COVID-19
Retail
Flipkart gross merchandise value exceeds pre-COVID-19 level: Walmart
The gross merchandise value (GMV) of Flipkart has exceeded the pre-COVID-19 levels, global retail major Walmart Inc, which owns a majority share of India’s leading e-commerce platform, said.
Walmart’s overall revenue was up 5.6 percent to US$ 137.7 billion while...
Research
Consumer sentiment improving, revival stronger among lower-income segments, small cities: BCG Report
Consumer sentiment has started to get a little better, even though the COVID-19 pandemic has continued to worsen, said a report by the Boston Consulting Group (BCG).
‘Cautious Living' is emerging as the new theme, where consumers beginning to feel...
Research
65 pc consumers express positive buying sentiment around Diwali’20: TRA Whitepaper
TRA Research, one of India’s leading consumer insights, and brand analytics company, released a whitepaper titled ‘TRA’s Diwali 2020 Buying Propensity Report’ gauging the changing buying mindsets and sentiments for the upcoming Diwali in November 2020.
65 percent of all...
Fashion
Women’s fashion retailer Madame to launch six new stores across India on-demand pick-up in Tier II
Women’s apparel retailer Madame announced the launch of six new stores seeing demand pick-up in the Tier II cities across India in spite of the COVID-19 pandemic.
Of these six stores, one store will be located in the Crown Mall...
International News
E-commerce emerges as mainstream payment in Thailand amid COVID-19 crisis, finds GlobalData
E-commerce has been on a sustained growth for the last few years in Thailand. While Thailand is among the few countries globally that has been successful in combating COVID-19, the lockdown measures such as restricting the opening of businesses...
Retail
Degrowth rates peak, lockdown relaxations ineffective for retail: Survey
No industry or individual has escaped unscathed from the lockdown, and retail lies at the very intersection. A recent survey by the Retailers Association of India (RAI) of more than 150 retailers – big and small, revealed that lockdown...
Food
Secret to Success: Gourmet brand Nuts ‘N’ Spices records 18 pc growth in pandemic times
Nuts ‘n’ Spices was founded in June 1999 with its first store measuring 600 sq.ft. in Nungambakkam, Chennai. With over three generations of experience in the food and grocery business, the retailer currently operates a chain of 33 outlets.The...
Food
Del Monte witnesses 2-fold jump in sales of sauces, pasta during lockdown
FieldFresh Foods, which sells Del Monte brand of premium packaged food and juices, has witnessed a sharp increase of 80-200 percent in sales of products like pasta, olive oil, sauces, as home cooking and baking activities went up during...
Fashion
Wildcraft eager to take growth to periphery of India, play part in self-reliant country goal
Undeterred by the coronavirus pandemic, homegrown outdoor adventure products maker Wildcraft is pursuing its journey of next phase of growth with eyes firmly set on reaching to 'the periphery of the country and to the heart of where global...
Fashion
Aditya Birla Fashion to seek shareholders' nod for higher borrowings
IANS -
In the wake of the pandemic's impact on business operations and cash flows, Aditya Birla Fashion and Retail Ltd will seek shareholders approval for raising its borrowing limit up to Rs 4,500 crore in its upcoming Annual General Meeting...
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Latest News
Zudio goes global, opens first international store in Dubai
The new store is located at Silicon Central Mall in UAENew Delhi: Tata Group-owned value retail fast fashion chain...
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