India news and analysis

06 August 2020
In its Q3 2019/20 results, Metro reported a 17.5% decrease in like-for-like (LFL) sales, compared to the previous year, driven by the Coronavirus (COVID-19) pandemic and its negative impacts on the hospitality sector. However, as of July this year, Metro noted that sales had recovered to the previous year’s level in its Hotels, restaurants and catering (HoReCa) division. Germany: like-for-like...
23 July 2020
Walmart’s majority-owned Flipkart operation in India is launching a new wholesale business. As part of this initiative, Flipkart is acquiring Walmart’s existing business in India. Slow progress in developing its wholesale stores Walmart entered the Indian market over 10 years ago, initially forming a joint venture with Bharti Enterprises. When this was terminated in 2013, Walmart acquired t...
14 July 2020
Tesco and Tata have both invested a further Rs 67 crore (US$8.9m) into their Trent Hypermarket joint venture. New funds and a new CEO The new investment has been picked up in local regulatory filings and signals the first major injection in funds by the partners in the past two years. It also follows on from the appointment of a new CEO, Martin Bailie, in April this year. Bailie joined Tren...
30 June 2020
Amazon has announced it is rolling out a new service, called Smart Stores, enabling customers to discover products at local stores in India, make payments, and earn rewards using Amazon Pay. Smart Stores With the launch of Smart Stores, customers in India can scan a QR code at participating stores using the Amazon app. These QR codes enable shoppers to access a digital storefront to learn m...
04 June 2020
Netherlands-based SPAR International reported global sales growth of 4.35% to €37.1 bn (US $41.6 bn). The retailer stated its entry into two new markets, an additional 208 stores and the consistent expansion over the past four years has been a key growth driver, although the Coronavirus (COVID-19) pandemic has brought challenges. 2019 ‘has again delivered exceptional results’ Commenting o...
19 May 2020
We review Walmart's first quarter results and its outlook as the business adapts to the new trading environment. Walmart's key numbers Walmart's total revenue in Q1 increased by 8.6% to $134.6bn Operating income increased 5.6% $5.2bn Sales in its US stores increased by 10.5% and by 9.6% at Sam’s Club US comp store sales increased by 10.0%, with average ticket up 16.5% while tran...
06 May 2020
Reliance Retail added 1,533 stores last year, expanding its network to 11,784 across food, fashion and digital sectors. Total sales grew 24.8% The company’s pre-tax earnings grew 55.7% to INR96.5bn (US$1.3bn) year-on-year. March growth for the total company was the weakest due to the COVID-19 lockdown impact. However, grocery stores under the banners Reliance Fresh, Reliance Smart and Relia...
24 April 2020
Facebook has invested US$5.7bn for a 9.99% stake in India’s Reliance Jio Platforms, while Amazon has launched ‘Local Shops on Amazon’. Connecting JioMart and WhatsApp Facebook’s investment may connect WhatsApp with JioMart , potentially allowing users to find local stores around them on WhatsApp, connect with store operators and place orders from within the instant messaging service. Lo...
17 April 2020
India's FMCG businesses are partnering with the government to help up to 1m Kirana stores deliver safer shopping environments in the face of the Coronavirus pandemic. Ensuring minimum hygene and safety standards across Kirana stores As part of plans by the Union consumer affairs ministry, 12 FMCG companies including Nestle India, Britannia Industries, Marico, J&J, Dabur India, Tata Consumer...
25 March 2020
Having previously announced it has temporarily stopped shipping non-essentials in Italy and France, Amazon has now rolled this out to India. The retailer will now focus on shipping the products customers need the most.   Limiting non-essential orders Earlier this week, Amazon temporarily stopped taking orders on non-essential products on its sites in Italy and France. The initiative has bee...