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Decathlon now available on Zepto

Parina Sood, TFW Bureau Aug 23, 2024 - 1 min read

Decathlon, known international sports retailer, has taken to quick commerce and will now be available on Zepto. So, if you desire sports accessories, you can procure the same in 10 minutes via Zepto. The announcement was made by top Zepto executives on LinkedIn. Devendra Meel, Chief Business Officer, Zepto said on LinkedIn, “Your favourite sports...

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Stone Sapphire India appoints Shobhit Singh as CEO in a move to drive growth

TFW Bureau Aug 22, 2024 - 2 min read

Stone Sapphire India Pvt Ltd- known for its wide range of products, including toys, stationery, homeware, and sports equipment- has appointed Shobhit Singh as its new CEO. Shobhit Singh has been a key figure in driving innovation and growth at Stone Sapphire India. In his new role, he is expected to lead the company toward...

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GIVA opens flagship store in Delhi

TFW Bureau Aug 22, 2024 - 1 min read

Giva, a fine jewellery brand of silver, gold and lab grown diamonds, has opened its flagship store in Delhi. The new store is located in D Mall, Rohini, North Delhi. The news was shared by Rahuul Kakkar, Founder, Space Acquires. Headquartered in Bengaluru, GIVA has grown to be the largest D2C jewellery brand in India that has gained people’s trust as...

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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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Manyavar expands in UAE, opens new store in Dubai

TFW Bureau Aug 19, 2024 - 1 min read

Vedant Fashions Limited’ flagship brand Manyavar is expanding in the middle East market with the opening of a new store. The grand announcement was made by one of company’s top executive in a social media post. The new store is located in Silicon Central Mall in Dubai and marks a significant milestone for the brand...

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