India’s retail inflation declined to 4.85 per cent in March compared to 5.09 per cent in February this year, according to government data released on Friday. The Consumer Price Index (CPI)-based retail inflation was 5.66 per cent in March last year. The National Statistical Office, under the Ministry of Statistics and Programme Implementation, on Friday […]
In 2024, among the retail categories, the home décor segment is likely to expand in online and offline formats, while fashion and apparel players will continue expanding in tier-I cities across malls and high streets, according to a report ‘2024 India Market Outlook’ by CBRE South Asia Pvt. Ltd. Domestic jewellery brands are also expected […]
India’s retail leasing market is expected to reach between 6 – 6.5 million square feet in 2024, driven mainly by primary leasing activities while foreign luxury retailers are also entering India, according to a recent report. Highlighting the stable supply environment in the retail sector, the 2024 India Market Outlook by CBRE South Asia, underscores […]
The Reserve Bank of India has proposed cash deposits in banks through the Unified Payment Interface (UPI) mechanism. RBI has also proposed making UPI payments through Prepaid Payment Instruments (PPI) wallets. Announcing the monetary policy outlook, RBI Governor Shaktikanta Das said, “Deposit of cash through Cash Deposit Machines (CDMs) is primarily being done through the […]
The Open Network for Digital Commerce (ONDC) has witnessed a remarkable surge in monthly retail purchases, growing sixfold in the last six months to reach a staggering 3.6 million transactions in March. This significant increase, compared to over 600,000 purchases in September last year, reflects the growing popularity and widespread adoption of the platform, according […]
Innovation, leadership and diversity take centre stage at the second edition of BW Retail World Summit & Awards 2024 The 2nd edition of the BW Retail World Summit & Awards 2024 organised by BW Retail World in association with BW Businessworld concluded successfully in Delhi on March 28. The event brought together industry leaders, innovators […]
Executive Chairman of L’Opera, Kazem Samandari delivers keynote address emphasising retail’s significance in shaping India’s future growth at the second edition of BW Retail World’s Summit 2024 At the BW Retail World Summit & Awards 2024, Kazem Samandari, Executive Chairman, L’Opera, for this keynote address articulated insights into India’s developmental trajectory and the pivotal role […]
“As we navigate the ever-evolving landscape of Indian commerce, let us remain steadfast in our commitment to innovation, empathy, and progress. Together, we can redefine the future—one solution at a time”, stated Livpure’s MD & CEO, Rakesh Kaul In India, the rise of startups has ignited conversations about scalability and efficacy. Yet, amidst this entrepreneurial […]
Retailers address value vs premiumisation strategies with innovative approaches, shedding light on catering to diverse consumer needs effectively In a panel discussion on value vs premiumisation strategies, industry experts and entrepreneurs shed light on innovative approaches to cater to diverse consumer needs while maintaining a competitive edge. Chaired by Vivek Sethi, VP at Helloverify, the […]
Industry experts advocate concentrating on tier 2 and tier 3 cities for retail expansion, leveraging online data accessibility for precise market targeting In comparison to tier one metro areas, which attracted USD 1,295 million investment, the retail industry in tier two and tier three cities has attracted USD 6,192 million between 2006 and 2017. In […]
