Virtually 25-30% merchandise offered in India spurious with counterfeiting: Record

NEW DELHI : Virtually 25-30% of all merchandise offered within the nation are spurious with counterfeiting being maximum prevalent in attire and FMCG sectors, adopted through pharmaceutical, automobile, and shopper durables, a joint file through Crisil and the Authentication Answer Suppliers Affiliation (ASPA) mentioned. “Counterfeiting is maximum prevalent in attire (31%), FMCG (28%), and Automotives … Read more

December retail gross sales up 16% from pre-covid ranges

New Delhi: Retail gross sales in December grew 16% in comparison to the gross sales recorded right through December 2019 or the pre-pandemic duration, in step with the thirty fifth version of the Retail Industry Survey performed via the Outlets Affiliation of India (RAI). RAI surveys shops throughout classes equivalent to attire, house decor, attractiveness … Read more

Textiles ministry clears 20 strategic initiatives price ₹74 crore

NEW DELHI: The Ministry of Textiles on Wednesday cleared 20 strategic analysis initiatives price ₹74 crores within the spaces of agrotextiles , speciality fibre, sensible textiles, activewear textiles, strategic software, protecting tools and attire, sports activities textiles. As in line with the ministry, those strategic analysis initiatives fall beneath the flagship programme ‘Nationwide Technical Textiles … Read more

Centre prepares to make a choice tasks for textile mega parks

NEW DELHI : The Centre, forward of approving proposals for mega textile parks, has requested states to supply a long-term projection for energy price lists that might be charged at those parks, a central authority respectable mentioned. The scheme, referred to as Mega Built-in Textile Area and Attire (PM MITRA), was once introduced in Funds … Read more

Flipkart to open 3 extra ‘large field’ gadgets

NEW DELHI : Flipkart is ready to open 3 huge achievement centres spanning North, West and South India over the following three-to-four years because it ramps up capability to feed rising call for for merchandise bought by way of e-commerce. The Walmart-backed e-commerce platform just lately began operations at one such centre at the outskirts … Read more

Outlets draw in customers with in-store stories

NEW DELHI : In-store revel in is changing into important to enlargement, bearing in mind its talent not to best spice up gross sales, however to additionally build up buyer engagement, consistent with the findings of a document via realty consultancy CBRE launched on Monday. Consumers are searching for enticing, immersive and handy stories that … Read more

Revenues of mall operators to move pre-pandemic ranges this fiscal: File

New Delhi: A soar in footfall following the withdrawal of covid-19 restrictions is anticipated to push revenues of mall operators above pre-pandemic ranges this fiscal, Crisil Scores mentioned in a be aware at the sector. Retail gross sales at department shops already breached 120-125% of pre-pandemic ranges within the first quarter of this fiscal. “Shops … Read more

Retail gross sales up 13% in June; sports activities items, jewelry log sturdy enlargement: File

New Delhi: Outlets reported a 13% enlargement in gross sales in June this 12 months in comparison to the similar month in 2019, consistent with a survey through the Outlets Affiliation of India (RAI). Classes corresponding to sports activities items, jewelry and client electronics reported more potent enlargement in June in comparison to 2019 ranges, … Read more