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PE into Indian retail pauses in 2020 amid COVID-19, 2021 looks promising

Indian retail sector was one of the worst-affected due to COVID-19, which in turn impacted private equity investments into the retail sector in 2020. The year was almost dry for the retail sector in 2020 as against 2019 when...

Global e-commerce market to reach 3.8 bn users, $2.7 tn in revenue in 2021: Study

The COVID-19 pandemic has accelerated the shift away from brick-and-mortar stores to digital shopping, as millions of consumers worldwide turned to webshops amid the lockdown. This Coronavirus-led boom in online sales caused a surge in the number of users...

US retailers offering curbside pickup grew digital revenue by 49% in 2020

In 2020, retailers who innovated to keep up with the changing consumer behavior reaped bigger than those that did not.According to the research data analyzed and published by Comprar Acciones, retailers offering buy-online-pickup-in-store (BOPIS) options increased their digital revenue by...

Shopping Centre heads predict recovery time as footfalls, sales pick up

The COVID-19-led shutdown recovery period for malls in India has been slow but steady. While Tier II & III malls picked up first and started raking in sizeable footfalls and sales, Tier I malls soon followed, picking up the...

E-commerce in India will grow 45%, e-grocery 8X by 2025: RedSeer Research

India’s consumer internet economy showed strong resilience in 2020. The overall gross market transaction value dropped earlier last year due to the pandemic but recovered by the end of the year.Industry experts like Vivek Sunder - COO of Swiggy, Umang...

Take action against Amazon, Flipkart, Swiggy, Zomato for ‘daylight robbery’: CAIT

The Confederation of All India Traders (CAIT) said in a statement that its delegation held a meeting late on Thursday with Indian Commerce Minister Piyush Goyal, who told them a "strenuous exercise" was underway to issue new foreign investment rules."Mr. Goyal told...

Fashion brand Indya forays into skincare, aims at 20% revenue from the segment in 2 yrs

Women's fashion brand Indya has forayed into the skincare segment and said it expects 15-20 per cent of its revenue to come from this category in the next 18-24 months. Indya, which is owned by High Street Essentials (HSE) that also runs the FabAlley brand,...

Consumer confidence up by 4.7 percentage points in January 2021: IPSOS

The overall consumer confidence increased by 4.7 percentage points in January 2021, said an IPSOS statement.Sentiments of Indians regarding the economic prospects of the country have improved in January, according to the Refinitiv-Ipsos Primary Consumer Sentiment Index (PCSI).The PCSI Employment Confidence Sub-Index is...

Demystifying Indian Consumer Behaviour: Gleam of festivities overpowers the pandemic-induced gloom, says Deloitte survey

As the global economy is gradually transitioning from the respond phase to the recovery phase, India is also looking at riding on the festive wave and positive consumer sentiments to return to normalcy.According to a Deloitte survey titled 'Demystifying...

Pandemic accelerates technology spending plans for 6-in-10 retailers: Survey

Global Shopper Study by Zebra Technologies found shoppers expect a seamless experience between stores and online and are increasingly placing orders online because of desired product availability, resulting in a surge of e-commerce orders with nearly 60 placing placing...

SEBI nod, BSE ‘no-adverse-observation’ given to Reliance-Future deal

Market regulator SEBI gave a go-ahead on Wednesday to Future Group's scheme of arrangement and sale of assets to Reliance, based on which the Bombay Stock Exchange also granted its "no adverse observation" report to the Rs 24,713-crore deal. The Securities and Exchange Board of...

How malls are giving themselves a digital makeover in COVID times

COVID-19 so far has turned out to be one of the biggest setbacks for the retail and shopping industries around the globe. With lockdowns imposed in every country for more than 50 days, the industry had almost neared a...

Packaged sweets: Revolutionizing the packaged food industry

With the packaged food industry as a whole evolving and maturing in the country in recent years, packaged sweets have come to register as an integral part of that process. In fact, the traditional popularity of sweets coupled with...

Companies need to begin digital transformation now to survive in the new world

Amid the slow recovery of COVID-19, it may be tempting for companies to stick with what is comfortable and delay ambitious digital transformation projects until more stable times. However, leading data and analytics company GlobalData notes that this would...

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Digital Icon : Rajneesh Sharma

Rajneesh Sharma brings over 24 years of diverse experience in FMCG, fashion, retail, and manufacturing. Rajesh is dedicated to...
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