Covid Lockdown
Retail
Digital payments to jump 45 pc and hit US$ 6.7 trillion value by 2023
Coronavirus has caused a significant impact on the way consumers shop and make payments. With social distancing rules in place, many of them have embraced contactless payments and digital wallets as a safer way to manage their money.
According to...
Fashion
CAIT awaits clarity on relaxed lockdown norms on shops
IANS -
The Confederation of All India Traders (CAIT) on Sunday said that "confusion" is preventing traders from opening shops even following the orders issued by Ministry of Home Affairs and various state governments.
In a statement, CAIT said: "Despite of the...
Food
Instagram launches in-app food delivery to support businesses
IANS -
Facebook-owned photo and video-sharing app Instagram has launched a new feature that allows food orders to be placed through the app, as part of an effort to support local businesses during lockdowns.
The feature was first rolled out in the...
Food
Reliance JioMart goes live on WhatsApp
IANS -
After signing a massive $5.7 billion deal with Facebook, Reliance Industries latest venture to expand into the retail market, JioMart, has reportedly gone live with its official WhatsApp number.
According to media reports, JioMart is currently available in the suburban...
Retail
Boost e-commerce to salvage economy post-Covid: Pawar to PM
IANS -
With 'social distancing' likely to become a norm in the future, Nationalist Congress Party President Sharad Pawar has urged Prime Minister Narendra Modi to boost e-commerce and home delivery to salvage the Indian economy badly battered by the Covid-19...
Retail
64 pc Indian consumers to prefer online shopping in next 6-9 months: Report
IANS -
In view of the coronavirus pandemic and persistent concerns, the share of Indian consumers preferring online shopping over physical shops may rise to 64 per cent in the next 6-9 months, according to a survey by Capgemini Research Institute.
The...
Fashion
Sharp fall in consumption in the largest apparel markets of the world due to COVID-19: Wazir Advisors
Retail and business management consultant Wazir Advisors have released a report that outlines a sharp fall in apparel consumption in the USA and European countries. Globally, new COVID-19 cases are projected to reach the acme between the time frame...
Fashion
Landlords under pressure as global fashion chains set to demand rent holidays
Global fashion players operating stores in Europe’s shopping centres and high streets will be demanding, even enforcing in some countries such as Spain, rent holidays over the next few months as COVID-19 continues to take a greater hold, says GlobalData, a leading data and analytics company.
Honor Strachan, Principal Analyst at GlobalData, comments: “Landlords will...
Beauty & Wellness
COVID-19 presents an opportunity for beauty retailers as salons remain closed: GlobalData
Sales opportunities for non-food retailers are scarce amid the COVID-19 pandemic as lockdowns are enforced and non-essential stores remain temporarily closed. However, with 59.8% of consumers globally using salons and spas for treatments*, the desire to replicate salon treatments...
Fashion
Fashion retailer Harpenne finished off by COVID-19 before it had a chance to get going
The clothing brand Harpenne, owned by River Island, has permanently closed less than a year after launching.
Sofie Willmott, Lead Analyst at GlobalData, a leading data and analytics company, offers her view on this news saying:“Still in its infancy and...
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Latest News
Paytm UPI goes global; app users can make payments at select international locations
Indian travelers can now use their Paytm app at destinations where UPI is accepted, including popular spots in the...
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