COVID-19
Retail
Slow easing of lockdowns better for global supply chains: Study
IANS -
A cautious approach to easing lockdown restrictions that reduces the risk of later lockdowns may be better for the global supply chain in the long run, say researchers.
The study, published in the journal Nature Human Behaviour, comprehensively assessed potential...
International News
Top 25 retailers by market capitalization in Q1 2020 see QOQ decline with exception of Amazon and JD Sports, says GlobalData
Most of the top 25 publicly traded global retailers by market capitalization (MCap) reported quarter-on-quarter (QoQ) declines for the first quarter (Q1) ending 31 March 2020, with Amazon and JD.com being exceptions, according to GlobalData, a leading data and...
Food
There will be some impact on profitability in short term due to coronavirus: HUL
FMCG major Hindustan Unilever Ltd (HUL) on Tuesday said the coronavirus pandemic has imposed incremental operating costs on the business and there will be some impact on its profitability in the short term.
According to a PTI report: In a...
Retail
Retail growth in India to suffer by 10.1 ppts in 2020 due to COVID-19 impact, says GlobalData
Retail sales in India are now forecast to reach Rs 66,394 bn (US$878.4bn) in 2020 (post-COVID estimates) compared to Rs 64,892bn in 2019, a growth of 2.3 percent compared to the original forecast of 12.4 percent, according to GlobalData,...
Food
McDonald's to reopen in west, south India with new safety measures
As the country gears up to come out of the two-month-long COVID-19 lockdown, Westlife Development, that owns and operates McDonald's restaurants in West and South India is all set to open its doors for customers once again, with enhanced...
Food
'China’s online grocery sector set for explosive growth as over half of consumers shift to online shopping'
As China emerges from the lockdown restrictions, 56.0 percent of Chinese consumers are buying food and grocery online more frequently than before, says GlobalData, a leading data and analytics company.
Thomas Brereton, Retail Analyst at GlobalData, comments: “The impact of...
Research
44 pc urban Indians more likely to shop online after lockdown: Survey
Close to half (44 percent) of urban Indians are more likely to shop online once the lockdown is over and 21 percent people are less likely than before to shop in physical retail stores, a new survey said on...
Fashion
Burberry better positioned to face COVID-19 thanks to digital expertise
Burberry has released FY figures for 2019/20.
Sofie Willmott, Lead Retail Analyst at GlobalData, a leading data and analytics company, comments: ‘‘Burberry’s full year performance was significantly impacted by the pandemic originating in its biggest market, APAC, however it is...
Food
FMCG companies' revenue to contract by 3 pc in FY21: Crisil
Domestic ratings agency Crisil on Tuesday said it expects revenue of fast moving consumer goods sector (FMCG) companies to contract by 3 percent in 2020-21 as against its earlier expectation of a 10 percent growth.
However, companies will adopt lower...
Food
Flipkart to re-apply for food retail license
The Department for Promotion of Industry and Internal Trade (DPIIT) has rejected Walmart-backed Flipkart’s proposal seeking approval for entry to the food retail sector citing a regulatory issue, an official said on Monday.
According to a PTI report: The government...
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Latest News
Flipkart expects to create 1 lakh new jobs ahead of festival season
Most of the jobs created by e-commerce companies during the festival season sale are seasonalNew Delhi: E-commerce major Flipkart...
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