Everyone loves a good discount. And it comes in as an incentive especially during times of inflation. For apparel discount retailers, inflation has proved to be a blessing. Arvind’s branded discount retail chain Megamart has seen an improvement in walk-ins of 15% in the past few weeks. “During inflation, customers always prefer to shop in […] ↓ Read the rest of this entry…
MUMBAI – Arvind Ltd’s retail chain Megamart has entered into a licensing pact with U.S.-based Cherokee Inc, under which the Indian firm will market Cherokee’s family lifestyle brand across the country, officials said. “Arvind has been a specialist in men’s brand in India, through this agreement we are planning to tap the women and children’s […] ↓ Read the rest of this entry…
The big fight is about whether this new policy will kill small shops, massively destroy livelihoods and take away GenNext’s opportunities. Facts suggest otherwise. Consider the kirana, the one most feared to be at risk. About 5-6 million of the 8 million FMCG-stocking kiranas are in rural India, and are totally safe, as the new ones can only come into the top 53 cities.
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