Page 2 - Retail

Retail sales in shopping malls to grow 29% annually to reach $39 bn by FY28

Retail sales in shopping malls across top eight cities are expected to grow 29 per cent annually to reach USD 39 billion by 2027-28 fiscal on consumption growth and opening of new malls, according to a property consultant. Knight Frank on Tuesday released a report 'Think India, Think Retail 2022 - Reinventing Indian Shopping Malls' at a webinar. "The organised retail sales volume in the top 8 Indian cities is estimated to grow at a CAGR of 17 per cent from USD 52 billion in FY 2022 to USD 136 billion by FY 2028," the report said. In the same period, the consultant said that the potential retail sales in Indian malls are estimated to grow at a CAGR (Compound Annual Growth Rate) of 29 per cent in the FY2022-28 period reaching USD 39 billion by FY2028. Retail sales in malls across the top 8 cities -- Mumbai, National Capital Region (NCR), Bengaluru, Hyderabad, Chennai, Pune, Kolkata and Ahmedabad -- grew at a CAGR of about 3 per cent to reach USD 8 billion in FY2022. In FY2023, the

Newsmaker: Meet HDFC's Kaizad Bharucha, the highest earning banker of FY22

The Covid-19 pandemic turned out to be watershed years for the lender's wholesale lending business, growing this wholesale book much faster than retail

Delhi govt likely to open 500 liquor vends from September 1: Report

According to a report, the Delhi govt is likely to operate as many as 500 liquor vends from September 1. The move comes amid the absence of no private players in the retail sale of alcohol

Regulator allows insurance firms 'use & file' procedure for agri products

Companies can introduce a product in the market and then file with the Insurance Regulatory and Development Authority of India (Irdai) for approval

US Fashion brand Gap returns to India, signs deal with Reliance Retail

Reliance Retail will be the official retailer for Gap in India, mixing exclusive stores and digital commerce platforms.

Confident of delivering value on bid for Citi India deal: Axis Bank's Moghe

India's third-largest private lending is purchasing the retail business in a transaction worth Rs 12,235 crore

Udaan lays off about 180 employees in a move to drive cost-efficiency

The layoffs have happened at a time when Udaan is trying to turn into a publicly listed entity in 18-24 months

Amazon Retail India enters Gujarat, to source directly from farmers

The e-commerce major said the aim is to empower the farmers of Gujarat and offer high-quality fruits and vegetables to its customers

Retail businesses grow 24% in May against pre-pandemic level: Report

The retail businesses across India witnessed a growth of 24% in May this year against the pre-pandemic level of the same month in 2019, according to industry body RAI

59% employees not happy at work, retail and e-comm unhappiest: Survey

Concept of workplace happiness stems from direct experiences of employees with their employer and their organisation.

Recovery tracker: Eid celebrations boosts retail and recreation visits

Traffic has increased in Mumbai and New Delhi

Recovery Tracker: Retail & recreation visits higher than pre-Covid days

Vehicle registrations dec­li­ned last week and remained below 2019 levels

Offers, discounts, impulse: How retailers use psychology to make you shop

Studies suggest that as much as 50% of all groceries are sold because of impulsiveness - and over 87% of shoppers make impulse buys.

Top headlines: HDFC-HDFC Bank mega merger, India's export boom explained

The Centre may increase the allotment of its shares in the IPO of LIC. More on that and other stories in our top headlines this morning.

MG Motor India reports 14.5% decline in retail sales at 4,721 units in Mar

MG Motor India reported a 14.5% decline in retail sales in March at 4,721 units, hit by supply chain constraints due to the new COVID-19 variant and the ongoing global semiconductor chip shortage.

A sigh of relief for vendors, others as Reliance takes over Future stores

Reliance has been making job offers to employees of these stores, which will ensure job continuity for nearly 30,000 employees of Future Group's retail network.

Tesco has moved from being service-led to engineering -based firm: CEO

UK-based retail giant is 'at the table with the leaders' in Indian business services industry, says Sumit Mitra.

ABFRL eyes over 10% of revenue from new age digital brands in 3-5 years

ABFRL will look at buying out a majority stake in D-2-C brands it will invest in as it has done in the past in its other investments.

Retail sales in Jan hurt by Covid curbs, at 91% of pre-pandemic level: RAI

South zone was the least impacted registering a 2 per cent decline, as compared to January 2019

What is sin tax? What is it imposed on?

Govts earn revenue by charging taxes. But, it also imposes a special tax to wean people off bad habits. It is called sin tax. Govts impose sin tax on alcohol and tobacco products