Convenience exits, Zudio scales, festive AOV jumps

Delhi desk, 17 October 2026. Reliance walks from 7-Eleven as quick commerce and kiranas squeeze the middle. Trent keeps adding Zudio doors while shoppers in smaller cities lift festive tickets.

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Retail
Reliance shuts nearly 60 7-Eleven stores
Franchise ends after heavy losses; quick commerce and kiranas win the immediate-needs battle.
Retail
Trent Zudio crosses 1,000 stores mark
Q2 revenue up 23% to ₹5,788 crore; expansion stays aggressive in value fashion.
Ecommerce
Festive AOV jumps to ₹2,639 in tier-2
₹1,000 crore GMV in six days; smaller cities lead as shoppers upgrade tickets.
Retail
Lenskart profit surges 182% in Q1
Revenue ₹2,214 crore, margins expand; product margins cross 70%.
Retail
Convenience dies, value fashion scales
7-Eleven exit versus Zudio 1,000 stores shows where capital should go next.
Retail
Govt inspects quick-commerce dark stores on expiry labels
Blinkit, Zepto and Instamart face checks after complaints on missing best-before data; platforms must fix display before next festive push.

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