TikTok, owned by ByteDance, intends to develop its global ecommerce operations to catch up with up to USD 20 billion in merchandise sales this year, according to a report by Bloomberg News. According to the report, the company is counting on growth in Southeast Asia, especially targeting markets like Indonesia. This goal represents significant growth […]
The prices of food items in Pakistan have increased by 100 per cent this year compared to last year, as per the Pakistan Bureau of Statistics, Daily Dunya reported. Daily Dunya is an Urdu daily newspaper from Pakistan. In 1922, a bag of 20 kg flour was 1400 rupees, it has now exceeded 2300 rupees, […]
Consumer sentiments in India witnessed its fifth consecutive month of improvement in May, although the rate of increase has slowed down, raising apprehensions of potentially volatile growth in the coming months. The Centre for Monitoring Indian Economy (CMIE) highlighted concerns related to the erratic monsoon and state elections as contributing factors to this uncertainty. According […]
When the International Monetary Fund (IMF) called the Indian economy a “bright spot” in an otherwise dark immediate future for the world economy, it was met with cautious optimism by the decision-makers in India. The truth is that PM Modi and his team had hunkered down in the immediate aftermath of the headwinds of the […]
Livpure, a home and living consumer products brand, has reported an annual growth of closer to 50 per cent in the financial year 2022-23. According to the official statement the company is aiming to doubling its retail presence, expanding the product portfolio, adding national and regional MT partners to the fold, and ensuring the availability […]
The Railways achieved a freight loading of 134 million tonnes (MT) in May 2023, showing an improvement of 2 per cent over last year’s freight loading of 131 MT for the same period, stated the Ministry of Railways. “Freight revenue of Rs. 14641.83 crores have been achieved in May 2023 against Rs 14083.86 crore freight […]
Livpure, a manufacturer of water purifiers in India has recently onboarded Kapture CX – a SaaS-based customer experience platform to build a robust and automated customer support system, integrated across all consumer touchpoints. “Livpure is a more than a decade-old company that operates in a plethora of consumer wellness-focused categories – Water Purifiers, Appliances, Water […]
Amazon India announced the launch of a ‘Yoga store’ which includes Yoga essentials from Indian sellers. “The store not only extends an opportunity for customers to adopt a healthier lifestyle but also aims to boost the growth of emerging Indian brands and manufacturers in the health and fitness category,” the company said in its official […]
The Reserve Bank of India (RBI) has lowered India’s inflation projection for 2023-24 to 5.1 per cent against its April estimate of 5.2 per cent. On a quarterly basis, retail inflation (or Consumer Price Index) in Q1 is seen at 4.6 per cent, Q2 at 5.2 per cent, Q3 at 5.4 per cent, and Q4 […]
Growing customer demands and emerging shopping trends have led to major paradigm changes in the retail industry. Value propositions are constantly evolving to deliver not just the best products or the lowest prices, but also exceptional omnichannel customer experience. Despite all this, delivering an interconnected shopping experience is easier said than done. Retailers need a […]
