Retail
Decathlon India eyes nearly $1 bn sales in next 5 years with double-digit growth
Decathlon aims to reach nearly a billion-dollar in sales in the Indian sports market within five years, driven by retail expansion and a growing sports culture. The company plans to expand to over 90 cities by 2030, targeting revenue of around Rs 8,000 crore.
Retailers, restaurants in tech hubs fear festive slump amid TCS, IT layoffs
Tata Consultancy Services' layoff announcement has sparked concerns among pubs, restaurants, and retailers, particularly in IT hubs like Bengaluru and Hyderabad. Delayed salary hikes and a poor business outlook have already led to reduced consumer spending by IT professionals. The real estate sector remains cautiously optimistic, anticipating a short-lived impact with demand potentially shifting towards non-IT sectors.
Decathlon aims to scale sourcing from India to $3bn by 2030
Decathlon, the French sports retailer, announced plans to significantly increase its sourcing from India to USD 3 billion by 2030. Driven by the 'Make in India' vision, this expansion will focus on footwear, fitness equipment, and technical textiles. Local sourcing for Indian retail operations is projected to reach 90% by 2030.
Retail trade policy unlikely; targeted intervention focus
Instead of a comprehensive National Retail Trade Policy, the government is expected to implement targeted policy interventions to bolster retail trade. Initiatives like the National Traders' Welfare Board, ONDC, and the upcoming Sahkar Taxi app will be prioritized. These measures aim to simplify licensing, reduce compliance burdens, and provide support to local businesses, particularly in ride-hailing services.
Private labels fill the gap as shoppers cut corners
Indian consumers are buying more private label products. Retailers like DMart and Reliance Retail have seen big sales jumps in their own brands. Shoppers are looking for cheaper options due to rising prices. Many feel private labels are as good as name brands. Retailers are giving these brands prime shelf space. This trend seems like it will continue.
Only 20-25% of India's 850 mn internet users shop online, shows untapped potential: McKinsey Report
A McKinsey & Company report indicates significant growth for India's e-commerce sector. Currently, only 20-25% of Indian internet users shop online, but this is expected to rise substantially. E-commerce accounts for 7-9% of total retail sales, projected to more than double by 2030, driven by new business models, expansion into new categories, and rising demand from tier-two and tier-three cities.
India's retail focus returns to malls as high street leasing falls 26% in Q2 2025; Hyderabad, Mumbai lead the way
Indian retail sector is witnessing a change. Malls are gaining traction again. High street leasing has decreased. Malls accounted for a significant portion of leasing volume in Q2 2025. High streets still dominate the market. There is an undersupply of quality mall stock. Vacancy levels in Grade-A malls have tightened. New Grade A supply is expected soon.
Sahaj Retail to double its footprint to 6 lakh centres
Sahaj Retail is set to significantly expand its reach by nearly doubling its rural service centers to 6 lakh, aiming to enhance digital service delivery in villages. The company focuses on providing essential services like Aadhaar updates, insurance, and banking through trained Village Level Entrepreneurs.
Puma caught between tariff fears and weak US demand as it discounts stock, plans price hikes
Puma is grappling with the consequences of its earlier strategy to front-load shipments to the U.S. to avoid tariffs. This move has led to excess inventory and subsequent discounting, particularly in North America, where sales have declined.
Rules of origin under FTA to boost India's e-commerce exports to UK
The free trade agreement between India and the UK will boost e-commerce. Consignments below 1,000 pounds are exempt from origin documentation. Authentication and verification procedures will prevent product circumvention. Exporters can self-certify the origin of products. UK importers can also certify origin, reducing compliance costs for Indian exporters. These rules will ease business and save time and money.
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V-Mart adds 15 stores in Q1, taking total to 510 as it deepens presence in small-town India
V-Mart Retail added fifteen new stores in the first quarter of FY26. The company now has 510 outlets across India. Uttar Pradesh has the most stores. V-Mart opened stores in Varanasi, Jhansi, Surat, and Ichalkaranji. Total retail space increased. The company reported revenue growth and a significant jump in profit. Shares of V-Mart Retail Ltd. closed higher.
Retailers leased 2.24 million square feet during April-June quarter
Retail leasing across India’s top eight cities stood at 2.24 million sq. ft. in Q2 2025, down 5.4% quarter-on-quarter and 6.3% year-on-year. Malls gained traction, accounting for 45% of space, while high streets led with 55%. Vacancy in premium malls fell to 4.28%. Hyderabad, Mumbai, and Delhi-NCR led leasing, with domestic retailers dominating and global brands increasing mall presence.
Adani Group shelves super app ambitions amid mounting losses in digital unit
The Adani Group has abandoned its plans for a consumer super app, Adani One, launched in December 2022. This decision follows reported financial losses and internal disputes regarding the project's scope. Despite facilitating ₹750 crore in transactions and aiming for 500 million users, the app only reached 30 million, leading to the initiative being shelved.
ED files complaint under FEMA against Myntra Designs and its related companies
The Enforcement Directorate has filed a complaint under FEMA against Myntra Designs Pvt. Ltd., its related companies, and directors for alleged FDI violations amounting to ₹1,654 crore. ED said Myntra misused the “wholesale cash and carry” model to carry out multi-brand retail trade, routing 100% of sales to a related entity, Vector E-Commerce, violating FDI rules and FEMA provisions.
ED files FEMA case against Myntra, linked firms for Rs 1,654 cr violation
The Enforcement Directorate (ED) has filed a case under the Foreign Exchange Management Act (FEMA) against Flipkart-backed Myntra Designs Pvt. Ltd., its related companies, and directors for alleged foreign direct investment (FDI) violations amounting to ₹1,654.35 crore.
Blinkit, Zepto and other q-comm players throw light on dark stores
Quick-commerce platforms like Bigbasket, Blinkit, and Swiggy Instamart are intensifying hygiene and storage checks in their dark stores due to rising regulatory scrutiny and concerns raised by food companies. Some platforms are opening dark stores to customers for inspection, while others are increasing leadership audits to address lapses.
