Category: India Retail News
Primark says UK market share has risen after Covid lockdown | Business
The budget clothing chain Primark has said its UK market share has increased after customers flocked back since it reopened all its stores, with trading better than expected. Primark, owned by Associated British Foods, said customer spending on clothes, footwear and accessories had been recovering since hitting a low point in April during the Covid-19 …
Primark says UK market share has risen after Covid lockdown | BusinessRead More
Amazon bans sales of foreign seeds in the U.S. after mystery packets, Retail News, ET Retail
San Francisco: Amazon has banned sales of imported seeds in the United States after thousands of Americans said they had received packets of seeds they had not ordered, mostly from China. “Moving forward, we are only permitting the sale of seeds by sellers who are based in the US,” the e-commerce giant said in a …
Manish Tiwary gets additional mandate to manage Amazon India seller services
Amazon India Vice-President for Consumer Business Manish Tiwary has been given the additional mandate of the seller service unit, according to the company. Amazon India Vice President (Seller Services) Gopal Pillai, who had relocated to India from Seattle in 2015, will be returning to the US after the five-year stint, the company said in a …
Manish Tiwary gets additional mandate to manage Amazon India seller servicesRead More
Amul to invest Rs 1,500 crore in 2 years to set up dairy, edible oil, bakery, potato processing plants
GCMMF, which markets dairy products under the Amul brand, will invest around Rs 1,000 crore over the next two years to set up milk processing plants, and another Rs 500 crore on facilities for new products like edible oil, its MD R S Sodhi said. In an interview with PTI, Sodhi said the Gujarat Cooperative …
PVR defers major capex plans amid pandemic
As the coronavirus pandemic and the eventual lockdowns have brought the multiplex industry to a grinding halt, PVR has deferred a significant portion of its capital expenditure (capex) plans and it will reassess them once the shutdown is over and its operations resume. Nitin Sood, Chief Financial Officer (CFO) of PVR has said that owing …
Rethinking retail post-COVID-19 – Indiaretailing.com
In what felt like an overnight shift, the way that small businesses traditionally interacted with their customers stopped, changed or morphed. Among those most vulnerable are the smaller retailers without an online presence that depend on their customers to walk through their doors. While many states are beginning to reopen, a lot of uncertainty still …
Rethinking retail post-COVID-19 – Indiaretailing.comRead More
Norway’s Orkla Foods acquires majority stake in Kochi-based Eastern Condiments
Oslo-headquartered Orkla Foods said it has entered into an agreement to acquire 67.8 percent of the shares in Kochi-based Eastern Condiments Private Limited. With this move, the Norwegian consumer goods supplier will double its sales in India, the company said in a statement. Orkla said it already holds a strong position in the Indian branded …
Norway’s Orkla Foods acquires majority stake in Kochi-based Eastern CondimentsRead More
Future Retail logs Q4 net loss of Rs 477.63 crore
Future Retail Ltd (FRL) reported a consolidated net loss of Rs 477.63 crore for the quarter ended March 2020. According to a PTI report: The company, which owns brands like Big Bazaar, fbb, Foodhall, Easyday and Nilgiris, had posted a net profit of Rs 199.31 crore in the January-March quarter a year ago. Mukesh Ambani’s …
