retail

In the present age of concentric shopper expectations meeting technology advancements, the global retail industry is in the eye of a profound retail tornado. In fact, technology is adding a new dimension to consumer products while redefining retail strategies....

Sales and ordering processes in manufacturing and distribution have been steadily transformed by technology over the decades. In the 1970s, barcode scanners were first introduced at point of purchase to ensure up-to-date pricing and counts of outgoing stock. In...

The Government is moving ahead with further opening of retail sector to foreign investments, and detailed deliberations in this regard were held in the finance ministry. According to a PTI report: The commerce and industry ministry may soon approach the...

The era of digitalization has brought about many ground breaking changes across industries. Technology has started playing a more significant role in the growth of newer business models and improving consumer preferences placing consumers in total control of the...

More than 10 million UK workers are at high risk of being replaced by robots within 15 years as the automation of routine tasks gathers pace in a new machine age, a report said on Friday. The report by the...

With the nominal year-over-year (y-o-y) expenditure growth at 12 per cent and with consumption set to triple to $4 trillion, India will be the third largest consumer market by 2025, a report said on Tuesday. "Consumption in India is set...

After decades of big-box expansion, the retail industry is now shifting to smaller stores. In 2015, small format retail categories — drug, dollar and convenience stores — outgrew larger format stores by almost 400 per cent, and now make up...

In the coming years, about 70 per cent of world's growth is likely to come from emerging markets, with 40 per cent contribution from China and India, alone. These forecasts and industry prospects suggest that emerging markets are likely to...

Retail is one of the world’s most dynamic and competitive industries. Like many industries, it is feeling the effects of powerful economic, demographic and technological factors, which are driving change across the board. Retail is experiencing a metamorphosis of sorts,...

Demonetization will leave a negative impact on small and medium enterprises (SMEs), rural consumption and job creation while the large organised sectors stand to benefit in the long term, industry chamber Assocham said on Sunday. "Demonetization of high value currency...