Business-to-business e-commerce retailer IndiaMart InterMesh Limited plans to bolster its footprint in Tamil Nadu and open offices in Kancheepuram, Tirunelveli, and Vellore as well as in neighbouring Puducherry.
Fashion, beauty, and lifestyle retail business Shoppers Stop is expanding its private label brands and beauty offering as it widens its brick-and-mortar footprint across India on the back of rising revenue.
Multi-brand fashion and lifestyle retailer Shoppers Stop saw its consolidated revenue from operations increase to Rs 1,137.07 crore in the third quarter of the 2023 financial year but net profit was down by 18.86%.
Reliance Retail’s multi-brand e-commerce platform JioMart has seen its customers on messaging app Whatsapp increase by 37% month-on-month and the number of orders through the app increase by nine times.
Procter & Gamble Co raised its full-year sales forecast on Thursday and said it plans to continue raising prices despite a drop in sales volumes, warning that high commodity costs were pressuring profits.