All stories by SHARLEEN D'SOUZA
Future Retail shuts Big Bazaar as RIL plans takeover
Rediff.com28 Feb 2022Future Retail has shut most of its Big Bazaar stores since February 25 (Friday) and its website is also down as it missed lease payments to Reliance Industries (RIL). RIL will open most of the 200 Future Retail stores as Reliance stores in the next week and it is in the process of taking stock, re-branding, and transferring 30,000 Future Retail and Future Lifestyle employees on to the rolls of its manpower and staffing firm Reliance SMSL, according to a source. The first tranche of stores are set to be opened as early as in the next two days.
Gangubai, Valimai, Bheemla Nayak draw crowds to cinemas
Rediff.com26 Feb 2022'The weekend advance booking are extremely encouraging for these movies, and the extended break due to Mahashivratri, will provide a significant impetus.'
How FMCG Firms Are Coping With Covid
Rediff.com29 Jan 2022Consumer companies have started taking orders via phone calls and are also pushing retailers to order through their B2B applications.
Omicron fear: Lower footfall and sales have hit high street stores, malls
Rediff.com28 Jan 2022Offline retailers are feeling the Omicron January chill as consumers are apprehensive about venturing out in the midst of rising Covid cases across the country. Covid restrictions, as well as concerns over the new virus variant, are seeing shoppers pull back from the high streets and shopping malls, clearly cautious about streaming into stores and choosing to self-censor instead. Offline retailers' hopes of a bumper End-Of-Season Sale (EOSS) and Republic Day (R-Day) Sale to compensate for losses over the pandemic have been dashed. Fewer trips to malls mean lower footfall and sales, resulting in higher piling of stock - and possibly higher discounts.
Colgate India meets distributors' body to sort out issue of price parity
Rediff.com6 Jan 2022Colgate-Palmolive India (Colgate India) on Wednesday met distributors' body to sort out the issue of price parity between the traditional trade and organised distributors, which are present offline as well as online. These companies include Jiomart, Booker, Udaan and Elastic Run. Colgate India's meeting with distributors comes after the traditional channel stopped supplying its Colgate MaxFresh range of products in Maharashtra.
Biscuits, shampoos, other FMCG goods to cost 2-10% more
Rediff.com3 Jan 2022Expect fast-moving consumer goods makers (FMCG) to raise prices again next month owing to raw materials, transport, labour and packaging material costs remaining high or becoming even costlier. Whether it is packaged wheat flour and basmati rice or biscuits and shampoos, these products will become 2-10 per cent more expensive. Adani Wilmar will hike the price of its packaged wheat flour by 5-8 per cent and of its basmati rice by 8-10 per cent next month.
Prices of white goods rise third time in 2021
Rediff.com30 Dec 2021The latest hike is likely to be followed by another such move next month, said industry players. Before the latest hike, companies had initiated price hikes to the tune of 12-13 per cent in 2021 but they weren't able to fully cover the increase in costs.
Amul expect revenues to hit Rs 62,000 cr
Rediff.com17 Dec 2021'We expect exports to touch Rs 1,000 crore by the end of the year.'
Online sales of FMCG companies rise, but some see moderation
Rediff.com1 Dec 2021However, the government's draft policy on e-commerce companies has forced consumer companies to also adapt to the changes. For Dabur India, e-commerce channel continues to be a key driver of growth in urban India. The contribution of online sales to its entire portfolio is at six per cent compared to 1.5 per cent before the pandemic.
Amazon-Future battle: More skeletons tumble out of closet
Rediff.com15 Nov 2021Future Retail's (FRL's) independent directors have written a second letter to the Competition Commission of India (CCI), stating American e-commerce major Amazon never intended to invest in Future Coupons (FCPL) and the representations made by the US e-commerce player were completely opposite and contradictory to their own internal correspondences as submitted before courts. The directors also wrote to CCI that Amazon has obtained approval by making deliberate misrepresentations. By actively misleading the CCI and the regulator, it has to revoke the approval granted for Amazon's investment in FCPL.
Can Chinese firepower rescue Vimal?
Rediff.com11 Dec 2014Reliance had been trying to bring the brand back to the forefront recently, after years of lull, through new ad campaigns highlighting a youthful range, called Unformal, in workwear.
Fabric brands stitch up the ingredient story
Rediff.com16 Apr 2014Raymond claims to be spending more than 10 per cent of its ad budget on its biggest campaign, called The Summer of Wool.
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