Retail
Singapore International Arbitration Centre rules in favour of Amazon in Future Group case
The Singapore International Arbitration Centre (SIAC) has ruled in favor of Amazon in its dispute with Future Group, stating that Future's deal with Reliance Retail violated a prior agreement. The tribunal found Future Retail's resolution approving the sale of assets to Reliance breached contractual obligations. While Amazon sought ₹1,436 crore in damages, the tribunal awarded ₹23.
Big brands race to reduce reputational harm as more and more horror stories emerge from quick comm dark stores
Several brands in India are revising agreements with quick commerce platforms. This action follows food safety violations at dark stores. Marico, ITC, and Dabur are among the companies involved. They are updating clauses on storage and hygiene.
Walmart seeks fair play in global game, says CEO
Walmart's CEO, Doug McMillon, emphasizes the company's desire for a level playing field and consistent policies across all operating countries, including India. Despite current tariff challenges, Walmart aims to navigate them effectively by leveraging its sourcing capabilities and creative merchants.
Reliance Retail to bring luxe arm under its fold to boost efficiency
Reliance Brands, the luxury retail arm of Reliance Retail, is merging its operations with its parent company as Reliance Retail prepares for a potential listing. This consolidation aims to streamline operations, eliminate redundancies, and improve efficiency across its retail business.
Working with suppliers to achieve target of $10-bn sourcing from India: Walmart CEO
Walmart is collaborating with Indian suppliers to achieve its goal of sourcing $10 billion worth of goods from India by 2027. The retail giant is expanding its sourcing categories beyond initial limited products. Walmart is also focusing on empowering MSMEs through its Vriddhi program, aiming to connect with one lakh more MSMEs in the next three years.
Retail inflation for farm, rural worker eases in May
Retail inflation for farm and rural workers in India saw a decline in May 2025, dropping to 2.84% and 2.97% respectively. The All-India Consumer Price Index for Agricultural Labourers and Rural Labourers also experienced a decrease. Year-on-year inflation rates based on CPI-AL and CPI-RL significantly decreased compared to May 2024.
Myntra expands 30-minute delivery service ‘M-Now’ to Delhi-NCR and Mumbai
Myntra has broadened its M-Now 30-minute delivery service to Delhi-NCR and Mumbai, complementing its initial launch in Bengaluru. The quick-delivery service now encompasses over 90,000 fashion, beauty, and lifestyle products from more than 600 brands across the three metros.
Bajaj Markets joins ONDC network to sell electronics on its finance platform
Bajaj Markets has integrated with the Open Network for Digital Commerce (ONDC), granting its customers access to the network through the Bajaj Markets App and Web. This integration expands Bajaj Markets' offerings beyond financial products, now including 1.5 lakh SKUs of electronics and appliances available on their platform.
Tata Consumer doubles down on quick commerce, eyes growth beyond traditional retail
Tata Consumer Products is strategically focusing on quick commerce, pharmacy, and food services as high-potential emerging channels, revealed PB Balaji during the company's annual general meeting. The FMCG firm witnessed a significant surge in e-commerce, with quick commerce contributing substantially to this growth.
Zara India posts weakest sales growth in FY25 amid rising market competition; net profit up 23%
Inditex Trent, the Tata-Inditex joint venture operating Zara in India, recorded its slowest sales growth in FY25, with revenue rising just 0.4% to ₹2,782 crore—its weakest performance since launch, excluding the pandemic year. Net profit rose 23% to ₹299 crore. The slowdown comes amid stiff competition and inflation-driven cuts in discretionary spending.
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IKEA to raise its India sourcing to 50% from 30%
IKEA plans to increase its sourcing from India to 50%. Currently, it stands at 30%. Benjamin Dausa, Sweden's minister, announced this. He urged India and the EU to create a trade agreement. This agreement should address tariff and non-tariff barriers. Dausa sees India as a trusted manufacturing hub. He highlighted the potential of an EU-India trade deal.
IKEA plans to enhance sourcing from India to 50%: Swedish minister
IKEA plans to significantly increase its sourcing from India. The goal is to reach 50 per cent for its global operations. Currently, it stands at 30 per cent. This initiative aligns with India's aim to boost manufacturing. IKEA sources textiles, plastics, and metals from India. The company started its Indian retail operations in 2018. More stores are planned across India.
Proposed national e-commerce, retail trade policies under discussions: Piyush Goyal
Commerce and Industry Minister Piyush Goyal announced revisions to the national e-commerce policy to reflect the sector's rapid evolution. Simultaneously, the retail trade policy is under review due to its interconnectedness with e-commerce. DPIIT has sought input from the National Traders' Welfare Board for the retail policy, aiming to streamline trade, improve ease of business, and promote digitization.
Matter of Prestige: Indian realty behemoth bets on entertainment boom over shirts and skirts
Prestige Estates Projects aims to transform its malls. The company will allocate more space for entertainment and dining. It plans to reduce space for apparel retailers. This shift reflects changing consumer preferences. Prestige seeks to create experience-driven destinations. The company anticipates significant rental revenue growth by 2030. It intends to expand its mall presence across major Indian cities.
Rapido trying a bite in a market that has burned big names
Rapido, the two-wheeler ride-hailing company, is venturing into the competitive food delivery market, backed by significant funding and plans to expand its reach. Aiming to disrupt the Zomato-Swiggy duopoly, Rapido offers lower commission rates to restaurants. However, the company faces challenges, including high operational costs and the need to differentiate itself in a demanding industry.
Reliance and Shein aim to sell India-made clothes abroad within a year, sources say
Shein and Reliance Retail are set to significantly expand their Indian supplier network, aiming for 1,000 suppliers within a year, up from the current 150. This expansion supports plans to begin exporting India-made Shein-branded clothing to international markets, including the U.S. and UK, within six to twelve months.
