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delistedshares · 5 months ago

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Reliance Retail: A Price Analysis

Reliance Retail, a subsidiary of Reliance Industries Limited, has become one of India's largest and most influential retail chains. As the retail landscape continues to evolve, investors are keenly watching the performance of Reliance Retail’s share price. In this article, we will delve into a comprehensive price analysis of Reliance Retail, exploring its historical trends, recent performance, and future outlook.

Historical Performance of Reliance Retail Share Price

Reliance Retail share price has experienced significant fluctuations since its initial public offering. Historically, the share price has shown a robust upward trend, reflecting the company’s growth and market expansion. The share price has been influenced by various factors including market conditions, economic trends, and the company's financial performance. Understanding these historical patterns provides valuable insights into the stock's potential future movements.

Recent Trends and Market Impact

In recent months, Reliance Retail share price has been subject to both upward and downward movements. Various market dynamics, including economic policies, consumer spending trends, and competitive pressures, have impacted the stock's performance. Analysts have observed that the share price often reacts to broader market trends and company-specific news. For instance, announcements of new store openings or strategic partnerships can lead to short-term spikes in the share price.

Key Drivers of Share Price Fluctuations

Several factors drive the fluctuations in Reliance Retail share price:

Market Conditions: Economic indicators such as inflation rates, interest rates, and overall market sentiment can influence the share price. A positive economic outlook typically supports higher share prices, while economic uncertainties can lead to declines.

Company Performance: Financial results, revenue growth, and profitability are crucial in determining Reliance Retail share price. Strong earnings reports and positive guidance from the company often lead to an appreciation in share price.

Consumer Trends: Changes in consumer behavior and spending patterns impact Reliance Retail’s sales and, consequently, its share price. A surge in consumer spending or successful marketing campaigns can positively affect the stock.

Competitive Landscape: The presence and performance of competitors in the retail sector also play a role in shaping Reliance Retail share price. Market share shifts and competitive pressures can drive price changes.

Future Outlook

Looking ahead, analysts and investors are closely monitoring factors that could influence Reliance Retail share price. The company’s expansion plans, innovations in retail technology, and strategic initiatives are key areas of focus. Additionally, macroeconomic factors and industry trends will play a significant role in shaping the future trajectory of the share price.

Conclusion

In summary, Reliance Retail share price has demonstrated considerable volatility, influenced by a range of internal and external factors. Historical performance and recent trends offer valuable insights, but the future direction of the share price will depend on a combination of market conditions, company performance, and broader economic factors. Investors should remain informed and consider these aspects when evaluating the potential of Reliance Retail share price in their investment strategies.

By understanding the dynamics of Reliance Retail share price, investors can make more informed decisions and better navigate the complexities of the retail sector.

#Reliance Retail share price #Reliance Retail #share price #Reliance

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freddiemark · 10 months ago

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Unraveling the Tapestry of Reliance Retail Share Price: Latest News and Updates

In the bustling arena of financial markets, where every tick of the clock heralds a new opportunity, staying abreast of the latest developments is paramount for investors. Among the myriad of companies that capture the attention of market participants, Reliance Retail Ventures Limited stands out as a formidable player in the retail landscape. In this article, we delve into the latest news and updates surrounding Reliance Retail share price, dissecting the factors shaping its trajectory and providing insights into what the future may hold for investors.

Understanding Reliance Retail Ventures Limited: A Brief Overview

Before delving into the intricacies of Reliance Retail share price, it's essential to grasp the company's background and its significance in the market. Reliance Retail Ventures Limited, a subsidiary of Reliance Industries Limited (RIL), is India's largest organized retail player, with a diverse portfolio spanning multiple sectors including grocery, fashion, electronics, and digital services.

Founded by Mukesh Ambani, the chairman and managing director of RIL, Reliance Retail has redefined the retail landscape in India through its innovative business models, robust supply chain infrastructure, and customer-centric approach. With a widespread presence across urban and rural markets, Reliance Retail caters to the diverse needs of millions of consumers, offering a seamless shopping experience through its offline and online channels.

Factors Influencing Reliance Retail's Share Price

Several factors contribute to the fluctuations in Reliance Retail share price, reflecting the intricate interplay of internal dynamics and external market forces. Understanding these factors is crucial for investors seeking to decipher the rationale behind the stock's movements and make informed decisions.

1. Financial Performance: Reliance Retail's financial performance serves as a key driver of its share price. Investors closely monitor metrics such as revenue growth, profit margins, and same-store sales to gauge the company's operational efficiency and growth prospects. Positive earnings reports often translate into upward momentum in the stock price, while disappointing results may lead to corrections.

2. Expansion and Growth Strategy: Reliance Retail's expansion and growth strategy play a pivotal role in shaping investor sentiment. The company's ambitious plans to scale up its retail footprint, enter new markets, and diversify its product offerings are closely tracked by investors as indicators of future revenue growth and market dominance.

3. Strategic Partnerships and Acquisitions: Reliance Retail's strategic partnerships and acquisitions are closely scrutinized by investors for their potential to create synergies and unlock value. Collaborations with global brands, tie-ups with technology companies, and acquisitions of established players in the retail ecosystem can significantly impact the company's market positioning and Reliance Retail share price performance.

4. Digital Transformation Initiatives: Reliance Retail's foray into digital commerce and technology-driven initiatives is a key focus area for investors. The company's efforts to leverage data analytics, artificial intelligence, and e-commerce platforms to enhance customer engagement and drive online sales growth are viewed as critical factors in shaping its future competitiveness and share price trajectory.

5. Regulatory Environment and Policy Changes: Regulatory developments and policy changes in the retail sector can have a profound impact on Reliance Retail's business operations and growth prospects. Changes in foreign direct investment (FDI) regulations, taxation policies, and e-commerce regulations may create opportunities or challenges for the company, influencing investor sentiment and share price dynamics.

Recent Developments and News Impacting Reliance Retail's Share Price

As of the latest updates, several developments have influenced Reliance Retail share price, reflecting the company's response to evolving market trends and strategic imperatives. Here are some notable news items and events shaping investor sentiment:

1. Expansion into New Verticals: Reliance Retail has been actively expanding its presence in new verticals such as fashion, electronics, and digital services. The launch of exclusive partnerships with leading global brands, expansion of its omni-channel retail ecosystem, and investments in digital platforms have garnered investor attention and contributed to positive sentiment towards the stock.

2. Strategic Investments and Acquisitions: Reliance Retail has made strategic investments and acquisitions to strengthen its market position and enhance its capabilities. Notable acquisitions include the purchase of Future Group's retail assets and investments in emerging digital commerce startups. These moves are seen as strategic steps to consolidate the company's leadership position in the retail sector and drive future growth.

3. Digital Transformation and E-commerce Initiatives: Reliance Retail's focus on digital transformation and e-commerce initiatives has been met with enthusiasm by investors. The integration of JioMart, the company's online grocery platform, with its extensive offline retail network has positioned Reliance Retail as a formidable player in the rapidly growing e-commerce market, fueling optimism about its future growth prospects.

4. Financial Performance and Earnings Outlook: Reliance Retail's financial results for the latest quarter have surpassed market expectations, with strong revenue growth and improved profitability. The company's ability to sustain this momentum and capitalize on emerging opportunities in the retail sector has bolstered investor confidence and contributed to positive sentiment towards the stock.

5. Market Sentiment and Analyst Recommendations: Analyst reports and market sentiment surveys have provided insights into investor sentiment towards Reliance Retail's stock. Positive analyst recommendations, favorable outlooks, and bullish sentiment have contributed to upward pressure on the share price, reflecting confidence in the company's growth trajectory and strategic initiatives.

