Large Format Stores News Today

The new and renovated stores will embody Walmart’s “Store of the Future” concept, showcasing enhanced layouts, broader product choices, and innovative technology to make shopping more convenient and enjoyable. Read more.

During the quarter, Tanishq opened 10 new stores in India; Mia added 26 new stores thereby expanding its presence to 59 towns within India.

Revenue is estimated to be at Rs 10,723 crore in Q1FY24. This shows a 20 percent growth on a year-on-year basis and a 10.8 percent increase on a quarter-on-quarter basis.

Jewellery Division delivered a satisfactory performance growing 21 per cent YoY in Q1 FY24.

Titan Q1 Update: “Buyer growth was higher than average ticket size growth for this period. Despite significant volatility in gold prices throughout the quarter, Akshaya Tritiya sales in April and wedding purchases in June were robust,” the company said in a release.

The jewellery maker also said that during the quarter, it added 68 stores, including CaratLane, taking Titans retail presence to 2,778 stores.

Titan Company Ltd has announced the quarterly operational update for the period ended March 31, 2023 i.e., Q4FY23.

Titan Company Limited has announced the Quarterly Update on various businesses for the period ended December 31, 2022 i.e., Q3FY23.

Kewal Kiran Clothing Limited has announced its strategic partnership with Board of Control for Cricket in India as the Indian Cricket Teams Official Partner.

Target will include elements of the large-format design at more than 30 new locations and around half of the 200 store remodels planned for 2023.