COVID-19
International News
Tesco’s record Christmas sales reveal how COVID-19 has boosted interest in sustainability
Tesco announced record sales over Christmas, reporting that in 2020, the sales of vegan Christmas alternatives surged, with the retailer’s largest-ever plant-based festive ranges showing significant increases in interest. This is in line with GlobalData’s research which shows that...
International News
As US struggles to cope with COVID, retail sales drop by 0.7%
US retail sales dropped by 0.7 per cent in December, marking the third monthly decline in a row, as the country struggles to cope with the unabated Covid-19 surge, the Commerce Department reported.Excluding motor vehicles, parts and gasoline stations, retail sales fell by 2.1 per...
Big Grid
Food Industry revenue jumped by 20% YoY to $8.2 trillion in 2020, the biggest increase in years
COVID-19 had a significant impact on the global food and beverage industry, causing supply chain disruptions, closure of food production facilities, and huge changes in consumer demands.During the coronavirus pandemic, the containment measures have drastically impacted the flow of...
Big Grid
Gradual Path to Recovery: Fashion retail registers demand revival
After months of the COVID triggered wallop, markets and economies around the world are now steadily inching back towards normalcy. The Indian fashion industry, one of the worst hit retail sectors by the pandemic, too has finally started registering...
Retail Hub
Kerala theatres shut despite green signal from government
Despite the Kerala government's nod for cinemas to reopen on Tuesday after being shut for months due to the COVID-19 induced lockdown, theatres remained closed as the film industry wanted the authorities to address its demands and concerns before resumption. There are over 1,200...
Big Grid
RAI welcomes Karnataka decision to allow shops, malls, restaurants to stay open 24×7
Retailers Association of India (RAI) has been working with the State Government of Karnataka for enabling Ease of Doing Business and has been pursuing various departments to adopt the State Retail Trade Policy and allow retailers to operate 24X7,...
Fashion & Lifestyle
Global fashion industry suffers 90% economic profit decline in 2020: The State of Fashion 2021
The Business of Fashion (BoF) and McKinsey & Company released a new report, 'The State of Fashion 2021'. Now in its fifth year, the report covers the future of the $2.5 trillion global fashion industry, based on exclusive interviews...
Retail
20% Paytm staff to continue WFH post-pandemic, hiring from smaller towns to increase
Paytm has doubled down on its efforts to hire staff from smaller towns and allow them to continue working from those locations even after the pandemic situation eases, founder Vijay Shekhar Sharma said.
"We figured out that we could now recruit from cities...
Fashion & Lifestyle
Restructuring operations as fashion retail revives
Nishant Poddar, CMO & Head Retail Experience, Universal Sportsbiz (Wrogn, Imara, Mstaken & Single) -
‘Hope is like a miracle that gives you a new tomorrow’. Hope, to wake up each day, a little further from the standstill, to crawl, walk or tread in search of a better future is what the new normal...
Technology
GreenHonchos: Enabling Intelligent Retail
E-commerce business is on a growth path and is set to achieve almost 265% growth by 2021. Experts are predicting that what was a $1.3 trillion industry in 2014 to is going to be a $4.9 trillion industry by...
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Latest News
5 Pillars of Customer Retention
Customer experience, social media, trust, transparency and data critically impact customer retention said representatives of leading brands speaking at...
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