Looking Ahead: Prospects and Challenges

While Reliance Retail enjoys a dominant position in the Indian retail landscape, it faces a set of challenges and opportunities as it charts its course for future growth. Key factors that will influence Reliance Retail share price include:

1. Market Leadership and Competitive Positioning: Reliance Retail's ability to maintain its market leadership position and fend off competition from domestic and international players will be critical for sustaining investor confidence and share price appreciation. Continuous investments in brand building, customer experience, and operational excellence are essential to retaining market share and driving growth.

2. E-commerce Penetration and Digital Innovation: Reliance Retail's success in capturing a larger share of the burgeoning e-commerce market will be instrumental in driving future revenue growth and shareholder value. The company's ability to leverage its digital capabilities, scale up its online platforms, and offer differentiated value propositions to consumers will be key determinants of its competitiveness and share price performance.

3. Regulatory Compliance and Policy Dynamics: Reliance Retail must navigate regulatory challenges and policy uncertainties in the retail sector effectively. Engaging with regulators, advocating for conducive policy frameworks, and ensuring compliance with regulatory requirements are essential to mitigating risks and maintaining investor confidence amidst evolving regulatory dynamics.

4. Consumer Demand and Spending Patterns: Reliance Retail's fortunes are closely tied to consumer demand and spending patterns, which are influenced by factors such as economic growth, income levels, and consumer sentiment. Monitoring shifts in consumer behavior, adapting to changing preferences, and offering relevant product offerings are crucial for driving footfall and sales growth, thereby supporting share price appreciation.

5. Global Economic Trends and Geopolitical Risks: Reliance Retail share price is susceptible to global economic trends and geopolitical risks that may impact commodity prices, currency exchange rates, and market sentiment. Monitoring macro-economic indicators, geopolitical developments, and global market trends is essential for assessing the broader economic context in which Reliance Retail operates and making informed investment decisions. In conclusion, Reliance Retail share price is influenced by a myriad of factors, including financial performance, strategic initiatives, regulatory environment, market sentiment, and global economic trends. By staying abreast of the latest news and developments surrounding the company, investors

#Reliance Retail Share Price #Reliance Retail IPO #Reliance Retail

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generalwombatexpert · 2 years ago

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Is reliance Retail a Listed company?

As of my knowledge arrestment in September 2021, Reliance Retail wasn't a independently listed company. Reliance diligence Limited( RIL) is the parent company that operates Reliance Retail. RIL is listed on the Indian stock exchanges, including the National Stock Exchange( NSE) and the Bombay Stock Exchange( BSE). still, please note that circumstances may have changed since also. For the most over- to- date and accurate information, I recommend checking with a dependable fiscal source or conducting an internet hunt to see if there have been any recent developments regarding Reliance Retail's table status. For further details on upcoming IPOs, share price update, financials etc. visit Planify capital limited.

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#Reliance Retail Pre IPO #Reliance Retail Share Price #Reliance Retail IPO #Reliance Retail Unlisted shares #Reliance Retail Unlisted Share Price #Reliance Retail Upcoming IPO #Reliance Retail Unlisted share

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mostlysignssomeportents · 11 months ago

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Amazon’s financial shell game let it create an “impossible” monopoly

I'm on tour with my new, nationally bestselling novel The Bezzle! Catch me in TUCSON (Mar 9-10), then San Francisco (Mar 13), Anaheim, and more!

For the pro-monopoly crowd that absolutely dominated antitrust law from the Carter administration until 2020, Amazon presents a genuinely puzzling paradox: the company's monopoly power was never supposed to emerge, and if it did, it should have crumbled immediately.

Pro-monopoly economists embody Ely Devons's famous aphorism that "If economists wished to study the horse, they wouldn’t go and look at horses. They’d sit in their studies and say to themselves, ‘What would I do if I were a horse?’":

https://pluralistic.net/2022/10/27/economism/#what-would-i-do-if-i-were-a-horse

Rather than using the way the world actually works as their starting point for how to think about it, they build elaborate models out of abstract principles like "rational actors." The resulting mathematical models are so abstractly elegant that it's easy to forget that they're just imaginative exercises, disconnected from reality:

https://pluralistic.net/2023/04/03/all-models-are-wrong/#some-are-useful

These models predicted that it would be impossible for Amazon to attain monopoly power. Even if they became a monopoly – in the sense of dominating sales of various kinds of goods – the company still wouldn't get monopoly power.

For example, if Amazon tried to take over a category by selling goods below cost ("predatory pricing"), then rivals could just wait until the company got tired of losing money and put prices back up, and then those rivals could go back to competing. And if Amazon tried to keep the loss-leader going indefinitely by "cross-subsidizing" the losses with high-margin profits from some other part of its business, rivals could sell those high margin goods at a lower margin, which would lure away Amazon customers and cut the supply lines for the price war it was fighting with its discounted products.

That's what the model predicted, but it's not what happened in the real world. In the real world, Amazon was able use its access to the capital markets to embark on scorched-earth predatory pricing campaigns. When diapers.com refused to sell out to Amazon, the company casually committed $100m to selling diapers below cost. Diapers.com went bust, Amazon bought it for pennies on the dollar and shut it down:

https://www.theverge.com/2019/5/13/18563379/amazon-predatory-pricing-antitrust-law

Investors got the message: don't compete with Amazon. They can remain predatory longer than you can remain solvent.

Now, not everyone shared the antitrust establishment's confidence that Amazon couldn't create a durable monopoly with market power. In 2017, Lina Khan – then a third year law student – published "Amazon's Antitrust Paradox," a landmark paper arguing that Amazon had all the tools it needed to amass monopoly power:

https://www.yalelawjournal.org/note/amazons-antitrust-paradox

Today, Khan is chair of the FTC, and has brought a case against Amazon that builds on some of the theories from that paper. One outcome of that suit is an unprecedented look at Amazon's internal operations. But, as the Institute for Local Self-Reliance's Stacy Mitchell describes in a piece for The Atlantic, key pieces of information have been totally redacted in the court exhibits:

https://www.theatlantic.com/ideas/archive/2024/02/amazon-profits-antitrust-ftc/677580/

The most important missing datum: how much money Amazon makes from each of its lines of business. Amazon's own story is that it basically breaks even on its retail operation, and keeps the whole business afloat with profits from its AWS cloud computing division. This is an important narrative, because if it's true, then Amazon can't be forcing up retail prices, which is the crux of the FTC's case against the company.

Here's what we know for sure about Amazon's retail business. First: merchants can't live without Amazon. The majority of US households have Prime, and 90% of Prime households start their ecommerce searches on Amazon; if they find what they're looking for, they buy it and stop. Thus, merchants who don't sell on Amazon just don't sell. This is called "monopsony power" and it's a lot easier to maintain than monopoly power. For most manufacturers, a 10% overnight drop in sales is a catastrophe, so a retailer that commands even a 10% market-share can extract huge concessions from its suppliers. Amazon's share of most categories of goods is a lot higher than 10%!

What kind of monopsony power does Amazon wield? Well, for one thing, it is able to levy a huge tax on its sellers. Add up all the junk-fees Amazon charges its platform sellers and it comes out to 45-51%:

https://pluralistic.net/2023/04/25/greedflation/#commissar-bezos

Competitive businesses just don't have 45% margins! No one can afford to kick that much back to Amazon. What is a merchant to do? Sell on Amazon and you lose money on every sale. Don't sell on Amazon and you don't get any business.

