Daily briefing

Sunday, 18 October 2026

Zudio 1000, 7-Eleven exit, Ikea bet

Delhi desk: Value fashion hits four figures while convenience formats fold under kirana and 10-minute heat. Festive till rings louder but margins stay thin.

1. Retail

   Zudio hits 1,000 stores Q2

   Trent revenue up 23% to ₹5,788 crore with 17 new Zudio doors.

2. Retail

   Reliance shuts 7-Eleven stores

   Franchise ends after ₹90 crore loss; nearly 60 outlets close.

3. Retail

   Ikea ₹21,000 crore 30-store plan

   Targets 4x revenue and profit by 2027-28 from eight stores now.

4. Retail

   Lenskart profit up 182% Q1

   Revenue rises 34% with EBITDA margin at 21.7% and strong product margins.

5. Retail

   Value retail race meets margins

   Store growth continues but LFL and shares signal quick-commerce pressure.

6. Retail

   Nykaa GMV set for 30% Q2 jump

   Beauty and fashion drive high-twenties revenue; Nike exclusive drops add early traction for merchants.