Faizan Haider, ET Bureau, 15 March 2023 Value apparel brands are set to grow in India. The success of Tata Group’s Zudio that sells clothes below Rs 1,500 has prompted Reliance, Shoppers Stop and several global brands to enter the mass-priced retailing segment. While Reliance Retail is planning to launch a value apparel format, likely to be named ‘Youth’ to compete directly with Tata’s Zudio and Landmark group-owned Max, Shoppers Stop is coming up with a mass-priced brand, internally called InTune, people in the know said. Aditya Birla Fashion & Retail has been eyeing shoppers in tier-2 and -3 cities…
Tushar Goenka, Financial Express March 13, 2023 Flipkart Supermart, the online grocery delivery platform of the Walmart-owned ecommerce company, is betting on regional brands to unlock the next phase of growth. Over the past few months, the e-tailer has been listing brands and making them more readily available in cities where their recall value is high. The regional push targets staples and is pronounced across categories such as atta, tea, pulses, among others. So, instead of offering, say, just the Tata brand of tea, Flipkart also showcases local favourites like Nameri Tea for the residents of Assam. Similarly, instead of…
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Faizan Haidar, ET BureauJan 18, 2023 Tension has built up between retailers and malls across India, with leading malls planning to increase rentals every year instead of the current arrangement of every three years. Industry insiders said large retailers are opposing the move given the number of stores they operate. Malls usually sign nine-year agreements with the retailers with a 15% increase in rentals every three years. If rents increase 5% each year, retailers will have to shell out about 17% in three years. “It does not make any sense because we sign our properties for a long term, which…
ET Bureau, Dec 23, 2022 Reliance Retail Ventures, a subsidiary of Reliance Industries and the holding company of the group's retail businesses, signed definitive agreements to acquire German wholesaler Metro AG's India business - Metro Cash & Carry India-for a total cash consideration of ₹2,850 crore. As part of the deal, Reliance will get 31 large format stores in 21 cities as well as the realty portfolio that includes six store-occupied properties, 3,500 staff and Metro's 3 million B2B customers, of which 1 million are frequent buyers. The deal is subject to regulatory and other conditions and is expected to…
Geopolitical friction has again sparked renewed concerns over inflation and rising input costs for FMCG companies as @itmeansjustice @whysnavi write. @devangshu commented.