The only answer: raise prices on Amazon. After all, Prime customers – the majority of Amazon's retail business – don't shop for competitive prices. If Amazon wants a 45% vig, you can raise your Amazon prices by a third and just about break even.

But Amazon is wise to that: they have a "most favored nation" rule that punishes suppliers who sell goods more cheaply in rival stores, or even on their own site. The punishments vary, from banishing your products to page ten million of search-results to simply kicking you off the platform. With publishers, Amazon reserves the right to lower the prices they set when listing their books, to match the lowest price on the web, and paying publishers less for each sale.

That means that suppliers who sell on Amazon (which is anyone who wants to stay in business) have to dramatically hike their prices on Amazon, and when they do, they also have to hike their prices everywhere else (no wonder Prime customers don't bother to search elsewhere for a better deal!).

Now, Amazon says this is all wrong. That 45-51% vig they claim from business customers is barely enough to break even. The company's profits – they insist – come from selling AWS cloud service. The retail operation is just a public service they provide to us with cross-subsidy from those fat AWS margins.

This is a hell of a claim. Last year, Amazon raked in $130 billion in seller fees. In other words: they booked more revenue from junk fees than Bank of America made through its whole operation. Amazon's junk fees add up to more than all of Meta's revenues:

https://s2.q4cdn.com/299287126/files/doc_financials/2023/q4/AMZN-Q4-2023-Earnings-Release.pdf

Amazon claims that none of this is profit – it's just covering their operating expenses. According to Amazon, its non-AWS units combined have a one percent profit margin.

Now, this is an eye-popping claim indeed. Amazon is a public company, which means that it has to make thorough quarterly and annual financial disclosures breaking down its profit and loss. You'd think that somewhere in those disclosures, we'd find some details.

You'd think so, but you'd be wrong. Amazon's disclosures do not break out profits and losses by segment. SEC rules actually require the company to make these per-segment disclosures:

https://scholarship.law.stjohns.edu/cgi/viewcontent.cgi?article=3524&context=lawreview#:~:text=If%20a%20company%20has%20more,income%20taxes%20and%20extraordinary%20items.

That rule was enacted in 1966, out of concern that companies could use cross-subsidies to fund predatory pricing and other anticompetitive practices. But over the years, the SEC just…stopped enforcing the rule. Companies have "near total managerial discretion" to lump business units together and group their profits and losses in bloated, undifferentiated balance-sheet items:

https://www.ucl.ac.uk/bartlett/public-purpose/publications/2021/dec/crouching-tiger-hidden-dragons

As Mitchell points you, it's not just Amazon that flouts this rule. We don't know how much money Google makes on Youtube, or how much Apple makes from the App Store (Apple told a federal judge that this number doesn't exist). Warren Buffett – with significant interest in hundreds of companies across dozens of markets – only breaks out seven segments of profit-and-loss for Berkshire Hathaway.

Recall that there is one category of data from the FTC's antitrust case against Amazon that has been completely redacted. One guess which category that is! Yup, the profit-and-loss for its retail operation and other lines of business.

These redactions are the judge's fault, but the real fault lies with the SEC. Amazon is a public company. In exchange for access to the capital markets, it owes the public certain disclosures, which are set out in the SEC's rulebook. The SEC lets Amazon – and other gigantic companies – get away with a degree of secrecy that should disqualify it from offering stock to the public. As Mitchell says, SEC chairman Gary Gensler should adopt "new rules that more concretely define what qualifies as a segment and remove the discretion given to executives."

Amazon is the poster-child for monopoly run amok. As Yanis Varoufakis writes in Technofeudalism, Amazon has actually become a post-capitalist enterprise. Amazon doesn't make profits (money derived from selling goods); it makes rents (money charged to people who are seeking to make a profit):

https://pluralistic.net/2023/09/28/cloudalists/#cloud-capital

Profits are the defining characteristic of a capitalist economy; rents are the defining characteristic of feudalism. Amazon looks like a bazaar where thousands of merchants offer goods for sale to the public, but look harder and you discover that all those stallholders are totally controlled by Amazon. Amazon decides what goods they can sell, how much they cost, and whether a customer ever sees them. And then Amazon takes $0.45-51 out of every dollar. Amazon's "marketplace" isn't like a flea market, it's more like the interconnected shops on Disneyland's Main Street, USA: the sign over the door might say "20th Century Music Company" or "Emporium," but they're all just one store, run by one company.

And because Amazon has so much control over its sellers, it is able to exercise power over its buyers. Amazon's search results push down the best deals on the platform and promote results from more expensive, lower-quality items whose sellers have paid a fortune for an "ad" (not really an ad, but rather the top spot in search listings):

https://pluralistic.net/2023/11/29/aethelred-the-unready/#not-one-penny-for-tribute

This is "Amazon's pricing paradox." Amazon can claim that it offers low-priced, high-quality goods on the platform, but it makes $38b/year pushing those good deals way, way down in its search results. The top result for your Amazon search averages 29% more expensive than the best deal Amazon offers. Buy something from those first four spots and you'll pay a 25% premium. On average, you need to pick the seventeenth item on the search results page to get the best deal:

https://scholarship.law.bu.edu/faculty_scholarship/3645/

For 40 years, pro-monopoly economists claimed that it would be impossible for Amazon to attain monopoly power over buyers and sellers. Today, Amazon exercises that power so thoroughly that its junk-fee revenues alone exceed the total revenues of Bank of America. Amazon's story – that these fees barely stretch to covering its costs – assumes a nearly inconceivable level of credulity in its audience. Regrettably – for the human race – there is a cohort of senior, highly respected economists who possess this degree of credulity and more.

Of course, there's an easy way to settle the argument: Amazon could just comply with SEC regs and break out its P&L for its e-commerce operation. I assure you, they're not hiding this data because they think you'll be pleasantly surprised when they do and they don't want to spoil the moment.

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2024/03/01/managerial-discretion/#junk-fees

Image: Doc Searls (modified) https://www.flickr.com/photos/docsearls/4863121221/

CC BY 2.0 https://creativecommons.org/licenses/by/2.0/

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viexports · 4 months ago

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What Makes a Reliable Non-Basmati Rice Manufacturer?

Non-basmati rice is a staple food in many countries due to its affordable price, versatility, and varying grain sizes. From long-grain to short-grain varieties, it serves as the backbone of countless meals. But what’s the difference between an ordinary supplier and a reliable manufacturer when it comes to non-basmati rice? For wholesalers, retailers, and even consumers, choosing the right rice manufacturer can make a huge difference in quality, consistency, and long-term relationships. This blog will explore the key factors that ensure you’re sourcing from a trustworthy non-basmati rice manufacturer.

Quality Control Practices and Certifications

The foundation of any reliable rice manufacturer is its commitment to quality. Manufacturers with strict quality control processes ensure that each batch of rice meets specific standards for purity, grain length, moisture content, and taste. Look for manufacturers that adhere to international certifications such as ISO 9001 for quality management and HACCP (Hazard Analysis and Critical Control Points) for food safety. These certifications ensure that the rice is produced under clean conditions and undergoes rigorous testing to remove impurities.

Additionally, quality manufacturers often employ state-of-the-art testing laboratories that analyze rice for contaminants such as pesticides, aflatoxins, and heavy metals. This commitment to food safety ensures that you are getting a premium product that meets global standards.

