Retail

Retail

Retail space demand in shopping malls rises 15% in Apr-Jun

TFW Bureau Jul 19, 2024 - 2 min read

Leasing of retail spaces in shopping malls rose 15 per cent annually during the April-June period to 6.12 lakh square feet across eight major cities on better demand from retailers, according to Cushman & Wakefield. Real estate consultant Cushman & Wakefield India data showed that the demand for retail space on major high streets across ...

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Retail

Lenskart Raises Nearly $20 Million with Major Contributions from Co-Founders Peyush and Neha Bansal

TFW Bureau Jul 18, 2024 - 1 min read

Eyewear retailer Lenskart has secured nearly $20 million in funding from its co-founders Peyush Bansal, Neha Bansal, Amit Choudhary, and Sumeet Kapahi. This marks their second investment in the company within the past seven months. According to a regulatory filing accessed from the Registrar of Companies (ROC), Lenskart's board approved a special resolution to issue ...

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Retail

PC Jeweller to raise Rs 2,705 cr via warrants; promoters to infuse Rs 850 cr

TFW Bureau Jul 18, 2024 - 3 min read

Promoters will infuse around Rs 850 crore into the company by subscribing to warrants issued by the company. In a regulatory filing on Saturday, PC Jeweller informed that its board has approved the proposal to raise funds up to Rs 2,705.14 crore by preferential issue of fully convertible warrants. “The funds will be utilised ...

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Retail

Budget FY25 should focus on tax relief to boost consumption: India Inc

TFW Bureau Jul 12, 2024 - 3 min read

The Union Budget FY25 should focus on offering relief to taxpayers, especially in the lower income brackets, to stimulate consumption, industry players suggested. Finance Minister Nirmala Sitharaman is scheduled to present the full Budget for fiscal 2024-25 on July 23 which will be the first major policy document of the new government. The industry also ...

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Retail

Carving Success: Bugatti’s ambitious Growth Plans for India

Parina Sood Jul 12, 2024 - 5 min read

 Tell us a bit about your professional journey.While I started my career in 2003 in the fabric business with Raymond Ltd, my journey into footwearbegan with Adidas in 2005, and I have not looked back since. I have over two decades ofomnichannel experience in building robust brands and inspiring teams in ...

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TBZ- The Original launches flagship store in Jaipur

TFW Bureau Jul 11, 2024 - 1 min read

Known jewellery brand TBZ- The Original has launched its flagship store in Jaipur, Rajasthan. The announcement was made by the brand on social media. Tribhovandas Bhimji Zaveri (TBZ- The Original) from Mumbai enjoys the market standing of 150 years and is known for quality and craftsmanship. The brand has been at the forefront of designing traditional ...

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Tanishq dazzles Delhi with another outlet

TFW Bureau Jul 10, 2024 - 1 min read

Well renowned jewellery brand Tanishq is all set to dazzle Delhi with its latest new store. The brand has expanded its retail footprint by opening a new showroom in Delhi’s Omaxe Chowk. The company has made the announcement in a press release. “We are thrilled to welcome Tanishq to Omaxe Chowk. This partnership underscores our ...

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Kalyan Jewellers shares Q1 FY25 results, posts 27% revenue growth

TFW Bureau Jul 09, 2024 - 1 min read

Kalyan Jewellers has shared its result for the first quarter of FY25. The company has posted a 27 per cent year-on-year increase in consolidated revenue, driven by strong performance in both Indian and Middle Eastern markets. The company had reported a consolidated net revenue of Rs 4,376 crore in the first quarter (April-June) of the ...

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Miniso announces brand’s first “Pink” store in Bengaluru

Parina Sood Jul 09, 2024 - 1 min read

Miniso, the well-known international product retailer, has announced the opening of its first store ‘Miniso Pink’ in Bengaluru. The latest store is located in Vega City Mall. The announcement was made on social media handle. Miniso is known for offering high quality household goods, cosmetics and food at affordable prices.

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Retail

Wooden Street opens its 98th Furniture Store in Chennai

TFW Bureau Jul 08, 2024 - 1 min read

Wooden Street, a leading name in India’s retail furniture industry, has announced the opening of its 98th store in the prominent Marina Mall in Chennai. This expansion is a significant step for the brand, which aims to bring quality and affordable furniture to homes across India. Marina Mall, located in OMR Egattur, is one of ...

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