Written By Seetharaman G The joint venture’s supermarket chain Star has been struggling to make a mark with only 57 stores across the country, compared to Reliance Retail’s 797 and DMart’s 214. Pushed into a corner, Star now has little choice but to think big India’s supermarket war seems to be in its endgame. With the dust finally settling, the field is littered with the corpses of those who have tried and failed to make it their own. Some of India’s biggest conglomerates, like Aditya Birla Group and the Godrej Group, gave up the ghost and sold out. India’s top…
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Written By Devika Singh According to Euromonitor International, the luggage market in India was valued at Rs 8,495 crore in 2019 and is estimated to degrow to Rs 7,305 crore in 2020, due to the impact of the Covid-19 pandemic A recovery in this category, experts predict, could be expected only in FY22, as demand will remain muted. The luggage category has taken a big hit this year as travel came to a standstill, severely impacting its outlook for FY21. Some of the big players operating in the segment, the likes of VIP Industries, Safari Industries and Samsonite India, have…
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Written By Haripriya Suresh & Shilpa S Ranipeta E-commerce in India is only a small fraction of the entire retail sector, leaving room for changeover and growth, especially with the enablement of offline retail. Reliance Industries Chairman Mukesh Ambani had been teasing the company’s grand plans for ‘new commerce’ for years now, touted as the next big e-commerce disruptor. Taking the stage at Reliance’s annual shareholder meeting on Wednesday, Ambani made two very important announcements. One was that Reliance Retail was receiving global investor interest. The other: JioMart would be expanded beyond grocery. With a massive offline presence, Reliance Retail…
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Written By Devika Singh Start-ups such as HipBar, Drinkify and Liqhub tried their hands at alcohol delivery in the past, but hit regulatory hurdles Zomato, for instance, has a total of 250 retailers on board so far, and has plans to partner with all the authorised government retailers in the cities where it is active. Alcohol delivery is emerging as the next big thing in India’s e-commerce scene. BigBasket and Amazon recently acquired licences for delivering alcohol in West Bengal. Food aggregators Swiggy and Zomato are already offering alcohol delivery services in Jharkhand, Odisha and West Bengal. This could be…
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Written By Peerzada Abrar The companies said this investment builds on the long-standing engagement between the two organisations that have been working together for several years Arvind Fashions has a portfolio of renowned brands, both international and indigenous The Flipkart Group has invested Rs 260 crore for a significant minority stake in retailer Arvind Fashions’ (AFL) recently formed subsidiary Arvind Youth Brands, which owns the Flying Machine brand. The companies said this investment builds on the long-standing engagement between the two organisations that have been working together for several years to address the demands and needs of the fashion-conscious youth…
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