Consistent Supply and Scalability

A reliable non-basmati rice manufacturer must be able to meet consistent demand, whether you are a small retailer or a large-scale distributor. This means maintaining adequate stock, having capacity for large orders, and increasing production as needed. Manufacturers with extensive farming networks or partnerships with multiple farmers can better guarantee stable supply throughout the year, regardless of seasonal fluctuations.

Scalability is especially important for businesses looking to expand into new markets. A trustworthy manufacturer will have the flexibility to adjust production volumes to align with your growth, ensuring a smooth supply chain even during peak seasons.

Technological advancements in milling and packaging

Modern rice milling and packaging technology plays a key role in maintaining the quality and shelf life of non-basmati rice. Reliable manufacturers invest in advanced milling machinery that reduces broken grains and preserves the natural texture and flavor of rice. Look for manufacturers that use automated sorting technologies to remove discolored or damaged grains, ensuring a more consistent product.

Packaging also matters. Vacuum-sealed or air-tight packaging helps preserve freshness and prevent moisture ingress, which can lead to spoilage or insect infestation. Manufacturers that adopt innovative packaging solutions help ensure that their rice reaches consumers in optimal condition.

Sustainable and ethical sourcing

As consumers and businesses are becoming more aware of sustainability, it is important to work with a manufacturer that values ethical sourcing. Reliable manufacturers prioritize environmentally friendly farming practices, such as minimizing the use of chemical pesticides and adopting water conservation methods. Some manufacturers also support small-scale farmers by offering fair trade agreements, ensuring that local communities benefit from their involvement.

Sustainably sourced rice also tends to be higher in quality, as the plants are grown in healthy soil, without an excessive reliance on synthetic chemicals. Look for manufacturers that openly share their sustainability initiatives or hold certifications such as Fairtrade or Organic to further validate their commitment to ethical practices.

Customer Support and Global Reach

Strong customer support is the hallmark of any reliable non-basmati rice manufacturer. A good manufacturer should provide clear communication channels, timely responses to inquiries, and efficient problem-solving when issues arise. This level of support fosters trust and ensures a seamless business relationship over time.

Additionally, manufacturers with a global reach and experience exporting rice to multiple countries are better equipped to handle the complexities of international shipping, customs regulations, and regional preferences. A manufacturer with a proven export track record can provide invaluable guidance, especially for businesses looking to expand internationally.

Choosing the right non-basmati rice manufacturer isn’t just about considering price. Quality control, supply continuity, technological advancements, consistency and customer support all play a vital role in ensuring you get a great product. By partnering with a reliable manufacturer, you can guarantee that your business will thrive and your customers will be happy.

#basmati rice #exporter #rice #food #india

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news365timesindia · 24 hours ago

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[ad_1] By Anjali Sharma WASHINGTON – Global brokerage Goldman Sachs on Friday lowered its target price for Reliance Industries Ltd, while maintaining ‘buy’ rating for the diversified group. The brokerage reduced RIL’s target price to Rs 1,595 from its previous target of Rs 1,630. The revised target price still suggests a 26 per cent potential upside (as compared to the stock’s closing price on Wednesday). The brokerage said in a note “We believe the sell-off in RIL’s shares is overdone as the share price is now near our bear case scenario”. It has flagged the points that are seen to be not going in RIL’s favor. This includes the company’s return inflection thesis “taking longer than expected”, it said. In the October-December quarter (Q3 FY25), Goldman Sachs sees RIL’s EBITDA to “remain largely flat” on annual basis, despite being expected to grow 5 per cent sequentially. The brokerage has lowered the company’s EBITDA estimate for the period between fiscal 2025 to fiscal 2027 by up to 4 per cent. Goldman Sachs is optimistic about RIL’s return expansion in fiscal 2026, with returns of telecom arm Jio already seen to be inflecting. It expects the earnings before interest, taxes, depreciation and amortization to grow 24 per cent year-on-year in fiscal 2026. Morgan Stanley in a note maintained the ‘overweight’ rating on RIL’s stock, while setting a target price of Rs 1,662. The revised target suggested a 34 per cent upside potential. “In 2025, as new refining capacity is absorbed, retail profitability improves, and new energy cash flows kick in, re-rating should regain traction,” the brokerage said. In Q3 FY25, Morgan Stanley expects the company’s EBITDA to remain flattish on an annualized basis despite rising 4 per cent sequentially, as “telecom tariff hikes and tightness in global fuel markets filter through in profitability”. Bernstein has set a target price of Rs 1,520 apiece for RIL, which suggested an upside of 25 per cent. The post Goldman Sachs lowers target price of Reliance Industries’ stock, maintains ‘Buy’ rating appeared first on Global Governance News- Asia's First Bilingual News portal for Global News and Updates. [ad_2] Source link

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news365times · 24 hours ago

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global-research-report · 10 days ago

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The Future of Decision-Making: Trends in the Advanced Analytics Market

The global advanced analytics market size is expected to reach USD 305.42 billion in 2030 and is projected to grow at a CAGR of 26.4% from 2025 to 2030. The market growth can be attributed to the increasing demand for advanced analytical solutions by companies across the retail, IT & telecom, and BFSI sectors, among others. These solutions help to process large volumes of data and determine fraudulent activities, thus ensuring data protection. For instance, IBM Cloud Pak for Security enables companies to identify hidden threats and make informed risk-based decisions.

Industries such as manufacturing, automotive, and pharmaceuticals are rapidly adopting artificial intelligence, machine learning, and big data to optimize their business processes. These technologies enable manufacturers to improve their production process, increase supply chain efficiency, and identify variables affecting the production quality, which bodes well for market growth. Moreover, as the demand for predictive solutions is growing, key players such as SAS Institute, Inc. and International Business Machines Corp. are introducing cutting-edge solutions that can be offered on cloud.

Advanced analytical solutions are emerging as an essential tool for predicting and forecasting trading patterns, electricity consumption patterns, and rush-hour traffic conditions. As such, many government agencies are making significant investments in these solutions. For instance, the Australian Institute of Health and Welfare uses predictive analysis to access large datasets, such as national hospitals’ databases. The agency uses a projection model to forecast Australian healthcare expenditure by combining various factors, such as population growth, the volume of service per treated case, and excess health price inflation.

Advanced Analytics Market Report Highlights

The cloud segment accounted for the largest market share of over 62% in 2024, owing to increasing data connectivity through hybrid and multi-cloud environments and the growing trend of digitalization.

The big data analytics segment accounted for the largest market share of over 32% in 2024, owing to the growing adoption of IIoT and AI by various organizations to efficiently analyze information and make timely decisions.

The small & medium enterprise (SME) segment is expected to grow at a significant rate during the forecast period. Owing to funding provided by several governments to SMEs to encourage the adoption of advanced analytical solutions such as SaaS.

The BFSI end use segment accounted for the largest market share in 2024, owing to its heavy reliance on data for risk management, fraud detection, and customer insights.

The advanced analytics market in the Asia Pacific is growing significantly at a CAGR of over 27% from 2025 to 2030. The Asia Pacific advanced analytics market is growing rapidly due to increasing digitalization across industries and the rise of e-commerce and fintech sectors.

