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Jewellery retail

Malabar to focus on penetration, product and operation: Chairman

M P Ahammed, chairman of Malabar Gold & Diamonds shares insights on the jewellery retailer’s growth strategies, customer engagement tactics and expansion goals Bengaluru: Originating from a humble 400 sq. ft. jewellery store in Kerala, Malabar Gold & Diamonds has grown...

Jewellery brand Kushal’s raises Rs 284 crores in series B funding round

The funding will be utilised to build the brand and scale its retail presenceBengaluru: Fashion jewellery brand Kushal’s has raised Rs 284 crore in a series B funding round led by Lighthouse India Fund IV AIF, the companies said in...

Why South India is witnessing a renewed retail surge

Industry leaders on the factors propelling retail growth in South India and their projections for future expansion metrics in the region Bengaluru: South India is poised to see hectic expansions by retail brands in the coming years amid a surge in...

Kalyan Jewellers to open its 250th showroom in Ayodhya

The Kerala-based jewellery firm said it plans to open additional 30 showrooms in the ongoing fourth quarter of 2023-24 fiscal in India and the Middle EastNew Delhi: Kalyan Jewellers on Friday said it will open its 250th showroom in...

Nirav Modi seeks permission to appeal extradition to India in UK top court

If the former retailer’s attempt to have his appeal heard in the Supreme Court fails, in principle, Nirav Modi can apply to the European Court of Human Rights (ECHR) to try and block his extraditionBy Aditi KhannaLondon: Fugitive diamond merchant...

Kalyan Jewellers India Q2 PAT up 54.02 pc at Rs 105.92 cr

Revenue from operations of the company grew by 20.22 per cent during the quarter under review to Rs 3,472.91 crore, compared to Rs 2,888.69 crore in the same period a year agoMumbai: Kalyan Jewellers India on Thursday reported a 54.02...

Organised jewellery retailers stare at halving of revenue growth

Revenue growth of organised jewellery retailers is set to slide 500-600 basis points (bps) to 5-6 percent over fiscals 2020 and 2021, following triple headwinds of higher import duty, elevated gold prices, and sluggish demand. That’s half the compound annual...

Jewellery stores overcomes note-ban shadow, see jump in gold sales on Akshaya Tritiya

With cash flow almost normalising after demonetisation, customers on Friday thronged jewellery shops across the country to celebrate Akshaya Tritiya. "We are seeing good footfall in our stores. In the last two months, after demonetisation, people have again started buying...

Low demand from jewellers due to cash crunch leads to fall in gold prices

Gold prices fell by Rs 30 to Rs 27,900 per 10 grams on Monday owing to slackened demand from jewellers, even as the metal strengthened overseas. Silver, however, advanced by Rs 350 to regain the Rs 40,000 per kg mark on...

From occasion-based purchase to everyday use: Jewellery retail shines bright in India

The jewellery market in India is one of the largest in the world. With a multitude of players in both organised and unorganised spaces, consumers are spoilt for choice. According to a recent report by the Indian Brand Equity...
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Toys“R”Us to open up to 50 stores in India in 3 years: Nitin Chhabra, Ace Turtle

The company plans to open 12 Toys“R”Us stores in 2024 and 100 in five years, as per Nitin Chhabra...
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