Retail

Lenskart Bags $200 mn Investment from Temasek and Fidelity

Singapore's Temasek and Fidelity, a US-based investment firm, have joined forces to inject approximately $200 million into Lenskart, a prominent player in the eyewear industry, through a secondary share sale.
- By - TFW Bureau
- Jun 03, 2024 / 2 MIN READ
India to add 45 mn sq. ft of retail space in 5 Years, surpassing last decade’s growth: JLL

India is set to witness an unprecedented expansion in its retail sector, with projections indicating the addition of approximately 45 million square feet of retail space over the next five years, according ...
- By - TFW Bureau
- Jun 03, 2024 / 3 MIN READ
Lenskart opens 4 new stores in the Middle East

New stores are located in Abu Dhabi, Jeddah and Riyadh
- By - TFW Bureau
- May 31, 2024 / 2 MIN READ
500th Croma store opens in Chennai

Consumer electronics giant reaches milestone of 500 stores in the country.
- By - TFW Bureau
- May 23, 2024 / 1 MIN READ
Lenskart opens first kids-only store in India

Kids-only store to offer specialized eye testing facilities, specifically for children.
- By - TFW Bureau
- May 17, 2024 / 2 MIN READ
Kalyan Jewellers posts 34.09% increase in Q4 FY24 revenue over Q4 FY23

As per reports, Kalyan Jewellers’ consolidated net profit jumped 96.3% to Rs 137.59 crore on 34.09% increase in revenue from operations to Rs 4,534.93 crore in Q4 FY24 over Q4 FY23.
- By - TFW Bureau
- May 13, 2024 / 1 MIN READ
ASICS to double number of stores by 2026

ASICS expects India to emerge as the fastest-growing market in Southeast Asia for the company over the next few years.
- By - TFW Bureau
- May 07, 2024 / 2 MIN READ
SPARKLING GROWTH FOR TITAN’S JEWELLERY SEGMENT, INTERNATIONAL EXPANSION ON CARDS

As per Q4 business update, the emerging business segment is anticipated to witness a significant 24 percent year-on-year growth, with Caratlane's sales expected to soar by 30 percent.
- By - TFW Bureau
- May 03, 2024 / 2 MIN READ
FirstCry refiles IPO papers, reports December revenue at Rs 4,814 crore

Brainbees Solutions, the parent firm of retailer FirstCry, has refiled its draft initial public offering (IPO) papers with the Securities and Exchange Board of India (Sebi)
- By - TFW Bureau
- May 01, 2024 / 2 MIN READ
Trent Limited, reported a 15-fold Y-O-Y rise in consolidated net profit at Rs 712 crore

Revenue from operations increased 51 percent to Rs 3,298 crore from Rs 2,183 crore in same quarter last fiscal.
- By - TFW Bureau
- Apr 29, 2024 / 2 MIN READ
Lenskart witnessed a remarkable surge in sales for FY23, exceeding a staggering 150%, bringing it closer to the INR 4,000 cr

Lenskart’s sales grew 152% to INR 3,788 Cr in FY23 from INR 1,502.7 Cr in the previous fiscal year
- By - TFW Bureau
- Apr 26, 2024 / 1 MIN READ
Lenskart eyeing $5 billion valuation, in talks with Temasek, Fidelity for $200 million infusion

Lenskart's revenue for FY24 is estimated at ₹5,500 crore, marking substantial growth from the previous fiscal year.
- By - TFW Bureau
- Apr 25, 2024 / 1 MIN READ
Growing at 18%, Reliance Retail's revenue to surpass Rs 3 lakh crore in FY24

This year-on-year growth was led by the retailer's consumer electronics and fashion & lifestyle businesses
- By - TFW Bureau
- Apr 23, 2024 / 1 MIN READ
Malls expected to add 6 million sq.ft of operational space in eight key markets

Estimated leasing in the retail sector is expected to sustain 6.00-6.5 million sqft this year
- By - TFW Bureau
- Apr 13, 2024 / 2 MIN READ
Godfrey Phillips to exit from its retail business division ‘24Seven’

Godfrey Phillips India Ltd announced that it has decided to exit its retail business division
- By - TFW Bureau
- Apr 12, 2024 / 2 MIN READ