Page 4 - Retail

Retail activity at 50% of pre-Covid levels in June despite unlocking

While key categories like personal care, jewellery, clothing and footwear continued to lag, grocery and quick service restaurants sectors recovered quickly

Consumption recovery this time could be swifter than FY21: Phoenix Mills MD

In a Q&A, Shishir Shrivastava says his firm should start hitting the consumption trajectory of FY20 within 30-40 days

Arzooo launches in-house logistics service Arzooo Express

Retail-tech startup Arzooo said it had launched an in-house logistics service that would manage the first-mile service to last-mile delivery of goods for its partner stores across the country

Govt prepares road map, identifies 8 sectors to ease compliance burden

Single-window clearance by mid-April

Great leaders will make good policy decisions in India: Walmart CEO

McMillon said that competition with Amazon, Reliance, and Paytm is good as it will improve services, bring down costs for consumers and give additional value to producers

Manufacturing, retail, auto hold highest potential of 5G adoption: Report

The report titled 'TMT Industry CEO Outlook: Smart. Secure. Sustainable' was launched at the ongoing India Mobile Congress 2020.

Home Depot to buy HD Supply Holdings in deal valued at $8 billion

Home Depot's smaller rival Lowe's Cos Inc last week said it was not in talks to buy HD Supply, denying a previous media report

Despite the dispute with Amazon, new 'future' awaits Kishore Biyani

Despite the dispute with Amazon, Future group and Reliance seem determined to execute their nearly Rs 25,000-cr transaction. What is Kishore Biyani left with?

Top headlines: Rs 1.45 trn to boost manufacturing; green shoots in retail

From government announcing new plan to boost domestic manufacturing to SpiceJet reporting loss in its September quarter, here atop headlines this morning

ArcelorMittal-Nippon JV launches brands in HR steel, rolled plate segments

Products will be sold via the firm's hypermarkets and will largely target users in the MSME space

Covid-19 to redefine focus towards organised retail and e-commerce

As in the case of all segments, Covid-19 has impacted real estate too; the Unlock 5.0 phase has accelerated the pace towards recovery, and it will not be long before the economy rebounds fully

Top headlines: Govt staff to get more pay, Tata chases e-commerce deals

From Tata eyeing stake in e-commerce firms to bolster retail segment to World Bank declaring Covid as a catastrophe, Business Standard Brings you top news of the evening

Reliance said to offer 40% stake in retail unit to Amazon for $20 bn

Reliance Industries Ltd is reported to have offered a 40 per cent stake in its retail arm worth about $20 billion to Amazon.com, Inc

Focusing only on retail may not be prudent for banks currently: SBI MD

At a time when the economy is facing challenges, banks should not solely focus on the retail segment as sluggish growth can impact this category of loans, a top banker said

RBI releases framework for retail payments; invites applications from firms

RBI said the application for setting up the umbrella entity should contain a detailed business plan

Tier-2 and 3 consumers more hopeful of rebound in retail: KPMG report

Nearly 22 per cent consumers in tier-2 cities and 30 per cent in tier-3 towns feel their spending will either increase or remain the same as prior to Covid-19

Weekly economic indicators: Spike in retail footfalls, net use tones down

Some moderation in gains even as unlock continues

Retailers to gain from easier norms, recovery longer for malls, multiplexes

The relaxation also comes as a relief given that consumption segments were impacted by the slowdown even prior to Covid-19

Orders restricted to a fraction amid lockdown, no magic moment: Nykaa CEO

CEO Falguni Nayar says in an interview to Viveat Susan Pinto that consumers continue to focus on essentials

Public sector banks sanctioned Rs 5.66 trn in loans during March-April: FM

During March-April 2020, PSBs sanctioned loans worth Rs 5.66 lakh cr for more than 41.81 lakh accounts