Lalit Agarwal
Retail
Lockdown 3.0: More shops expected to re-open but confusion reigns, say retailers
Retailers and traders expect to re-open more shops from Monday under the new relaxed guidelines by the government for the extended lockdown period till May 17, although they are still seeking clarity from local authorities.
According to a PTI report:...
Food
Anticipated lockdown extension, adequate stock in place, say retailers
Retailers on Tuesday assured there is enough inventory to meet the demand during the extended lockdown period, stating they had stocked up in anticipation of such a move from the government to curb the spread of coronavirus pandemic.
According to...
Food
Retailers say enough stock if there is no panic buying; put restrictions on purchase quantity
Retailers on Wednesday said there is enough stock of essential items and groceries if people do not resort to panic buying, while some organised players put caps on items that a consumer can purchase during the lockdown.
According to a...
Retail
V-Mart Retail to open 40 stores in FY21, invest Rs 70 cr
Value fashion and lifestyle products retailer V-Mart Retail plans to invest up to Rs 70 crore to open around 40 stores in 2020-21, a top company official said.
According to a PTI report: The company already has 260 stores in...
Retail
Future Forecast: Retail industry expects growth in second half of 2020
IANS -
As economic slowdown continues to hurt sales, the Indian retail industry expects to bounce back in the second half of 2020 on the back of consumer demand revival and increased spending according to a report in PTI.While major players struggled to keep themselves...
Retail
Massive Store Closures: Retail Apocalypse or Repositioning of Retail?
The Retail Industry is going through a massive transformation globally. With changing preferences, way consumers shop has drastically evolved over the past few years. Today, shoppers demand experiences and smart brands are making an honest effort to provide them...
Who’s Who
Lalit Agarwal, Chairman and Managing Director, V-Mart Retail Ltd
Lalit Agarwal,
Chairman and Managing Director,
V-Mart Retail LtdLalit Agarwal is the Chairman and Managing Director of V-Mart Retail Ltd. He is a retail baron who has a rich experience in diverse fields of the industry. He has a proven track...
Retail
Festival sales dip 40 pc in retail stores, footfall down 60 pc
IANS -
As a consumption slowdown grips the economy, even festival season sales (September-October) have taken a massive hit this year, with sales down around 40 per cent compared to a year-ago period.The Secretary General of the Confederation of All India...
Fashion
V-Mart to hire 2,000 people; invest Rs 115 cr for 60 new stores, back-end support in FY20
Value fashion and lifestyle products retailer V-Mart Retail would hire 2,000 people and invest Rs 115 crore this fiscal to expand its footprint, a top company official said.According to a PTI report: The retailer, which mainly operates in tier-II...
Retail
V-Mart clocks 25 pc y-o-y revenue growth, 34 pc EBITDA growth
V-Mart Retail, India’s leading value fashion retailer, announced its audited financial results for the first quarter of FY20. For the first quarter, the company reported net revenue at Rs 4,530 million, up 25 percent year-on-year from Rs 3,612 million....
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Latest News
How fashion brands are leveraging AI
From product design to marketing and virtual try-ons, here’s how the fashion majors are adopting AI in their businessTop...
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