Indian Retail Industry

Indian retail industry to reach $2 trn by 2032: Reliance's Subramaniam V

The Indian retail market is one of the fastest growing in the world and is expected to reach USD 2 trillion by 2032, according to Reliance Retail Director Subramaniam V. The Indian retail market is estimated at USD 844 billion in 2022 with the unorganised retail market contributing around 87 per cent of the share, he said. "The retail market is projected to grow at 10 per cent annually to reach a whopping 2 trillion by 2032 making it the fastest growing retail market of the world," Subramaniam said at an event organised by industry body FICCI here. Talking about the unorganised retail segment, Subramaniam said it is highly fragmented and lacks modern day infrastructure and technology due to smaller volume and financial resources. Subramaniam said there is a need to build an operating environment which promotes inclusive and sustainable growth for the sector and government policies and business practices of the big players must support the inclusive growth for the small players of t

Retail industry sees 19% rise in sales during Apr-Nov 2022: Report

India's retail industry saw a 19 per cent rise in sales over pre-pandemic levels during the April-November 2022 period riding on the back of strong performance of segments such as quick service restaurant and footwear, Retailers Association of India (RAI) said on Friday. Region wise, the eastern part clocked the highest growth at 21 per cent as compared to the same period in 2019, RAI said in a statement. North India followed with a 19 per cent growth while both western and southern parts witnessed an 18 per cent rise each, it added. "The industries that did particularly well during this period were the QSR (quick service restaurant) and the footwear industries, with a 30 per cent growth compared to 2019," RAI said. However, the beauty, wellness and personal care industry only saw a 7 per cent growth as against the same period in 2019, it added. "Consumers are back to shopping in stores, and it's something they enjoy even as they continue to buy online," RAI CEO Kumar Rajagopalan

Q1 results review: Retailers post their best-ever quarterly sales

Aditya Birla Fashion and Retail (ABFRL), Page Industries, Bata, TCNS Clothing Company, Trent, and Reliance Retail all saw their revenue hit all-time highs in the first quarter

Retail industry to grow 10% a year, reach $2 trn by 2032: BCG-RAI report

E-commerce in the country is expected to reach $130 billion by 2026, as compared to $45 billion in 2021, according to the report

The human factor in retailing

Instead of focusing on livelihoods and consumers governments have been exercised over a non-issue: foreign capital

Deja vu for retail industry; Covid uncertainties may roil recovery in 2022

Just after recovering from the devastating pandemic blows this year, the Indian retail industry is once again staring at uncertain times with localised restrictions back in many places to curb coronavirus infections even as the industry players are turning 'phygital' to cater to customers. With omnichannel approach gaining currency, technology will remain a key enabler for the retail industry and in 2022, the focus is likely to be on building an agile and sustainable supply chain that provides the convenience of 'phygital' shopping. Concepts like video shopping may become more mainstream and companies will continue to adopt advanced analytics to improve sales and gain granular actionable insights on buyer behaviour. Moreover, with social media and influencer marketing coming to the forefront, creativity and content push, especially with regional languages, will gain more importance. Metro Cash & Carry India MD & CEO Arvind Mediratta said COVID has changed consumer behaviour ...

Snapdeal appoints retail veteran Priyaranjan Kumar as VP and Business Head

Prior to joining Snapdeal, Kumar was COO of Iconic Fashion, where he led the creation of a complete omni channel sales structure and inventory management for efficient and accurate delivery of orders

As shops turn to JioMart for stocks, India's salespersons find going tough

Thousands of salespeople representing consumer giants face an existential threat to their business.

Future Retail bonds tumble with stocks after Reliance deal blow

The slide extends Friday's losses

Restrictions likely to impact footfalls but have adequate stocks: Retailers

Retailers and FMCG makers say they have adequate stocks at stores and warehouses and are prepared to manage the situation in the wake of fresh restrictions

India retail: A nearly $900 billion market dominated by mom-and-pop stores

India's retail landscape is changing, with global and domestic consumer and retail behemoths fighting tooth and nail to woo shoppers, as many choose large, clean supermarkets over crowded local stores

Retailers reach 93% of pre-Covid sales in Feb, on verge of full recovery

The retail industry's business is on the verge of full recovery, a report said

YES Bank to transform into a retail bank: Administrator Prashant Kumar

Hopeful that moratorium on withdrawal will be lifted by Friday, says bank administrator

Retail 2.0: Focus on data, tech, innovation, to take on e-commerce giants

New challenges confront the retail sector in the current decade

With billions in pockets, Amazon, Walmart run into 70 mn Indian shopkeepers

The conflict comes amid a broader global backlash against the breakneck expansion of tech firms

IND-AS boost for retailers in Q1 even as consumption slowdown weighs

Excluding impact of new lease accounting norms, some companies witnessed a 90-340 basis point y-o-year contraction in EBITDA margin while gains were limited for others

Indian retail industry may grow to Rs 85 lakh crore by 2021: Report

Expected to witness CAGR of over 10% in 2016-21 to reach size of Rs 85 trillion by 2021: Deloitte