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Category: India Retail News

For retail resurgence, brands & retailers must focus on fundamentals today, disruption tomorrow: BCG Report

Retailers Association of India (RAI) is organizing its flagship event, The Retail Leadership Summit, with Boston Consulting Group (BCG) as their lead knowledge partner. At the backdrop of the event, RAI-BCG unveiled a report titled ‘Retail Resurgence in India: Leading in the New Reality’ that highlights how the buying preferences of consumers have changed due …

For retail resurgence, brands & retailers must focus on fundamentals today, disruption tomorrow: BCG ReportRead More

Ikea UK loses £33m after closing stores for nearly three months | Ikea

Ikea’s UK business dived nearly £33m into the red last year after it was forced to close stores for nearly three months during the pandemic. The world’s largest furniture retailer said UK sales fell more than 10% to £1.9bn in the year to 31 August, even though online sales increased by nearly a third. Ikea …

Ikea UK loses £33m after closing stores for nearly three months | IkeaRead More

L Brands (LB) reports Q4 2020 earnings

A customer carries a shopping bag while exiting a Victoria’s Secret Stores LLC store, a subsidiary of L Brands Inc., in New York, U.S., on Wednesday, Nov. 14, 2018. Bloomberg | Getty Images Victoria’s Secret parent L Brands on Wednesday reported fourth-quarter earnings that topped analysts’ estimates, but sales fell short due to weakness at …

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Gap to invest $140 million into Texas warehouse as online sales swell

A pedestrian walks by the closed GAP flagship store on August 18, 2020 in San Francisco, California. Justin Sullivan | Getty Images Gap said Wednesday it will invest $140 million to construct a distribution center in Longview, Texas, as part of its effort to double its online business over the next two years. Upon completion, …

Gap to invest $140 million into Texas warehouse as online sales swellRead More

U.S. retail sales to rise 6.5% to 8.2% in 2021, National Retail Federation says

Customers wearing protective masks exit a Uniqlo store in San Francisco, California, on Wednesday, Feb. 17, 2021. David Paul Morris | Bloomberg | Getty Images Retail sales are expected to grow this year between 6.5% and 8.2%, amounting to more than $4.33 trillion in sales, as the U.S. economy begins to reopen, and more and …

U.S. retail sales to rise 6.5% to 8.2% in 2021, National Retail Federation saysRead More

Deepika Padukone is global brand ambassador for Levi’s

Style icon and heartthrob Deepika Padukone sets the tone for 2021 with a bang as the Levi’s® global brand ambassador. A first for any denim brand in India, as well as for Deepika, this announcement comes with the launch of a range of denim fits for all body types. For over 85 years, Levi’s® has been obsessed with making the perfect pair of …

Deepika Padukone is global brand ambassador for Levi’sRead More

Why Keurig Dr Pepper is more than a pandemic play

A Keurig Green Mountain machine Daniel Acker | Bloomberg | Getty Images Keurig Dr Pepper is no ordinary pandemic play. The company’s coffee business received a jolt when office workers started working from home, forming habits that will stick around even after staffers return to their cubicles. Keurig Dr Pepper also stands to gain from …

Why Keurig Dr Pepper is more than a pandemic playRead More

ABFRL picks up 33.5% stake in Tarun Tahiliani brand to enter men’s premium ethnicwear segment

India’s leading fashion company, Aditya Birla Fashion and Retail Limited has announced a strategic partnership with India’s ace designer Ta run Tahiliani to form a new entity that will soon launch a contemporary men’s ethnic wear brand. The new brand will operate in the premium occasion wear segment and will offer the entire range of …

ABFRL picks up 33.5% stake in Tarun Tahiliani brand to enter men’s premium ethnicwear segmentRead More

Lowe’s (LOW) earnings Q4 2020 beats

Shoppers wearing protective masks wait in line to enter a Lowe’s Cos. store in San Bruno, California, U.S., on Wednesday, May 20, 2020. David Paul Morris | Bloomberg | Getty Images Lowe’s said Wednesday that its fourth-quarter same-store sales climbed 28.1%, as consumers continued to spend money on home projects during the pandemic. That’s higher …

Lowe’s (LOW) earnings Q4 2020 beatsRead More

Snapdeal and Just Shopping directed to pay Rs 20,000 to consumer, Retail News, ET Retail

TIRUNELVELI: The Tirunelveli district consumer grievances redressal forum has directed ecommerce company Snapdeal and Bengaluru-based Just Shopping Private Limited to pay Rs 20,000 to a consumer for deficiency in service by not replacing a faulty mobile phone that was delivered to him in April 2016. Counsel A Brammanayagam said Abdul Rahman placed an order for …

Snapdeal and Just Shopping directed to pay Rs 20,000 to consumer, Retail News, ET RetailRead More

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