In June, large size retailers (more than Rs 300 crore revenue) witnessed a degrowth of 59 percent YoY and small retailers (<Rs 300 crore sales) witnessed a degrowth of 69 percent YoY. Region-wise findings indicated West at -74 percent YoY and North at -71 percent YoY continued to suffer the most. East and South both signalled a 62 percent on year fall in sales. … [Read more...] about KV Kamath committee report: FMCG, corporate retail outlets among 26 sectors listed for restructuring
Retail
Reliance Retail-Silver Lake deal: All you need to know about Silver Lake Partners
Silver Lake made its debut investment in India in 2013 when it picked up a minority stake in Bengaluru-based Ekta Software which builds software for commodity trading. … [Read more...] about Reliance Retail-Silver Lake deal: All you need to know about Silver Lake Partners
Reliance Retail-Silver Lake deal: RIL’s AGM in July had feelers about investments in its retail business
Commenting on the transaction with Silver Lake, Ambani said, “We believe technology will be key to bringing the much-needed transformation in this sector so that various constituents of the retail ecosystem can collaborate to build inclusive growth platforms. Silver Lake will be an invaluable partnerin implementing our vision for Indian Retail.” … [Read more...] about Reliance Retail-Silver Lake deal: RIL’s AGM in July had feelers about investments in its retail business
Reliance Retail-Silver Lake Deal: 5 key things to know
>This deal is significant as RIL is expanding its retail business and lining up a posse of global investors to take on rivals such as Amazon and Walmart-owned Flipkart in the world’s second most populous country. … [Read more...] about Reliance Retail-Silver Lake Deal: 5 key things to know
American Express launches ‘Shop Small’ in India to help small retailers tide over COVID-19 impact
"The pandemic has changed the way all of us live, eat and shop. Shop Small by American Express is a welcome initiative as it encourages us to get back to our lives and livelihoods and also ensures that small shops are supported. These kinds of initiatives help in bringing back the cheer to one of the largest growing economies of the world," said Kumar Rajagopalan, CEO, Retailers Association of India. … [Read more...] about American Express launches ‘Shop Small’ in India to help small retailers tide over COVID-19 impact
