Retail-

8 March

The next phase of retail evolution in India will be led by the convergence of online and traditional
channels, a digitally-enabled ecosystem, and rising adoption of digital platforms by consumers,
according to a report released on Monday

O+O-enabled sales will touch the $640 billion-mark by 2030, with digitally enabled retail contributing
43% to the overall retail pie, according to the report ‘Retail 4.0’. The O+O retail model is likely to
contribute around $8 billion in incremental goods and services tax (GST) collection, accounting for
37% of the retail sector’s total tax contribution in the same period.

The pandemic backed by ever-changing consumer preference has accelerated the adoption of online
and offline play that will define the next phase of retail growth in the country. This will create
enormous potential in terms of job growth, exports, and an inclusive retail ecosystem with great
participation of micro, small, and medium enterprises (MSME). Technology will be the key driver of
retail evolution in the future.
9 March

Tata Group’s retail arm Trent Ltd expects to earn 10% of its sales from its new shopping site
westside.com in the next four years. Earlier, Tata Unistore, which runs the e-commerce platform
Tata CLiQ, exclusively sold Westside branded products, including clothing, footwear and home
products. However, the retail chain was carved out into a separate e-commerce site