Advanced Analytics Market Segmentation

Grand View Research has segmented the global Advanced Analytics market on the basis of application and region:

Advanced Analytics Type Outlook (Revenue, USD Billion, 2018 - 2030)

Big Data Analytics

Business Analytics

Customer Analytics

Risk Analytics

Statistical Analysis

Others

Advanced Analytics Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

On-premise

Cloud

Advanced Analytics Enterprise Size Outlook (Revenue, USD Billion, 2018 - 2030)

Large Enterprises

Small and Medium Enterprises (SMEs)

Advanced Analytics End Use Outlook (Revenue, USD Billion, 2018 - 2030)

BFSI

Government

Healthcare

Military & Defense

IT & Telecom

Others

Advanced Analytics Regional Outlook (Revenue, USD Billion, 2018 - 2030)

North America

Canada

Mexico

Europe

Germany

France

Asia Pacific

China

India

Japan

South Korea

Australia

Latin America

Brazil

Middle East & Africa

A.E

Saudi Arabia

South Africa

Order a free sample PDF of the Advanced Analytics Market Intelligence Study, published by Grand View Research.

#Advanced Analytics Market

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cleverhottubmiracle · 12 days ago

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Japan’s economic conditions, except price rise, remained largely in control in 2024. Japan’s core inflation stayed at or above the Central bank’s 2-per cent target for the 28th month in a row, and third consecutive month in July 2024. In the same month, the ‘core’ index, excluding fresh food and energy costs, rose 1.9 per cent after increasing 2.2 per cent in June. However, the government subsidies for electricity and gas, which ended in May before returning back in August, continued to be a concern that reflected in the price increase in July.Japan's 2024 economy faced controlled inflation but rising costs due to fluctuating subsidies. Textile trade showed mixed results; imports rose while textile machinery exports declined. Innovations included recycled BOPP film, advanced busbar covering, biomass-derived LCP, and DuPont's photoresist expansion. JIAM 2024 featured cutting-edge apparel and non-apparel technology. Japanese international trade of textile and clothing, up to August, demonstrated the usual ups and downs, except for exports of textile machinery which continued to show a consistent fall across comparable periods. Trade in May The month of May – second in the fiscal 2025, was particularly good for imports. The clothing and accessories imports increased 16 per cent to ¥258,270 million (~$1,700 million) contributing 2.7 per cent to the country’s total imports of ¥9,497,927 million. The increase in clothing imports during the month was second time in a row, after declining in previous months and the previous fiscal 2024. In addition, an 8.8 per cent y-o-y increase was seen in the textile yarn and fabric imports during the month, amounting to ¥102,626 million that accounted for 1.1 per cent of total imports. On the exports front, textile yarn and fabric increased 11.4 per cent reaching ¥67,648 million. However, exports of textile machinery dropped 32.8 per cent amounting to ¥21,418 million while contributing 0.3 per cent to total exports. Six-month trade On a six-month basis, from January to June, Japan’s imports of clothing and accessories reached ¥1,686,160 million (~$11,019 million). This represented an increase of 6.9 per cent over the imports during the same period last year. The share of this import was 3.1 per cent to total imports. The six-month imports of textile yarn and fabric, however, declined 1.3 per cent y-o-y, totalling to ¥561,889 million that contributed 1 per cent of total imports during the period. Specifically, in June, the imports of clothing and accessories at ¥240,887 million ($1,574 million) was 0.6 per cent more than the imports in June 2023. The imports of textile yarn and fabric decreased 13.5 per cent to ¥7,109 million during the same month. The exports of textile yarn and fabric in six-month period reached ¥403,331 million, registering an increase of 8.9 per cent but ¥128,147 million worth of textile machinery exports dropped 20.3 per cent y-o-y. The outbound shipment of textile yarn and fabric was noted as ¥73,516 million in June 2024, 6.3 per cent higher than the trade in the corresponding month of 2023. Textile machinery exports fell by 26.8 per cent to ¥19,143 million in June 2024. China’s domination The textile and clothing imports continued to increase in July too, marking a 14.9 per cent increase over July 2023. The import amounted to $2.8 billion (~¥428 billion) versus $2.44 billion (~¥373 billion) reflecting a rise in consumer demand and the country’s reliance on imported textiles to meet domestic demand. In this, clothing imports worth $1.9 billion (¥291 billion) increased 12.5 per cent y-o-y, while textile imports including fabrics and yarn increased 18.2 per cent and reached $900 million. The growth was driven by the recovery in consumer spending following the softening of COVID-19 restrictions and resurgence in the retail sector. China remained Japan’s top supplier of textile and clothing with 55 per cent share. The import from China in July stood at $1.54 billion (~¥236 billion), increasing 10 per cent y-o-y. The other major suppliers were Vietnam, Bangladesh and India, all with double-digit growth in their export volumes to Japan. The surge in imports underscored Japan’s growing demand for affordable and diverse fashion options, as well as high-quality textiles used in its various industries. However, it also highlights Japan’s dependence on international markets, making the country vulnerable to global supply chain disruptions. Japan’s exports of textile yarn and fabric in July rose by 8.2 per cent compared to July 2023, reaching ¥72,547 million ($474 million). In contrast, exports of textile machinery continued to fall, 28.1 per cent during the month, amounting to ¥21,282 million ($139 million) and contributing 0.2 per cent to total exports. Trade in August In August, exports of textile yarn and fabric increased 9.2 per cent compared to the same month last year and reached ¥66,353 million (~$434 million); and, exports of textile machinery, amounting to ¥23,262 million (~$152 million), fell 9.5 per cent. The imports of clothing and accessories during the month decreased 8.1 per cent to ¥348,002 million (~$2.27 billion) and constituted 3.8 per cent of total imports (¥9.137 trillion), according to provisional data from Japan’s Ministry of Finance. The imports of textile yarn and fabric decreased 5.7 per cent totalling to ¥91,014 million (1 per cent of total imports). Manufacturing woes in September The manufacturing sector had a troubled third quarter, with fall in production levels and a sustained drop in new orders continuing into September, as per au Jibun Bank Japan manufacturing PMI data. The headline manufacturing PMI in August was 49.8 (neutral 50 being the threshold) which dropped marginally to 49.7 in September, indicating a decline, though a slight one, in overall operating conditions. The output charges rose at the slowest rate since mid-2021. Although average operating expenses remained historically high, the firms chose not to pass the whole of elevated costs on to the clients. Inflationary pressures remained high across Japan’s manufacturing industry pushing the firms to spend higher on labour, logistics and raw materials. However, the rate of inflation had eased from August to reach the lowest for five months. In addition, the level of new orders placed with Japanese manufacturers continued to fall due to economic weaknesses. Nevertheless, this was partially offset by firms opting to complete outstanding orders. This resulted in backlogs of work falling at moderate pace which extended the prevalent sequence of depletion to two years. Adding to the woes of the manufacturing sector, international demand dipped with the new export sales contracting at a solid rate that was the strongest since March. At the same time, the level of input inventories also rose during the month. This was due to reductions over two consecutive months as firms held pre-production inventories to stay prepared for any eventual demand recovery. When manufacturers raised input purchases slightly in September, the vendor performance went down with lengthening of delivery times – a distinct for seven-month period. The rate of job creation remained fractional during the month, also lowest for a consecutive seven-month sequence. Despite all these challenges, the business confidence remained positive in September, based on the expectations of renewed demand and, as its outcome, the mass production of new products that would follow. Firms stayed hopeful for a wider economic recovery. Meanwhile, Japanese companies continued to deliver some notable innovations for the industry. New BOPP film The month of October saw the sample launch of a recycled flexible packaging BOPP (Biaxially-Oriented Polypropylene) – a type of plastic film with a wide range of applications in the packaging, labelling, and laminating industries. The film is the result of a joint pilot test, initiated in August 2023, by Toppan Holdings Inc. group company Toppan Inc., RM Tohcello Co., Ltd., and Mitsui Chemicals, Inc. The printed waste generated by Toppan gets collected and taken to Mitsui Chemicals’ Nagoya Works which removes the ink to turn waste into pellets, which are then converted into film by RM Tohcello. The tested film is suited for mass production processes such as printing, laminating and pouch forming. The BOPP film samples were displayed at both the Toppan’s and Mitsui’s booths at Tokyo Pack 2024 event held on October 23-25, 2024. The three companies, which together established a technological and operational framework for the horizontal recycling of flexible packaging film, hope to see it enter the market within FY25 after further development and popularising. The Japanese Government’s Resource Circulation Strategy for Plastics includes a target of transitioning to reusable or recyclable plastic designs by 2025. Milestones under the strategy for 2030 include the reuse and recycling of 60 per cent of plastic containers and packaging and doubling of recycling of plastic resources. With 2025 as an important starting point towards these milestones, it will be essential for companies engaged in the industry to expand efforts for reuse and recycling on their way to 2030. Advanced busbar covering Shin-Etsu Chemical Co., Ltd. developed the ST-OR Type heat-shrinkable silicone rubber tubing for busbar covering for the first time in the industry. Typically made of copper or aluminium, the busbar is a conductive metallic strip used for power connection or distribution. Busbars have wide-range of applications not only in switchboards and control panels but also in electric vehicles (EVs) and hybrid vehicles (HEVs). Busbars are protected with tape, tubing or other insulating parts as they are subjected to high currents and voltages, and in case of EVs and HEVs this subjection is even more severe. This calls for the insulations with more advanced properties of electrical insulation and heat resistance. The ST-OR Type heat-shrinkable silicone rubber tubing for busbar covering is a new product that meets these requirements. The key features of new product include dielectric strength of 28 kV/mm, operating temperature range of −40°C to +200°C, bright orange on the outer surface, flexibility retention even after heat shrinking, and availability of ST-TC-1 Type for thermal interface applications, making it suitable for covering a heating part to transfer heat to the casing. Biomass-derived LAPEROS In September, Polyplastics Co., Ltd. – the global leader in engineering plastics, launched the LAPEROS bG-LCP sustainable solution based on biomass-derived materials which reduces CO2 emissions and improves the renewable content ratio. The solution is based on mass balance approach – an accounting principle that matches the inputs, such as plastic waste, with outputs from a recycling or production process to determine the recycled content. The mass balance approach combines raw materials derived from biomass with those derived from fossil resources. When further combined into resin manufacturing processes, a portion of the resulting product can be considered to be biomass-derived, according to the volume of biomass raw material input. Thus, it eliminates the prevalent need of producing biomass-derived and fossil resource-derived products separately. Furthermore, the users have no need to re-evaluate performance and quality for each separate grade. In this way, the approach effectively helps to achieve carbon neutrality and a circular economy more quickly. To be commercialised in spring 2025, LAPEROS bG-LCP is manufactured like conventional products and exhibits the same chemical and physical properties. The company plans to expand this new solution to all grades of LAPEROS LCP. DuPont enhanced local capacity On October 3, 2024, DuPont announced the successful completion of a significant expansion for photoresist manufacturing capacity at the DuPont Sasakami Site in Agano-shi, Niigata, Japan. The celebration event commemorated the opening of a new building named the East Star – a component of DuPont’s growth strategy for its lithography offerings. With this expansion, DuPont nearly doubled its photoresist production capacity at the site. The East Star Building features state-of-the-art cleanrooms with air cleanliness standards ranging from ISO Class 10 to Class 1000 for the production of high-quality photoresists. Additionally, the advanced automation systems have been implemented to reduce contamination risks and maintain a controlled, hygienic environment. JIAM 2024 The 13th edition of the Japan International Apparel & Non-Apparel Manufacturing Technology Trade Show (JIAM) 2024 Osaka took place from November 27 – 30, 2024 at INTEX Osaka, with inclusion of ‘non-apparel’ this time, to showcase the cutting-edge innovations from around the world. The non-apparel sectors had attracted a significant increase in exhibitors from the aerospace, automation and aviation industries, by the time this feature went in print, reflecting the growing demand for advanced textile solutions in these high-tech fields. The visitors were due for opportunity to explore a dynamic range of sewing and cutting machinery, latest textile products, technologies and services that drive industry innovation in critical sectors. Fibre2Fashion News Desk (SB - WE) Source link

