Retail

Retail

500th Croma store opens in Chennai

TFW Bureau May 23, 2024 - 1 min read

Coming from the house of Infiniti Retail Ltd., part of the Tata Group, consumer electronics retail chain Croma, has achieved the milestone of 500 stores with the opening of its latest store in Chennai, Tamil Nadu, according to a social media post by a company official. In the fiscal year 2024, the company opened 149 ...

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Retail

Lenskart opens first kids-only store in India

TFW Bureau May 17, 2024 - 1 min read

In its bid to address the growing rate of myopia in children, home grown eyewear giant Lenskart has opened its first kids-only store in India. As per reports, In India alone, the rate of prevalence of myopia is as high as 21.19% in 5 to 15-year-old urban children, and is projected to reach over 50% ...

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Kalyan Jewellers posts 34.09% increase in Q4 FY24 revenue over Q4 FY23

TFW Bureau May 13, 2024 - 1 min read

Profit before tax for the quarter stood at Rs 183.67 crore, enabling the retailer to register a growth of 93.97% from Rs 94.69 crore posted in Q4 FY23. EBITDA stood at Rs 306.2 crore in fourth quarter of FY24, registering a growth of 19% as compared with Rs 256.7 crore in Q4 FY23. EBITDA margin ...

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ASICS to double number of stores by 2026

TFW Bureau May 07, 2024 - 1 min read

ASICS India has collaborated with ace Tennis Player Rohan Bopanna to inspire people from all walks of life to experience advantages of the journey toward physical and mental wellness. The Japanese sports performance brand, which has a presence with 103 stores nationwide, aims to expand and add more brand stores in Tier I, II, and ...

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SPARKLING GROWTH FOR TITAN’S JEWELLERY SEGMENT, INTERNATIONAL EXPANSION ON CARDS

TFW Bureau May 03, 2024 - 1 min read

As per Titan’s Q4 results for FY23, the retailer’s growth is being led by its jewellery segment, as the wedding segment improves its performance. As per industry reports, the jewellery segment will grow around 18.5 percent, with a five-year revenue CAGR of 21.4 percent. As per Q4 business update, the emerging business segment is anticipated ...

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FirstCry refiles IPO papers, reports December revenue at Rs 4,814 crore

TFW Bureau May 01, 2024 - 1 min read

Brainbees Solutions, the parent firm of retailer FirstCry, has refiled its draft initial public offering (IPO) papers with the Securities and Exchange Board of India (Sebi), days after the markets regulator told the firm to come up with additional clarity on some key performance metrics. According to the updated draft red herring prospectus (DRHP), the Pune-based ...

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Trent Limited, reported a 15-fold Y-O-Y rise in consolidated net profit at Rs 712 crore

TFW Bureau Apr 29, 2024 - 2 min read

Trent Limited, which owns and operates fashion and lifestyle retail chains such as Westside, Zudio and Utsa, reported a 15-fold year-on-year rise in consolidated net profit at Rs 712 crore in the quarter ended 31 March, 2024. The company had reported a net profit of Rs 45 crore in the year-ago period. Revenue from operations increased 51 percent ...

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Lenskart witnessed a remarkable surge in sales for FY23, exceeding a staggering 150%, bringing it closer to the INR 4,000 cr

TFW Bureau Apr 26, 2024 - 1 min read

Lenskart, led by Peyush Bansal, saw its sales approach the INR 4,000 crore milestone in the fiscal year ending March 31, 2023. The Delhi-NCR startup disclosed sales of INR 3,788 crore for FY23, marking a notable 152% surge from INR 1,502.7 crore in the preceding fiscal year. The company predominantly generated 95% of its revenue ...

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Lenskart eyeing $5 billion valuation, in talks with Temasek, Fidelity for $200 million infusion

TFW Bureau Apr 25, 2024 - 1 min read

Singapore’s Temasek and US’ Fidelity are in discussions to invest around $200 million in Lenskart through a secondary share sale at a valuation of about $5 billion, as per an official report. Temasek (which is already an existing investor in Lenskart) is expected to lead the investment round with $125-150 million as per reports, while ...

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Growing at 18%, Reliance Retail's revenue to surpass Rs 3 lakh crore in FY24

TFW Bureau Apr 23, 2024 - 1 min read

Reliance Retail Venture Ltd (RRVL), the retail arm of billionaire Mukesh Ambani-led Reliance Industries, on Monday reported a 17.8 per cent increase in its annual revenue at Rs 3.06 lakh crore in FY24. In the fourth quarter ended March this year, Reliance Retail's consolidated gross revenue stood at Rs 76,627 crore, up 10.62 per cent ...

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