store productivity Archives - Third Eyesight: leading management consultant - retail, consumer, fashion, food, textiles, home, strategy, India, business growth, marketing, ecommerce, omnichannel

Ikea India: Rewriting the Playbook

admin — Wed, 18 Feb 2026 12:58:00 +0000

Kartikay Kashyap, BrandWagon, Financial Express 18 February 2026 IKEA HAS BEEN around in India for about eight years, with another three years before that spent studying the market. It has developed a range that it deems “locally relevant-like the roti maker, the tava (pan), the belan (rolling pin), and the pressure cooker -which now constitute […]

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Depresso! Cafés go through the grinder

admin — Thu, 09 Jan 2025 00:03:00 +0000

Sagar Malviya, Economic Times 9 January 2025 Starbucks, Barista, Chaayos and Third Wave Coffee are among café chains facing the brunt of a slowdown in discretionary consumer spending. The impact is more severe for these retailers as they opened hundreds of new stores last fiscal year even as losses widened. To be sure, smaller chains […]

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Reliance Retail targets quick commerce market, challenging Blinkit, Swiggy’s Instamart

admin — Mon, 07 Oct 2024 16:31:00 +0000

Writankar Mukherjee, Economic Times 7 October 2024 Reliance Retail has initiated efforts to enter the thriving quick commerce market in a move that is set to escalate competition for Zomato-owned Blinkit, Swiggy Instamart and BigBasket, among others. The country’s largest retailer has started offering quick commerce services in select areas in Navi Mumbai and Bengaluru […]

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Big retailers, Reliance to Titan, slash jobs by 52,000 in FY24

admin — Mon, 19 Aug 2024 08:57:00 +0000

Around a dozen lifestyle, grocery retailers, and quick-service restaurants cut about 26,000 jobs in FY24. This decline followed a slowdown in store expansions amid weakening consumer demand. Leading this staff reduction were Reliance Industries' retail arm and other major retailers. Still, some retailers, such as Shoppers Stop, continued to expand.

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Uniqlo India profit jumps 25%, sales growth declines

admin — Sat, 10 Aug 2024 13:04:42 +0000

Uniqlo's sales growth in India slowed to 32% last fiscal year, but its net profit increased by 25%. The company reported a net profit of ₹85.1 crore with revenues totaling ₹824 crore for FY24. Despite a tough market, Uniqlo aims to expand by introducing smaller stores in both existing and new cities in India.

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Reliance cuts 11 per cent of workforce on retail cool-off

admin — Fri, 09 Aug 2024 12:34:45 +0000

Reliance Industries cut its workforce by 42,000 employees in FY24, focusing on cost-efficiency and reduced hiring, particularly in the retail division. The company's retail employee strength dropped to 207,000, and Jio’s employee count also decreased. Despite workforce reductions, employee benefits expenses rose 3% to Rs 25,699 crore.

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Consumption slowdown is forcing retailers to scale back & shut shop in unprofitable markets

admin — Sun, 28 Jul 2024 16:32:00 +0000

Top retail chains like Reliance Retail, Shoppers Stop, and Spencer's are closing underperforming stores due to prolonged consumption slowdown. Reliance closed 249 stores, Spencer's exited North and South India. Companies are focusing on rationalizing networks and controlling costs to sustain operations amid weak demand and external challenges like heatwaves and elections.

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Stop, thief! Retail giants are facing a new ‘lifting’ problem – not just from customers, but also staff & vendors

admin — Sat, 15 Jun 2024 12:51:00 +0000

Kolkata & New Delhi, 15 June 2024 Writankar Mukherjee and Faizan Haidar, Economic Times Indian retail is increasingly bedevilled by shrinkage or the loss of inventory due to shoplifting by customers, theft by employees, vendor fraud and supply chain errors. As a percentage of sales, shrinkage has risen at retail chains in India with industry […]

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Decathlon FY23 sales shoot up 37% in India

admin — Thu, 26 Oct 2023 05:21:00 +0000

Decathlon's India unit experienced a 37% increase in sales to Rs 3,955 crore in FY23, driven by high demand for fitness wear and sports equipment. The company, which offers products for 85 different sporting disciplines, is larger than Adidas, Nike, and Asics combined in India.

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CCD get some respite as bankruptcy proceedings stayed for now

admin — Mon, 28 Aug 2023 14:32:00 +0000

Drop in outlets by almost 75% since FY19; group debt drops to Rs 1,711 crore in FY23 from Rs 7,214 crore in FY19

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