Quick Commerce Sales In India Surge By 280% Over 2 Yrs: Report
Quick commerce has expanded at an impressive 73 per cent annual growth rate during the Financial Year 2024 (FY24)
Quick commerce has expanded at an impressive 73 per cent annual growth rate during the Financial Year 2024 (FY24)
These figures come from the big sales of Amazon and Flipkart, along with Myntra also contributing significantly
Findings based on insights from over 250 industry experts and shoppers deeply involved in festive marketing and beyond
The survey suggests that consumers are spending more on other lifestyle products and this seems to be the biggest reason for the lower demand for clothing
The report expects the operating profit margin (OPM) for the current fiscal to be lower than the pre-pandemic levels by 310 basis points
The report states that outsourcing is primarily geared toward cost efficiency in international markets rather than benefiting domestic consumers through reduced prices
Icra’s analysis revealed that while retailers are seeing strong sales growth—an 18 per cent year-on-year increase in Q1 FY2025—this has been largely fueled by new stores and the introduction of new product categories Fashion retailers in India are expected to maintain operating profit margins (OPM) in the range of 13-14 per cent for FY2025, despite […]
The trade bodies have called deep discounts an unethical practice and asked the government to intervene
In a Rs 1,500 crore partnership, Indian-Swedish collaboration aims to transform dairy farming with zero-waste technology and advanced farming solutions On day 2 of World Food India 2024, B.L. Kamdhenu Farms signed a Memorandum of Understanding (MoU) with Sweden-based company, DeLaval. The MoU was signed in the presence of H.E. Jan Thesleff, Ambassador of Sweden, […]
Demand for retail space in India is driven by increased discretionary spending, shifting consumer preferences, rising confidence and international retailer interest A recent report by Cushman & Wakefield, titled ‘Resurgent Retail: Powered by Rising Retail Consumption’, unveiled at MAPIC India 2024, highlights an urgent need for the expansion of premium retail spaces. It estimates that […]