Shoppers Stop Ltd News Today

Reliance's Tira uses AI tools to personalize beauty experiences, aiming to dominate India's growing beauty market.

Reliance Industries Ltd.s Tira, a new venture in Indias beauty sector, leverages AI for personalized experiences like fragrance selection and skincare analysis. With 12 stores and online presence, Tira competes with Nykaa and Tata Groups Palette in a rapidly growing market. Reliances diversification strategy aims for innovation and market dominance.

Tira Products: Reliance Industries Ltd.’s Tira, a new venture in India’s beauty sector, leverages AI for personalized experiences like fragrance selection and skincare analysis. With 12 stores and online presence, Tira competes with Nykaa and Tata Group’s Palette in a rapidly growing market. Reliances diversification strategy aims for innovation and market dominance.

Retail chain Shoppers Stop Ltd on Monday reported a 62.55 per cent rise in consolidated net profit at Rs 23.18 crore in the fourth quarter ended March 31, 2024. The company had posted a consolidated net profit of Rs 14.26 crore in the same period a year-ago, Shoppers Stop said in a regulatory filing.

Apparel retailers are facing challenges with unsold inventory, resulting in write-offs and impacting margins. They are reducing sourcing periods to mitigate the risk of obsolescence and adjusting their ordering strategies. The industry was unprepared for the sudden demand slump after the festive season in 2022, leading to stockpile. Retailers are now planning for shorter periods and buying closer to the season. Despite extended discounting, retail sales growth has been negative for like-for-like...

Apparel retailers are facing challenges with unsold inventory, resulting in write-offs and impacting margins. They are reducing sourcing periods to mitigate the risk of obsolescence and adjusting their ordering strategies. The industry was unprepared for the sudden demand slump after the festive season in 2022, leading to stockpile. Retailers are now planning for shorter periods and buying closer to the season. Despite extended discounting, retail sales growth has been negative for like-for-like...

IndusInd Bank Ltd.’s third-quarter profit rose, in line with analysts' estimates, due to rise in income on investments. The private lender's net profit increased 17.2% year-on-year to Rs 2,301 crore in the October–December quarter, according to an exchange filing. Analysts polled by Bloomberg estimated a net profit of Rs 2,277 crore for the quarter.

Uniqlo is working with more than 20 mills and sewing factories in the country. This means at least 30% of its inventory is coming from local sources, a requirement by federal government.

Sai Silks Kalamandir IPO opens today, with a price band of ₹210-222 per share. The IPO will close on September 22.

The company plans to open 14 stores in New Delhi and Mumbai this year, as well as market NARS through Sephora shops. Shiseido aims to tap into the growing consumer market in India and diversify its earnings. The move comes after a previous retreat from the Indian market in 2015. Shiseido plans to introduce more brands to India in the future.