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norajworld · 12 days ago

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ellajme0 · 12 days ago

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delistedshares · 5 months ago

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Reliance Retail Unlisted Shares: A Guide to Investing

Investing in unlisted shares can be a strategic move for savvy investors looking to gain exposure to high-growth companies before they go public. One prominent player in this space is Reliance Retail, a subsidiary of Reliance Industries and one of India's largest retail chains. This guide will help you understand the potential of investing in Reliance Retail unlisted shares, including how to track the Reliance Retail unlisted share price and make informed investment decisions.

Understanding Reliance Retail Unlisted Shares

Reliance Retail is a major player in India's retail sector, with a vast network of stores across various formats, including grocery, fashion, and electronics. As an unlisted entity, its shares are not available on public stock exchanges. Instead, they are traded privately, often through over-the-counter (OTC) platforms or direct transactions between buyers and sellers.

Why Invest in Reliance Retail Unlisted Shares?

Growth Potential: Reliance Retail has shown impressive growth over the years. Investing in its unlisted shares allows you to tap into the company's future growth potential before it becomes publicly traded.

Diversification: Adding Reliance Retail unlisted shares to your portfolio can diversify your investments, especially if you're looking to gain exposure to the retail sector.

Early Access: Buying Reliance Retail unlisted shares provides an opportunity to invest in a leading company at a potentially lower price before it lists on the stock exchange.

Tracking the Reliance Retail Unlisted Share Price

Since Reliance Retail shares are unlisted, their prices can be less transparent than those of listed stocks. To track the Reliance Retail unlisted share price, consider the following methods:

Private Marketplaces: Unlisted shares are often traded on private marketplaces or OTC platforms. These platforms may provide current pricing and recent transaction data.

Brokerage Firms: Some brokerage firms specialize in unlisted shares and can provide up-to-date information on the Reliance Retail unlisted share price.

Financial News and Reports: Keep an eye on financial news and reports that may offer insights into the company's performance and any potential changes in its share price.

How to Invest in Reliance Retail Unlisted Shares

Research: Thoroughly research Reliance Retail’s financial health, business model, and growth prospects. Understanding the company's fundamentals is crucial before making any investment.

Find a Seller: Since these shares are unlisted, you’ll need to find a seller, which could be through private transactions or specialized brokers dealing in unlisted shares.

Valuation: Determine the fair value of the shares based on current market conditions and the Reliance Retail unlisted share price. Ensure you are paying a reasonable price.

Legal and Regulatory Aspects: Ensure that all transactions comply with legal and regulatory requirements. Consult with legal experts if necessary.

Risks and Considerations

Investing in unlisted shares carries its own set of risks:

Liquidity: Unlisted shares may be harder to sell quickly compared to listed stocks.

Transparency: Information about unlisted companies may not be as readily available as it is for publicly traded companies.

Valuation: Valuing unlisted shares can be challenging, and prices may vary significantly based on supply and demand.

Conclusion

Investing in Reliance Retail unlisted shares offers the potential for significant returns, especially given the company's strong market position and growth prospects. However, it's essential to stay informed about the Reliance Retail unlisted share price and conduct thorough research before making any investment decisions. By understanding the dynamics of unlisted shares and following a strategic approach, you can position yourself to benefit from one of India’s leading retail giants.

For the latest updates and information, regularly check private marketplaces, consult with financial advisors, and keep abreast of industry news.

