Retail

Retail inflation spurts to 7-month high of 6.01% in Jan; wholesale inflation stays in double-digits

The wholesale price-based inflation in January showed a softening trend for the second straight month, as prices grew at a slower pace at 12.96 per cent

China’s third-quarter growth slows to 4.9%, power shortage, slowdown in property sector add to woe

Louis Kuijs of Oxford Economics said in a report that “ugly growth numbers” in coming months are likely to prompt Beijing to ease lending controls

American apparel giant Gap to close all UK, Ireland stores and shift business online

American clothing retailer Gap announced that it will close all of its 81 stores in the U.K. and Ireland by the end of 2021. It will shift its business to exclusively online.

Hit by COVID-19 and travel bans, Chennai’s seven-decade-old luggage chain Witco shuts down

Witco's managing director said it is unlikely that travel would go back to the model and scale that existed before the COVID-19 pandemic

Future Retail has requested a tribunal to obtain key permission for its asset sale of $3.4 billion to Reliance Industries

The legal battle ensuing between the companies Amazon, Future Retail and Reliance has been going on since last year itself.

Union Budget 2021: After pandemic disruption, time to focus on demand side of economy

The economy has lately shown some green shoots and several high-frequency indicators are reaching the pre-COVID level of production, bolstered by a combination of festive/pent-up demand.

Bachi Karkaria's Tales from TJ Road: A kirana shop's makeover embodies migrant enterprise, Mumbai's 'metromorphosis'

Through this fortnightly column, Tales From TJ Road, Bachi Karkaria tells the story of Mumbai's metromorphosis

Lakme Fashion Week 2020 kicks off 'seasonless' digital edition, as hopes ride on online sales in face of coronavirus pandemic

Following a parched few months in luxury retail, can digital fashion weeks like LFW offer greater business to designers?

Reliance Industries' retail arm RRVL to acquire Future Group businesses for Rs 24,713 cr

The Reliance Retail Ventures Ltd (RRVL), a subsidiary of Reliance Industries Ltd will acquire the retail, wholesale, logistics and warehousing businesses of the Future Group on a slump sale basis

Delhi: I-T department raids premises of Chinese entities, associates with suspected hawala links for alleged money laundering

The search revealed that a subsidiary of a Chinese company, related concerns took over Rs 100 crore advances from shell entities for opening retail showrooms