarts CEO & Managing Director Neville Noronha said there is further improvement in company's business and

JioMart a real juggernaut, but needs to broaden its customer base

Facing stiff competition in BigBasket and Grofers, as well as Swiggy and Zomato, thanks to its late entry

Over 5,000 employees from Walmart India joining Flipkart Wholesale

The e-commerce firm said job offers made to staff at Walmart India have been aligned to similar roles at Flipkart in terms of pay, responsibility and profiles based on industry best practices

Grofers eyes fashion segment for higher margins, to stick to private labels

Grofers, which has a strong play in the private labels segment across categories, is likely to follow this strategy in the fashion segment

Organised F&G retail's FY21 revenue expected to decline by 5-10%: Ind-Ra

The revenue of India's organised food and grocery (F&G) retail is expected to decline by 5-10 per cent in FY21, India Ratings and Research said on Monday.

Resilience, doing more with less helped us during Covid-19: BigBasket CEO

BigBasket co-founder and CEO Hari Menon said the company hired over 12,000 persons in 16 days to meet the surge in demand

Local kiranas hop on to digital bandwagon to manage their daily business

Start-ups such as Max Wholesale, Jumbotail and ShopKirana are helping them place orders, maintain inventory, optimise delivery routes and make payments, all digitally

After muted Q2 show, DMart's sales may gain traction in third quarter

Margin trajectory, however, depends on festival season discounts, share of general merchandise

Two techies who use queue management systems to prevent crowding at stores

Dingg, which is awarded a grant under the government's CAWACH initiative, is growing massively as store-owners take measures to prevent over-crowding

Amazon, Samara Capital invest Rs 275 cr in supermarket chain More's parent

Witzig has allotted a total of 193 million equity shares to the investors to raise this capital at a premium of Rs 4.28 per share and paid-up capital of Rs 10 per share