#Reliance Retail unlisted share price #relianceindustries #delisted stocks

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freddiemark · 10 months ago

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Analyzing Reliance Retail Share Price and the Impact of its IPO

Introduction to Reliance Retail Share Price

In the bustling landscape of Indian retail, Reliance Retail Ventures Limited (RRVL) has emerged as a juggernaut, redefining the dynamics of the industry with its innovative strategies and expansive reach. As a subsidiary of Reliance Industries Limited (RIL), India's largest conglomerate, Reliance Retail has witnessed remarkable growth, captivating investor interest and reshaping market dynamics. This article delves into the captivating narrative of Reliance Retail share price trajectory, with a keen focus on its Initial Public Offering (IPO) and the factors influencing its market performance.

Understanding Reliance Retail: A Brief Overview

Reliance Retail, the retail arm of Reliance Industries Limited, has etched its presence across diverse segments, including grocery, fashion, electronics, and digital services. With a pan-India footprint comprising thousands of stores and a robust e-commerce platform, Reliance Retail has become synonymous with convenience, affordability, and innovation. Leveraging its synergies with RIL's other businesses, Reliance Retail has created a formidable ecosystem, offering consumers a seamless shopping experience.

Reliance Retail Share Price: A Historical Perspective

To comprehend the dynamics of Reliance Retail share price, it's essential to delve into its historical performance. Over the years, the company's stock has been a reflection of its strategic maneuvers, financial prowess, and market sentiments. The trajectory of Reliance Retail's share price has been marked by periods of exponential growth, interspersed with occasional corrections and consolidation phases.

Despite encountering market volatilities, Reliance Retail has demonstrated resilience, with its share price exhibiting an upward trajectory fueled by robust business fundamentals, strategic acquisitions, and market expansion initiatives. The company's ability to adapt to changing consumer trends, innovate across business verticals, and capitalize on emerging opportunities has been instrumental in driving its stock performance.

The Impact of Reliance Retail IPO

One of the watershed moments in Reliance Retail's corporate journey was its Initial Public Offering (IPO), which captured widespread attention and investor enthusiasm. The IPO represented a strategic move aimed at unlocking value, enabling broader participation in the company's growth story, and providing Reliance Retail with the necessary capital infusion for expansion and strategic initiatives. Backed by RIL's reputation and track record, the IPO garnered significant investor interest, reflecting confidence in Reliance Retail's prospects.

The IPO not only catapulted Reliance Retail into the limelight but also reinforced its position as a dominant player in India's retail landscape. It provided a platform for the company to showcase its robust business model, diverse revenue streams, and growth potential to potential investors. Moreover, the IPO facilitated liquidity for existing stakeholders, enabling them to monetize their investments and unlock value.

Factors Influencing Reliance Retail Share Price

Several factors influence the share price dynamics of Reliance Retail, encompassing both internal and external elements. Let's explore some key determinants shaping the company's stock performance:

1. Financial Performance: Reliance Retail's financial performance, including revenue growth, profitability margins, and cash flow generation, serves as a key determinant of its share price. Strong quarterly earnings, coupled with prudent financial management, often translate into positive market reactions and upward momentum in the stock price.

2. Expansion and Diversification: Reliance Retail's expansion initiatives, both organically and through strategic acquisitions, play a crucial role in shaping investor perceptions and driving share price appreciation. The company's foray into new markets, introduction of innovative retail formats, and diversification into high-growth segments contribute to its long-term growth trajectory, thereby positively impacting Reliance Retail share price.

3. Economic and Market Trends: Macroeconomic indicators, consumer sentiment, and broader market trends exert significant influence on Reliance Retail's share price. Favorable economic conditions, coupled with rising disposable incomes and consumption patterns, bode well for the company's retail operations, driving investor confidence and share price appreciation.

4. Technological Disruptions: The advent of digital technologies and e-commerce platforms has revolutionized the retail landscape, presenting both opportunities and challenges for Reliance Retail. The company's ability to embrace digital transformation, innovate across its omnichannel offerings, and leverage data analytics to enhance customer experiences can influence its competitiveness and, consequently, Reliance Retail Stock Price.

5. Regulatory Environment: Regulatory changes and policy interventions, particularly those related to foreign direct investment (FDI) norms, taxation policies, and retail regulations, can impact Reliance Retail's operations and profitability, thereby influencing its share price.

6. Investor Sentiment and Market Perception: Investor sentiment, analyst recommendations, and institutional investor interest play a crucial role in shaping market perceptions about Reliance Retail. Positive analyst coverage, favorable investor sentiment, and strategic endorsements can bolster investor confidence and drive share price appreciation.

Conclusion The journey of Reliance Retail share price is a captivating saga, reflecting the company's resilience, strategic foresight, and commitment to value creation. From its historical performance to the transformative impact of its IPO, Reliance Retail's trajectory in the stock market underscores its emergence as a formidable force in India's retail landscape. As the company continues to innovate, expand its footprint, and capitalize on emerging opportunities, investors remain poised to reap the benefits of its sustained growth and value creation. With a steadfast focus on consumer-centricity, technological innovation, and strategic partnerships, Reliance Retail is poised to chart new heights, driving shareholder value and shaping the future of retail in India and beyond.

#Reliance Retail Share Price #Reliance Retail IPO

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mostlysignssomeportents · 2 years ago

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Rural towns and poor urban neighborhoods are being devoured by dollar stores

Across America, rural communities and big cities alike are passing ordinances limiting the expansion of dollar stores, which use a mix of illegal predatory tactics, labor abuse, and monopoly consolidation to destroy the few community grocery stores that survived the Walmart plague and turn poor places into food deserts.

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2023/03/27/walmarts-jackals/#cheater-sizes

"The Dollar Store Invasion," is a new Institute For Local Self Reliance (ILSR) report by Stacy Mitchell, Kennedy Smith and Susan Holmberg. It paints a detailed, infuriating portrait of the dollar store playback, and sets out a roadmap of tactics that work and have been proven in dozens of places, rural and urban:

https://cdn.ilsr.org/wp-content/uploads/2023/01/ILSR-Report-The-Dollar-Store-Invasion-2023.pdf

The impact of dollar stores is plainly stated in the introduction: "dollar stores drive grocery stores and other retailers out of business, leave more people without access to fresh food, extract wealth from local economies, sow crime and violence, and further erode the prospects of the communities they target."

This new report builds on ILSR's longstanding and excellent case-studies, augmenting them with the work of academic geographers who are just starting to literally map out the dollar store playbook, identifying the way that a dollar stores will target, say, the last grocery store in a Black neighborhood and literally surround it, like hyenas cornering weakened prey. This tactic is repeated whenever a new grocer opens in the neighborhood: dollar stores "carpet bomb" the surrounding blocks, ensuring that the new store closes as quickly as it opens.

One important observation is the relationship between these precarious neighborhood grocers and Walmart and its other big-box competitors. Deregulation allowed Walmart to ring cities with giant stores that relied on "predatory buying" (wholesale terms that allowed Walmart to sell goods more cheaply than its competitors bought them, and also rendered its suppliers brittle and sickly, and forced down the wages of those suppliers' workers). This was the high cost of low prices: neighborhoods lost their local grocers, and community dollars ceased to circulate in the community, flowing to Walmart and its billionaire owners, who spent it on union busting and political campaigns for far-right causes, including the defunding of public schools.

