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Retailers cut 52,000 jobs in 2023-24 amid weak demand: Reliance, Titan, Raymond
The retail segment is India's second largest employer after agriculture, but the combined workforce of 455,000 employees fell to 429,000 in 2023-24.
Published on Aug 19, 2024 03:51 PM IST
HT News Desk | Edited by Abhyjith K. Ashokan
Reliance Industries cut 11% workforce in 2023-24, retail segment sees most cuts
Reliance Industries cut its workforce by 11%, with Reliance Retail alone seeing 38,000 less employees at the end of FY 2023-24
Updated on Aug 08, 2024 10:19 AM IST
HT News Desk | Edited by Abhyjith K. Ashokan
India's nighttime shopping surges as 24 hour retail becomes increasingly common
India's nighttime shopping increases by 60%, with seven states legalising 24 hour retail operations.
Published on Jun 28, 2024 11:09 AM IST
HT News Desk | Edited by Abhyjith K. Ashokan
Indian retail firms see rise in theft and inventory loss
It is highest in fashion, followed by gadgets like mobile phones, smartwatches & headphones where the risk-reward ratio is high due to small sizes & high values
Published on Jun 15, 2024 07:25 PM IST
HT News Desk | Edited by Abhyjith K. Ashokan
Amazon, retailer fined 45,000 for refund delay of laptop: Here's what happened
Criticising Amazon, the commission called the delay an "unfair trade practice" as it leaves customers without evidence of the item being collected.
Published on Mar 27, 2024 03:26 PM IST