Daily briefing
Wednesday, 21 October 2026
Zudio hits 1,000 as Reliance exits 7-Eleven
Delhi desk flags value fashion scale and convenience retreat this festive window. Small-town clicks and dark-store scrutiny set the till tone for merchants.
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Retail
Trent Zudio hits 1,000 storesQ2 revenue climbs 23% to ₹5,788 crore as network reaches 1,342 outlets.
Retail
Reliance shuts 7-Eleven networkNearly 60 stores close after five-year franchise posts heavy losses.
Ecommerce
Flipkart festive traffic hits 6.3 millionSmall-town and first-time buyers power opening day across Flipkart Amazon Meesho.
Platforms
FSSAI penalises quick commerce platformsAmazon Flipkart Zepto Instamart face action after dark-store food safety lapses.
Retail
Value fashion hollows mid-marketZudio scale and copycats leave traditional mid-price apparel with shrinking till share.
Retail
Nykaa flags high-20s GMV growth in Q2 beauty fashion
Platform adds 250 brands and sees Nike exclusive traction as festive beauty baskets build.