Apparel retail to grow by 8-10% ahead of festive season
In apparel retail, the mass market is the largest segment, followed by premium and luxury.
In apparel retail, the mass market is the largest segment, followed by premium and luxury.
Consumers continue to be value-conscious, but there has been a noticeable growth in the demand for premium products driven by rising affluence.
The 5G capital expenditure cycle of Reliance Industries is expected to conclude soon.
As demand for premium products and services surpasses mass market in growth, companies across sectors gear up to tap the rise of India's new affluent class.
The development comes months after Asda’s divestiture from Walmart. The deal amount, however, remains undisclosed.
Retail chain giants are back with a bang and continue to add muscle to India’s $110 billion organised retail story with more stores and footfalls.
Group Chairman Sanjiv Goenka stepped down from the position of chairman and director of Spencer’s Retail with effect from May 22.
Biyani tendered his resignation from his position as the executive chairman of the company on January 23 this year.
The stock currently trades 16% lower than its 52-week high of ₹1,571, while it has risen 35% against its 52-week low of ₹983.70.