Inside Retail Asia breaking news, supplier information, product launches and consumer campaigns within the India retail sector.
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Retail Association of India CEO Kumar Rajagopalan has said that if the country’s retail lockdown continues through to June, 30 per cent of retailers will collapse and 1.8 million jobs will be lost.
International fast food chain McDonald’s logo has been altered in some global markets to emphasise the importance of social distancing during the coronavirus crisis.
Reliance Retail Ventures Limited has bought Indian retailer Shri Kannan Departmental Store for US$20 million.
Malls in India affected by the coronavirus outbreak are seeking a bailout from the government to compensate for losses incurred during a mandatory shut down period through to March 31.
Digital payments in India have risen by 10 per cent over the last month, despite a 30-per-cent decline in online travel spending.
Indian e-commerce platform Flipkart has filed for approval from regulatory authorities to conduct food retail in the territory.
Giordano group sales fell 11.9 per cent last year to US$624.6 million with sales at physical stores falling by 9.6 per cent and to franchisees by 24.2 per cent.
Indian retailers are staging a three-day Samsung boycott in response to the firm’s exclusive discounting deals with e-commerce operators.
South Korean fast-fashion brand 2358 says it plans to open 100 stores in India by the end of this year.
Indian conglomerate Reliance Brands is launching a luxury fashion in e-commerce portal through its online fashion site Ajio.
H&M in India is planning a broad expansion beyond tier I cities into smaller population centres.
Premium furniture and home-decor manufacturer Stanley Lifestyles in India has launched a new flagship in Bangalore as part of its extensive expansion plans for the region.