Daily briefing

Monday, 19 October 2026

Zudio 1,000, 7-Eleven exit, Ikea scale-up

Delhi desk, 19 October 2026. Value fashion keeps adding boxes while convenience formats buckle and furniture eyes fourfold growth. Merchants watch the festive till and dark-store hygiene checks.

1. Retail

   Zudio hits 1,000 as Trent sales jump 23%

   ₹5,788 crore Q2 revenue and 27 net doors keep value fashion pressure high.

2. Retail

   Reliance shuts nearly 60 7-Eleven stores

   Franchise ends on heavy losses as kirana and quick commerce squeeze the format.

3. Retail

   Ikea commits ₹21,000 crore for 30 stores

   Fourfold revenue target by 2030 raises stakes for furniture and mall space.

4. Retail

   Lenskart profit surges 182% to ₹228 crore

   34% revenue growth and 21.7% EBITDA show omnichannel eyewear strength.

5. Retail

   Value retail race meets margin wall

   Store additions continue but quick commerce and costs now tax every new box.

6. Retail

   FSSAI notices hit quick commerce dark stores

   Zepto, Instamart and marketplace listings face misbranding and expiry lapses as festive inspections rise.