This is the landscape where the dollar stores took root: a nation already sickened by an apex predator, which left a productive niche for jackals to pick off the weakened survivors. Wall Street loved the look of this: the Private equity giant KKR took over Dollar General in 2007 and went on a acquisition and expansion bonanza. Even after KKR formally divested itself of Dollar General, the company's hit-man Michael M Calbert stayed on the board, rising to chairman.

The dollar store market is a duopoly. Dollar General's rival is Dollar Tree, another gelatinous cube of a company that grew by absorbing many of its competitors, using Wall Street's money. These acquisitions are now notorious for the weaknesses they exposed in antitrust practice. For example, when Dollar Tree bought Family Dollar, growing to 14,000 stores, the FTC waved the merger through on condition that the new business sell off 330 of them. These ineffectual and pointless merger conditions are emblematic of the inadequacy of antitrust as it was practiced from the Reagan administration until the sea-change under Biden, and Dollar Tree/Family Dollar is the poster child for more muscular enforcement.

The duopoly has only grown since then. Today, Dollar General and Dollar Tree have more than 34,000 US outlets - more than Starbucks, #Walmart, McDonalds and Target - combined.

Destroying a community's grocery store rips out its heart. Neighborhoods without decent access to groceries impose a tax on their already-struggling residents, forcing them to spend hours traveling to more affluent places, or living off the highly processed, deceptively priced (more on this later) goods for sale on the dollar store shelves.

Take Cleveland, once served by a small family chain called Dave's Market that had served its communities since the 1920s. Dave's store in the Collinwood neighborhood was targeted by Family Dollar and Dollar General, which opened seven stores within two miles of the Dave's outlet. The dollar stores targeted the only profitable part of Dave's business - the packaged goods (fresh produce is a money-loser, subsidized by packaged good).

The dollar stores used a mix of predatory buying and "cheater sizes" (packaged goods that are 10-20% smaller than those sold in regular outlets, which are not available to other retailers) to sell goods at prices that Dave's couldn't match, driving Dave's out of business.

Typical dollar stores stock no fresh produce or meat. If your only grocer is a dollar store, your only groceries are highly processed, packaged foods, often sold in deceptive single-serving sizes that actually cost more per ounce than the products that the defunct neighborhood grocer once sold.

Dollar stores don't just target existing food deserts - they create them. Dollar stores preferentially target Black and brown neighborhoods with just a single grocer and then they use predatory pricing (subsidizing the cost of goods and selling them at a loss) and predatory buying to force that grocery store under and tip the neighborhood into food desert status.

Dollar stores don't just target Black and brown urban centers; they also go after rural communities. The commonality here is that both places are likely to be served by independent grocers, not chains, and these indies can't afford a pricing war with the Wall Street-backed dollar store duopoly.

As mentioned, the "predatory buying" of dollar stores is illegal - it was outlawed in 1936 under the Robinson-Patman Act, which required wholesalers to offer goods to all merchants on the same terms. 40 years ago, we stopped enforcing those laws, leading the rise and rise of big box stores and the destruction of the American Main Street.

The lawmakers who passed Robinson-Patman knew what they were doing. They were aware of what contemporary economists call "the waterbed effect," where wholesalers cover the losses from their massive discounts to major retailers by hiking prices on smaller stores, making them even less competitive and driving more market consolidation.

When dollar stores invade your town or neighborhood, they don't just destroy the food choices, they also come for neighborhood jobs. Where a community grocer typically employs 12 or more people, Dollar General employs about 8 per store. Those workers are paid less, too: 92% of Dollar General's workers earn less than $15/h, making Dollar General the worst employer of the 66 large service-sector firms.

Dollar stores also lean heavily into the tactic of turning nearly every role at its store into a "management" job, because managers aren't entitled to overtime pay. That's how you can be the "manger" of a dollar store and take home $40,000 a year while working more than 40 hours every single week.

Understaffing stores turns them into crime magnets. Shootings at dollar stores are routine. Between 2014-21, 485 people were shot at dollar stores - 156 of them died. Understaffed warehouses are vermin magnets. In the Eastern District of Arkansas, Family Dollar was subpoenaed after a rat infestation at its distribution centers that contaminated the food, medicines and cosmetics at 400 stores.

The ILSR doesn't just document the collapse of American communities - it fights back, so this report ends with a lengthy section on proven tactics and future directions for repelling the dollar store invasion. Since 2019, 75 communities have blocked proposals for new dollar stores - more than 50 of those cases happened in 2021/22.

54 towns, from Birmingham, AB to Fort Worth, TX to Kansas City, KS, have passed laws to "sharply restrict new dollar stores, typically by barring them from opening within one to two miles of an existing dollar store."

To build on this momentum, the authors call for a "reinvigoration of antitrust laws," especially the Robinson-Patman Act. Banning predatory buying would go far to creating a level playing field for independent grocers hoping to fight off a dollar store infestation.

Further, we need the FTC and Department of Justice Antitrust Divition to block mergers between dollar-store chains and unwind the anticompetitve mergers that were negligently waved through under previous administrations (thankfully, top enforcers like Jonathan Kantor and Lina Khan are on top of this!).

We need to free up capital for community banks that will back community grocers. That means rolling back the bank deregulation of the 1980s/90s that allowed for bank consolidation and preferential treatment for large corporations, while reducing lending to small businesses and destroying regional banks. Congress should cap the market share any bank can hold, break up the biggest banks, and require banks to preference loans for community businesses. We also need to end private equity and Wall Street's rollup bonanza.

All of that sounds like a tall order - and it is! But the good news is that it's not just groceries at stake here. Every kind of community business, from pet groomers to hairdressers to funeral homes, falls into the antitrust "Twilight Zone," of acquisitions under $101m. With 60% of Boomer-owned businesses expected to sell in the coming decade, 2.9m businesses employing 32m American workers are slated to be gobbled up by private equity:

https://pluralistic.net/2022/12/16/schumpeterian-terrorism/#deliberately-broken

Whether you're burying a loved one, getting dialysis, getting your cat fixed or having your dog's nails trimmed, you are already likely to be patronizing a business that has been captured by private equity, where the service is worse, the prices are higher and the workers earn less for harder jobs. Everyone has a stake in financial regulation. We are all in this fight, except for the eminently guillotineable PE barons, and you know, fuck those guys

At the state level, the authors propose new muscular enforcement regimes and new laws to protect small businesses from unfair competition. They also call on states to increase the power of local governments to reject new dollar store applications, amending land use guidelines to require "cultivating net economic growth, ensuring that everyone has access to healthy food, and protecting environmental resources.

If all of this has you as fired up as it got me this morning, check out ILSR's "How to Stop Dollar Stores in Your Community" resources:

http://ilsr.org/dollar-stores

I’m kickstarting the audiobook for my next novel, a post-cyberpunk anti-finance finance thriller about Silicon Valley scams called Red Team Blues. Amazon’s Audible refuses to carry my audiobooks because they’re DRM free, but crowdfunding makes them possible.

Image: Mike McBey (modified) https://www.flickr.com/photos/158652122@N02/38893547595/

CC BY 2.0 https://creativecommons.org/licenses/by/2.0/

[Image ID: A ghost town; it is towered over by a haunted castle with a Dollar General sign on it, with the shadow of Count Orlock cast over its tower. One of its turrets is being struck by lightning.]

#pluralistic #shrinkflation #institute for local self reliance #ilsr #dollar tree #dollar general #dollar stores #groceries #food deserts #kkr #pe #private equity #predatory buying #predatory pricing #Robinson-Patman Act #consolidation #monopoly #monopsony #care labor

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chilimili212 · 12 days ago

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oliviajoyice21 · 12 days ago

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