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Decathlon plans to invest Rs 933 crore in India to open more stores

TFW Bureau Aug 22 2024 - 2 min read

Decathlon Sports India CEO Sankar Chatterjee confirmed its expansion plans that also include investing in digital platforms, apps and websites. "We believe that we have a strong growth potential in India for Decathlon, and Decathlon India is one of the important countries for Decathlon United. We are trying to invest 100 mn Euro in the ...

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Neville Tata Takes Over Star Bazaar

TFW Bureau Aug 21 2024 - 1 min read

Neville Tata has taken over as CEO of Star Bazaar, Trent Ltd.’s hypermarket division, a significant Tata Group retail business.Trent Ltd. has designated the hypermarket segment as a primary growth target, under the direction of Chief Executive P Venkatesalu. 66 Star Bazaar outlets are run by Trent Hypermarket, a 50:50 joint venture between Tata and ...

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Quick commerce platforms score big on Raksha Bandhan, record peak sales

TFW Bureau Aug 21 2024 - 2 min read

It rained revenue for quick commerce platforms on the occasion of Rakshabandhan as India ditched exhaustive post-office shopping for quick hassle-free deliveries. Blinkit, which holds about 40% share of the quick commerce market, sold about 700 rakhis every minute. “We’ll cross all-time high orders in a day on blinkit in a couple of minutes. We ...

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Delhi-NCR, Kolkata, Bengaluru experience drop in demand for warehousing spaces in Jan-Jun; Chennai sees 3-fold jump: Vestian

TFW Bureau Aug 20 2024 - 2 min read

Delhi-NCR witnessed a 77 per cent decline in leasing of warehousing and logistics spaces during January-June this year, while Chennai saw a 3-fold jump in demand, according to real estate consultant Vestian. As per Vestian’s latest Warehousing and Logistics Sector review for January-June 2024, the absorption of warehousing and logistics spaces in January-June across seven ...

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Merger of TCNS Clothing into Aditya Birla Fashion and Retail approved by the NCLT

TFW Bureau Aug 20 2024 - 1 min read

Aditya Birla Fashion and Retail Ltd (ABFRL) says the National Company Law Tribunal (NCLT) has approved the merger of the company with TCNS Clothing. The merger has been approved under a Scheme of Amalgamation by way of Merger by Absorption. The order, pronounced on August 2, 2024, was officially sanctioned by NCLT, with ABFRL confirming ...

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Bata eyes festive season boost, expansion as e-commerce drives growth

TFW Bureau Aug 20 2024 - 3 min read

Terming “sluggish consumption” as “temporary”, leading shoemaker Bata expects a revival in coming quarters, helped by festive season demand and retail expansion, according to its India chief executive director Gunjan Shah. The company expects e-commerce, which is now a “profitable” and “viable” business, to be its growth driver as it has been expanding online sales ...

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