Retail Chains

D-Mart's revenue up by 20.1% to Rs 10,337.12 cr in quarter ending March

The Damani family-promoted retailer had reported a revenue of Rs 8,606.09 crore in the January-March quarter last fiscal, said a regulatory filing from Avenue Supermarts

Amazon to delist Appario as seller, renews Frontizo JV for 3 years

The development comes at a time when Cloudtail, once the largest seller on Amazon's India marketplace, shut operations on the e-commerce platform as a seller this year amid regulatory pressure

Subprime borrowers must keep credit utilisation ratio under check

They must also avoid applying for too many loans within a short span

Electronics Mart IPO subscribed 1.7x on Day-1 on retail, QIB interest

The firm is looking to raise Rs 500 crore from the IPO to fuel its store and warehouse expansion plan

Shoppers Stop Q1 net profit at Rs 22.83 cr, sales up to Rs 948.44 cr

The company had posted a net loss of Rs 104.89 crore in the April-June quarter a year ago, said Shoppers Stop in a regulatory filing.

Amazon letter accuses Future group of fraud, seeks forensic audit

E-commerce giant writes letter to retail chain's independent directors, seeks independent probe of dealings with RIL

German retailer Metro looking to sell India operations for $1.75 bn: Report

The German retailer operates 31 cash-and-carry stores across India

RIL's massive cash chest to help take on PE suitors for Boots retail chain

Has already acquired online medicine seller NetMeds in India; Boots deal will help it launch NetMeds overseas, bring offline retail chain to India, say analysts

Shoppers Stop Q2 net loss at Rs 3.68 cr; sales up two-fold to Rs 642 cr

Retail chain Shoppers Stop Ltd on Wednesday reported narrowing of its consolidated net loss to Rs 3.68 crore for the September quarter, helped by a comeback in sales. The company had posted a net loss of Rs 97.70 crore in the July-September period a year ago, Shoppers Stop said in a regulatory filing. Revenue from operations rose over two-fold to Rs 642.07 crore from Rs 296.98 crore in the corresponding quarter of the previous fiscal. Total expenses were at Rs 714.25 crore, up 45.06 per cent from Rs 492.36 crore earlier. Shoppers Stop MD & CEO Venu Nair said, "The demand postponement triggered by the second wave of the pandemic witnessed a strong comeback in Q2." "While July was muted with multiple lockdowns and Maharashtra completely closed, August and September witnessed a sharp recovery. Our sales more than doubled and EBITDA quadrupled against last year," he noted. Moreover, the festive sales have been extremely reassuring, he said, adding sales recovered more than 100 per ..

D-Mart Q2 consolidated net profit increases twofold to Rs 417 crore

Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, on Saturday reported a twofold increase in its consolidated net profit to Rs 417.76 crore for the second quarter ended September

Reliance Retail Ventures brings 7-Eleven to India after Future exit

First convenience store set to open tomorrow in Andheri East

Big Bazaar's online bet clicks as platform hits 50,000 orders a day

With this, it has achieved half its initial target within two months

Walmart surpasses Q3 expectations amid Covid, revenue grows 5.3% to $134 bn

Sales at stores opened at least a year rose 6.4%

Low-profile Indian origin brothers buy British supermarket chain Asda

'We've been on the pumps, we've been stocking the shelves', say Mohsin and Zuber Issa.

Avenue Supermarts, V-Mart, Trent: Strategies for retail sector stocks

The overall trend for most stocks in the retail segment looks promising from a medium-term perspective. Here are the key levels you need to keep a tab on for front-line stocks

Aditya Birla Fashion plans to launch Rs 1,000-cr rights issue: Official

The rights issue is part of their objectives of reducing leverage, strengthening balance sheet apart from funding general corporate expenses, including working capital

Zudio the new engine driving retail giant Trent's revenue growth

In the first nine months of financial year 2019-20 (FY20), Trent is estimated to have added 60 Zudio stores

Neighbourhood shops more affected than retails in consumption slump: Marico

The economic growth slowdown is a "reality" but all should keep a forward-looking approach to come out of it, he told PTI

Trust continues to be deterrent in smaller markets: 1-India Family Mart CEO

Consumers from tier-II/III/IV geographies still prefer making planned purchases that are affordable, says the CEO

From Westside to Pantaloons, retail chains gain from consumer uptick in Q3

Chains were also better prepared in terms of their offers, discounts and overall shopping strategies