The Tata who built Trent into a retail powerhouse
Synopsis Noel Tata joined Trent in 1999 and expanded it significantly. He focused on opening stores and creating successful brands like Westside and Zudio. Trent’s market cap and revenue have grown remarkably, making it one of Tata Group’s most valuable firms. The strategic growth has...
Chinese Retail Tycoon Introduces ‘Unhappy Leave’ Policy: A Paradigm Shift in Workplace Dynamics
The Chinese retail giant has initiated an innovative policy that it describes as “unhappy leave” to further develop the work-life balance of its employees. Chairman and Founder Pang Dong Lai Yudonglai made the statement the morning of May 26, promoting his workforce to take another...
Retail inflation stable: Finance minister Nirmala Sitharaman
India’s retail inflation has declined from an average of 7.1% in April-October 2022 to 5.4% in the corresponding period of 2023. The retail inflation is now stable and within the notified tolerance band of 2% to 6%. The core inflation rate has declined from 5.1%...
Auto retail sales surge 9% in Aug
Vehicle registrations – a proxy for retail sales – rose 9% to 1,818,647 units last month on healthy customer demand in the run-up to the festive season. The Federation of Automobile Dealers Association (FADA) is cautiously optimistic of momentum sustaining on the back of new...
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