Retailers must prioritise inclusivity, community involvement, and sustainability to stay competitive and increase customer retention & loyalty, writes Krishnan Menon The retail industry’s future is shaped by many factors, from digitisation to the growing emphasis on sustainability and ESG values. Businesses must embrace a fresh perspective and adapt continuously to enhance their consumer experience. They need […]
Wholesale inflation in India, based on the Wholesale Price Index, remained in positive territory for the second month after remaining in the negative zone for the seventh straight month until October. Data released by the Ministry of Commerce and Industry on Monday afternoon showed India’s wholesale inflation in December stood at 0.73 per cent, against […]
Jewellery brands are strategically establishing a robust online presence to leverage digital platforms for driving sales, writes Dipu Mehta In a landscape shaped by ever-changing consumer preferences, the Indian jewellery market has undergone a significant transformation. The dynamic world of the Indian jewellery market is akin to the changing seasons, where enduring brands stand […]
India’s retail inflation rose to 5.69 per cent in December which is marginally higher than 5.5 per cent in the previous month, states data released by the Ministry of Statistics and Programme Implementation (Mospi). It should also be noted that inflation, measured by the Consumer Price Index (CPI) has remained within the Reserve Bank of […]
Indo Petroleum Marketing (IPM), a Delhi-based start-up company that has been granted transportation fuel retail marketing authorization by the Ministry of Petroleum and Natural Gas, will set up 15 retail outlets in Assam. The start-up company has been granted transportation fuel retail marketing authorization by the Ministry of Petroleum and Natural Gas of the Government […]
Consumer concern around the rising cost of living has eased slightly over the past year, with just 43 per cent now fearing their finances will worsen in the next few months, compared to 80 per cent who felt that way a year ago, according to the third edition of the Capgemini Research Institute’s annual consumer […]
India’s value retail industry, excluding food and groceries, is expected to expand to USD 170 billion by 2026, up from USD 111 billion in FY 23, according to Wazir Advisors. This industry is forecast to increase at a compound annual growth rate (CAGR) of 15 per cent between 2023 and 2026, outpacing the entire retail […]
Tata Starbucks unveiled its plan to operate 1,000 stores in India by 2028, translating to the opening of a new store every three days. The strategic vision, articulated on Tuesday, revolves around empowering local partners with skills for employment, creating new stores designed to offer customers an elevated experience, and promoting Indian-origin coffee globally. Established […]
FADA reveals the vehicle retail data for December 2023 and the anticipated automotive sector performance in 2024, segment-wise. In the 2W category, key drivers included an abundance of marriage dates and the distribution of harvest payments to farmers, which enhanced purchasing power. Additionally, the availability of a wide range of models and variants, coupled with […]
The journey of the Indian retail sector has been a tale of remarkable resilience, after facing an 8.5 per cent decline during the pandemic, to reach USD 836 billion in FY 2022. Several factors contributed to this resurgence, including the recovery from the pandemic, the rapid growth of digital commerce, the growing penetration of the […]
