So, why another website for Retail?
Whenever I wanted to look up about a Consumer Brand in Fashion or FMCG, Retail chain or regional behemoth, the only solace was “Google”. While I looked up for one particular information, the site would throw up so many interesting information that after a while, I would wonder what did I first came looking for. Time would have elapsed, still I wouldn’t have got what I came seeking…
Thus, “Retail Updates” was born first in my mind and it took me a fortnight to put the initial website together, all by myself while searching for latest industry anecdotes and my own analysis of key industry impacts, including listed companies as well as small time players.
I have been writing my views on Retail for the past 14 years, so this portal is a natural extension to that extent, just that this would carry a lot more information than what is already being covered (or not adequately covered, perhaps) on the world wide web and beyond. News and Views, as they are, without mincing words, just how I am used to be in real life. My intention is to gather and offer as much information as possible about consumers, retail brands and retailers. From India and beyond. This is just a beginning.
PS: E&OE – meaning Errors and Ommisions expected. I am not a Media moghul, nor a seasoned journalist like many out there. Rather, I am a Retailer by Profession and Choice since 1997. So, views expressed here are absolutely mine and I try my best to remain unbiased and call things spade as they are. But do let me know if there are any inadvertent errors or mistakes and happy to correct.
Afterall, today is my first day in Retailing. Every day is. Thanks for passing by.
S. Shriram,
Editor in-Chief, Retail Updates.
Of the Industry, For the Industry, by an Industry veteran.
Ethos Q3 reflect Consumer Optimism
India’s largest premium watches retail chain “Ethos” announced Q3 FY 22-23 results on 3 Feb. ‘23. The numbers are reflective of the current mood of the aspirational class of consumers in India which has been on a spending spree. Q3 typically has the most number of weddings, though 2022 was a bit different. Still, Revenue…
Manyavar parent SSSG grows 47% over FY20
Though there were significantly fewer Muhurats and lesser number of weddings during Q3 FY 22-23, Vedant Fashions, which owns and operates brands such as Manyavar, Mohey, Mebaz, Twamev and Manthan reported healthy growth in its revenues, Gross Margins, EBITDA and PAT. The company operates 640 Exclusive Brand Outlets in 242 cities in India and abroad.…
PVR opens at Chennai Airport
Airport privatisation process began in 2004 during the UPA rule when the former Prime Minister of India Shri. Manmohan Singh of the Indian Congress Party came to power. In 2006, the existing assets of Mumbai and Delhi Airports were given to GMR Group and GVK group respectively to redevelop. New greenfield airports would come up…
Reliance Retail reports Rs. 67,000 Cr Q3 revenues
Coupled with a buoyant spending economy during the festival and wedding season across the country, Reliance Retail reported Rs. 67,623 Cr in total revenues for Q3 FY 22-23, a growth of 17% YoY, the company reported its Financial results on its website. The conglomerate added 789 stores during the three month and reported a 32%…
PVR Cinemas admits reduce in Q3 compared with 2019
PVR Cinemas, India’s largest multiplex chain had 1.78 lakh seats across 821 screens in India during the 9 months of FY 19-20. During the same period in FY 22-23, the company had 1.83 lakh seats (3% growth) to offer across 884 screens. However, the number of admissions, (read: tickets sold) dropped by a whopping 20%…
D’Mart Q3 Results looks promising
DMart sales soar during India’s top festive period
Costa @ 100 in India
Costa Coffee opened it’s 100th location in India. The company entered India in 2008.
PVR+INOX to have 1,600 screens by April
On 27 Mar. ’22, PVR Cinemas and Inox Movies announced that they were merging to form a large conglomerate. By April 2023, the merged entity would be operating around 1,600 screens across India. For the record, there are an estimated 8,000+ movie screens in India currently. Pre-pandemic, this would be around 10,000+. The Competition Commission…
3-Star Michelin restaurant NOMA to shut down
A meal at this restaurant in Denmark costs USD 500 a person. When “Noma” was first named the world’s best restaurant in 2010 on Restaurant magazine’s influential list, it received about 100,000 reservation requests a month for its 40-seat dining space. It was named the world’s best restaurant again four more times. The restaurant has…
Louis Vuitton creates Insta filter for collaboration with ace designer
For the second time, Louis Vuitton has invited the preeminent Japanese artist Yayoi Kusama to a new creative encounter, reawakening, evolving and expanding on the pioneering initial exchange. The launch of the collection is celebrated with a campaign starring internationally renowned supermodels. Blending the creativity of Yayoi Kusama and the savoir-faire of Louis Vuitton, the new…
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